A property manager must be able to listen and communicate, as well as be proactive and involved, up-to-date and knowledgeable. He must also be sensible and resourceful, pleasant and eloquent. For all the property managers who are diligently trying to stand out, the list goes on and on. According to a survey conducted by Buildium, 81% of landlords said property managers should use technology.
With technology, property managers can do things like find good tenants, keep up to date with maintenance issues, and track landlord-tenant disputes. Most importantly, when dealing with sensitive business issues or demonstrating assertiveness, you must know your limits and have control over your words. A good property manager always treats others with respect, speaks professionally, and dresses well. With more than 2 million real estate investors in Australia and more people investing in properties every year, there is a greater demand for industry professionals responsible for the daily management of these properties.
A good property manager can have several properties under management, so it's important to find one that knows how to manage your time and priorities to ensure that all your landlords and tenants are well cared for. For example, you can attract more homeowners by showing the benefits of property management compared to self-managed properties. Meanwhile, zoning laws often change, and you'll need to be aware of changes in regulations that may affect the properties you manage. But where do you start? How can you find a high-performing manager? What qualities should you look for? Below are 8 qualities that define a high-performance property manager, which we hope will help you find the right one.
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