Recent Home Living Property Culture The Team North Shore Living
Recent Home Living Property Culture The Team North Shore Living

Looking To Invest? Here's What You Should Be Looking For In A Property Manager

Written by Olivia Esveld
Have you recently purchased an investment property? Then the next step is finding a property manager to help make the process of renting easier and to ensure the success of the property in delivering a positive return on investment.

Here at McConnell Bourn, we don't just sell property, we manage it too and with a team of highly experienced property managers, we strive to deliver open
and consistent communication, which is key to forming successful business partnerships with our clients.

To be a successful property manager, you have to be prepared to do more than just collect rent. According to McConnell Bourn's Director of Operations, Suzanne McConnell, the success of a property management team stems from building a relationship with clients and offering them a point of difference.

"We are dealing with time-poor tenants who are paying a high amount of rent. With that comes expectations in regards to property management,” Suzanne explained.

She says it's about being "proactive rather than reactive", ensuring that the needs of the client are met at all times and that the properties are consistently well maintained.

“Their properties are their biggest investment - we want to look after that and, in time, increase their value," Suzanne added.

So what exactly should you be looking for in a property investment manager? We believe it comes down to these five things:

1. EXPERTISE: Look for the individuals who choose property management as a career. You want someone who is competent, mature and highly experienced. Longevity in the role is a great indicator.

2. A TEAM APPROACH: You can’t always rely on a single property manager - what if they get sick or leave? It’s important to choose an individual who has a dedicated property management team that can step in when needed.

3. ATTRACTING TENANTS: Without a clear marketing strategy in place, it makes it difficult to find quality tenants. Ask the questions about how your property
will be marketed. Professional property marketing will be sure to give your investment property a competitive edge.

4. MAXIMISING RETURNS: Select a property manager who works diligently to maximise your return on investment whilst managing tenant demands and maintenance expenses. Your best interests should be paramount.

5. LOCAL KNOWLEDGE: It pays off to have your property manager close at hand. Look for someone who knows the ins and outs of the local market - an area specialist who will bring invaluable knowledge to the table.

Find out more about the property management services available at McConnell Bourn here.

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