Owning an investment property is a significant commitment, and choosing a property manager is one of the most important decisions you'll make as a landlord.
But when was the last time you actually reviewed the service you're receiving?
Many owners stay with the same property manager for years simply because changing agencies can seem difficult. Over time, unanswered emails, limited communication, missed maintenance or a lack of proactive advice can gradually become accepted as normal.
Good property management should be more than collecting the rent.
At DownSouth Realty, we believe property owners should feel informed, supported and confident that someone is actively looking after their investment.
Is Your Property Manager Communicating With You?
You shouldn't have to chase your property manager for updates.
Whether it's maintenance, a routine inspection, a tenant request or an upcoming lease expiry, clear and timely communication is an important part of managing your investment.
Consider how your current experience feels.
Do you know who is actually managing your property? Are your calls and emails responded to?
Are inspection results clearly communicated?
Are you notified promptly when something goes wrong?
If you're regularly having to follow up for information, it may be worth reviewing the level of service you're receiving.
Are They Being Proactive?
There's a big difference between simply administering a tenancy and actively managing an investment property.
A proactive property manager should be looking ahead.
That could mean identifying an upcoming lease expiry, reviewing the property's rental value, noticing maintenance during an inspection or discussing preventative work before a small problem becomes an expensive one.
You shouldn't only hear from your property manager when something has gone wrong.
When Was Your Rent Last Reviewed?
Rental markets change, and the achievable rent for your property can change with them.
Regular market reviews help you understand how your investment compares with similar properties currently available and recently leased.
Importantly, this isn't about automatically increasing the rent whenever possible.
A good property manager should consider the local market, comparable properties, the condition of your home, the existing tenancy and applicable WA tenancy requirements before providing a recommendation.
The important thing is that the conversation is actually happening.
What Are Your Routine Inspections Telling You?
Routine inspections shouldn't simply be a collection of photographs.
They are an opportunity to understand how your property is being maintained and identify anything requiring attention.
A useful inspection report should give you a clear picture of the property's condition and highlight maintenance or areas that may need monitoring.
For owners who live interstate, overseas or simply some distance from their investment, this becomes particularly important.
Is Maintenance Being Managed Properly?
Every property requires maintenance eventually.
How that maintenance is handled can make a significant difference to both the owner and tenant experience.
When maintenance is reported, you should understand what the problem is, whether it requires urgent attention and what action is recommended.
Good maintenance management is also about protecting the property over the longer term.
Ignoring a relatively small issue today can sometimes result in a much larger repair tomorrow.
Do You Feel Like Your Property Matters?
Large agencies and small agencies can both provide excellent property management. What matters is the service you're actually receiving.
You should feel confident that your property manager understands your investment and your priorities as an owner.
Property management shouldn't feel like your property is simply another address in a portfolio.
At DownSouth Realty, our approach is built around personalised service, straightforward communication and local knowledge.
Can You Change Property Managers?
One misconception we regularly hear is that changing property managers is complicated.
In many situations, the process can be much simpler than owners expect.
Your existing management agreement will determine the applicable termination requirements, so this should always be checked before making a change.
Once the appropriate notice has been provided, the incoming property manager can generally coordinate much of the handover process with the outgoing agency.
This can include transferring relevant tenancy documentation, property information and other records required for the ongoing management of the property.
Your tenant doesn't necessarily need to move out simply because you change managing agencies.
You Don't Have to Wait Until Something Goes Wrong
Reviewing your property management doesn't mean you're unhappy with your current agency.
Just like reviewing your insurance, mortgage or other professional services, periodically reviewing your property management can help you understand whether you're receiving the service and value you expect.
Ask yourself one simple question:
If you were choosing a property manager today, would you choose the same one?
If the answer isn't an immediate yes, it might be worth having a conversation.
Looking for a Fresh Approach to Property Management?
DownSouth Realty provides residential property management services across the South West, with a focus on local knowledge, proactive management and personal service.
Whether you're considering changing property managers, purchasing an investment property or preparing to rent out your home, we're happy to discuss your options.
There doesn't need to be any pressure or obligation.
Sometimes it's simply worthwhile getting a second opinion.
Thinking about changing property managers? Contact DownSouth Realty for a confidential discussion about your investment and how we can help.
