Rental Property Managment

Being a rental property owner means more than collecting the rents.  It is important to understand how your property manager operates so that you can work together to partner in this venture.  In Adelaide, Stanley Samuels has been operating for decades and is happy to help you understand the relationships of both parties.

Long Term – While many people like the short-term relationships of AirBNB or vacation leasing, for a solid income flow, permanent, long-term rentals are crucial.  If you don’t have the time or don’t live in the area, you should hire a strong property manager.

Communication – Our staff are hired for strong communication skills.  We maintain a low staff to property ratio so that our clients can always speak with the same person and our tenants only have a few people to work with concerning any issues that may arise.  Our record keeping is transparent; all of our reports are easy to understand and accurate.  We outline all expectations between the parties so everyone is on an even footing.

Knowledge – If you are renting a piece of property to a lessee, you need to be sure you understand the property itself as well as its location and economic surroundings.  Stanley Samuels has a good grasp on the various areas of Adelaide and surrounding areas and can target the right tenants and set the appropriate rates.  Unless you want to manage the property on your own, this is the best procedure to follow to achieve the financial success you are looking for.

Inspections and Maintenance – We keep close watch on the properties we manage to be sure they are properly maintained.  We regularly research on the legal and appropriate times our staff can visit the property and inspect it for any damage or wear and tear that needs attention.  We also verify that any work performed (like plumbing, etc.) has been completed satisfactorily.  We take our responsibilities seriously and work toward the benefit of all parties. 

If you are currently unsatisfied with your property manager, or would like more information about Stanley Samuels, we are happy to speak with you about the property you own and how we can make it easier for you to manage long term.

Rental Property Management

 

 Many people have invested in rental property.  Sometimes it is a residence where the owner formerly lived and renting it now for the extra income.  Other times it was a specific purchase.  Rental property can be commercial or residential.  However, over time the actual management of the property can become cumbersome and you will need to find a rental property management company.

When that happens, it is important to select a company that you can rely upon, a company that is dedicated to the management, not just a sideline.  You should also ask about the range of their service, whether it is just collecting and processing rents and repairs, or if they also handle preventive maintenance.  Also, do they specialize in one type, like a strip mall, or do they have experience with a range of types of properties.  Just like making a major purchase, it is important to do your homework and make the best decision for your needs.

Some of the things you should investigate are:

Rents – They should be able to provide some statistics about the rental rates in the area of your property, along with the average length of time property remains vacant between reletting.  How often do they recommend reviewing the rent structure and what are the bases for recommending increases.

Maintenance – Will you need to use the company’s repair team or can you use your own contractors?  Who will conduct inspections and how frequently?  How much notice do they give the tenants for maintenance work?  How rapidly can they respond to an emergency?

Basics – If you are new to renting property, they should be able to advise on whether to let the space furnished or unfurnished, allow pets, terms of the lease, utilities, amount of security deposit, and whether to have tribunal meetings. 

As you can tell, there are a number of factors to consider when arranging to work with a rental property management company.  If you have questions or concerns, feel free to contact us for a free consultation.

Tips to choose the best real estate property management

 Any decision related to your property is a big decision as it involves a lot of research and above everything else, a property investment manager who is trustworthy and reputed. Moreover, today, there are several property investment companies have emerged, and due to this, the competition has increased in the market. Also, due the market conditions are fluctuating due to several reasons and they are affecting the rates of the property in various ways.  Consider looking into all the details regarding             real estate property management  before you come to any conclusion

In this case, it is crucial that you find a  real estate property management who is not only trustworthy but also they give you your requirements at the best competitive price possible.

Let us look at some of the tips that may guide you through your hunt.

TRY TO GET REFERENCES FROM DIFFERENT SOURCES

The easiest and the reliable way of finding a property manager is via the persons whom you know. They might have dealt with them for their property issues, and so their references will give you a reliable source. Moreover, due to the familiarity, the trust factor becomes stronger. Moreover, the managers always want to increase their business and customer network and so, they may offer you the best price for your requirement.

TAKE AN ONLINE RESEARCH 

 Today, the whole world has shifted to the web world, and so, you will find everything over here. Therefore, you can do online research for the   real estate property management . It will give numerous options for your requirement. Today, every business or a firm have their business site that reveals the details about their profession and the products and services they provide. In such a case, you will get to the minute details about the company you are referring. You can go through their testimonials if provided on their site which will give you the idea about what the customers think about the services of the company.

LOOK FOR THEIR CURRENT WORK

After you do an online research and coming to a company of your choice, it is important that you check their current work. It means that you should research their work in the market through different sources and ensure if they are reliable for your requirement. Look for their work in all the ways before you go with them for your property work.

MEET SEVERAL PROPERTY MANAGERS

Apart from the researches mentioned above, it is important that you meet these managers in person and interview them regarding your requirement and other relevant details. Make sure you don’t miss out on any question that you may find it later on and regret the same. Inquire about their current area of tasks and about the customers they currently deal with. This will give you a clear idea about their work as well as reputation in the market.

SEE FOR THEIR LICENSE AND CERTIFICATION

Most of the   real estate property management companies require or have their brokers with the license of brokerage. So, it is important that you should go with the company that has its brokers with license or certificates of trade organizations such as Institute of Real Estate Management (IREM), National Apartment Association (NAA), National Association of Residential Property Managers(NARPM) and the Community Associations Institute (CAI). This will prove their reliability. So, just see for yourself if the company is having the brokers with any of the mentioned licenses or certificates.

EXAMINE THEIR MANAGEMENT AGREEMENT

After confirming everything, it is important that you check the management agreement to ensure the responsibilities of the manager and the owner. Cross check whether all the details mentioned in the agreement are same as the terms discussed verbally when you discussed everything with the property manager.

Thus, it is important that you look for every minute detail before you go for any decision regarding your property whether sale, purchase or rental.