It seems like everyone in the property management business in Newcastle is offering pretty much the same thing, so how do you know which agent is the best?
Sadly, and all too often, an investor ends up choosing a real estate agent purely based on a financial reason going for the lowest management fees. Sometimes the investor makes their choice based on a high rental appraisal price. Unfortunately, both of these decisions are flawed if made in isolation and not considering any other factors.
Beware of Choosing an Agent based on the Lowest Fees or the Highest Rent Appraisal
Are you aware that based on a rental return of just $500 per week, the annual difference between a 6.6% and 7.7% management fee is $286pa and is equivalent of having your property vacant for just 4 days?
Consider this…. Why is the agent charging you less? Is it because it’s the only way they can get new business? Perhaps they are inexperienced or simply trying to win your business because they have a quota to reach for the month.
When you feel you aren’t getting the service you require from your property manager, switching to a new team is your best option. Many agencies, us included, can take care of this with as little as a phone call.
If you’re thinking about switching property managers, Annette Pinkerton at One Agency Pinkerton Properties will handle the entire process and it won’t cost you a cent. Whenever an investor wishes to transfer their portfolio to our care, we handle the changeover from start to finish – all you need to do is sign some paperwork. We can do everything from contacting your old property management company to give notice, arrange paperwork, pick up keys, notify your tenants and arrange an inspection to view the property – you just need to give me a call.
You don’t have to worry about feeling uncomfortable about approaching your property manager to let them go. The whole process really is easy and stress-free for you as the landlord. All you need to do is make the decision and notify us.