Whether you have a single property you want to rent out or a portfolio of properties you should consider a property management Auckland company. There are a lot of companies out there vying for your business, but you need to choose the right one. The right company for you might not be the right one for someone else. It is important that you know how to choose the property management company that will work for you.
Should You Use A Management Company?
Before you start looking at property management companies you need to consider if you actually need one. It is recommended that you should use a management company if you are new to property letting or if you have a large number of properties that you own. The company will deal with the logistics of renting out your property and maintaining it.
When you look for a management company you should ask your friends and family for recommendations. You do not have to use the company that they suggest, but this is a good place to start. When getting recommendations you should ask why the company is being recommended or why the person is not recommending them.
Property Management Or Real Estate
When you start looking into management companies you will find that a number of real estate agent Botany Downs offer this service. Some people feel that real estate agents do not offer the same level of service as a company that only does property management. However, there are other people who find that the service is on par. You need to determine if you are happy to have a management company that is also a real estate agent. To determine the level of service you would get you should find out if the estate agent has a dedicated staff member who looks after properties. This could ensure that any issues with your property are looked into promptly.
The Cost Of The Service
For many people cost is a major part of choosing a property management company. However, it is important that you not simply use the cheapest option as they might not be right for your property. Most companies will charge a percentage of the gross rental income from the properties. There are other companies that charge a set fee for the number of properties and the type of property.
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You should also check to see if the company you will be using has qualifications or linked to an ethics body. This can give you peace of mind as you will have some form of protection should something go wrong. Local ethics bodies will generally have a list of companies who are members and this could also be a good place to look for potential property managers.
The Services Provided
Most property management companies will offer a lettings service and a management service. You should get a full breakdown of what each service covers before you sign anything. This written listing can help you ensure that you are getting everything you need for your property.