In most cases, you can terminate your estate agent’s management of
your rental property, effective immediately, by written notice to the
agent. Check your authority (contract) first.
Are Property Managers Required to be Licensed or Registered?
Q: We have had a property rented out through a property manager for the past three years. We are not happy with the property manager and don’t feel that we receive value for the fees we pay. While they do a good job of collecting rent, we had to ask for a property inspection to be done after eighteen months under their management. Despite repeated requests to see a copy of the rental agreement (as we are not sure that there is one) we can’t get a straight answer and have reached the point where we may ask a friend who lives in the area (we are off-shore investors) to liaise with the property manager on our behalf.
Good property management is key for your property investment
A property investor should not need to worry about their investment property when a property manager has been appointed. Here are signs to look for to ensure your property is in the hands of good property management.
Tailored fee structures
Most property management companies have a fee structure in place. The ability to tailor this feed to meet your individual requirements is critical.