In a recent blog we answered the question, “How do you know your property is being properly managed?” That article prompted a number of questions including, “Am I getting the very best from my property management company?”
Of course, we can't answer that question for you, but what we can do is tell you the services you should expect from a good property management company like Chase Property Management Ltd—we’re expert property managers dedicated to servicing your residential rental property management needs throughout Auckland, North Shore, and Hibiscus Coast; here are four important things you can entrust to us and know that you're getting the best out of your rental property.
1] Property inspections
At Chase Property Management we believe a rental property needs four full inspections per year. This enables us to keep an eye on the condition of each of the properties we manage and take note of any maintenance (or potential maintenance) issues.
If you're currently paying someone to manage your rental property, make sure they’re giving you a report on the property’s condition every three months or so. That way you can be sure any repairs or maintenance issues are taken care of before those little jobs become big ones!
2] Monthly drive-bys – going the extra mile!
Surely you can't tell much from the road? Actually, a trained property management professional like the team at Chase Property Management can.
Each landlord who entrusts their property with us can be assured, where possible, we drive past their property at least once a month. These casual drive-bys are a great way to keep an eye on things like:
3] Rent reviews
This is where most rental property owners struggle. It’s easy when a new tenant moves in but, over time, that tenant can become quite friendly and before long it can become very difficult to broach the issue of a rent increase.
Your property manager should give you a rent review every 180 days (twice a year). That review should:
In a recent article by Bob Walters a seasoned property management expert, trainer and consultant, he details his thoughts and experiences about rent reviews. I feel this outlines some issues with the industry, that we set about to counter act with Chase Property Management, and also highlights a consideration with how high to increase rents. Click here to read Bob Walters Article
If you're asking, “What is a fair rent for a property in North Shore or Rodney?”, Click here for Chase Property Managements last analysis of Auckland, North Shore and Hibiscus Coast rental movements
4] Rent collection
A good property management company will take all the hassle out of collecting rent. As well as ensuring you get a fair rental for your property, Chase Property Management will:
To view Chase Property Management’s Rent Arrears Policy, click here
Make sure you look out for part two of this blog post and discover more about how to get the best from your property manager.
If you want to maximise the benefits of owning a residential rental property, contact Sam and Stacy at Chase Property Management. We’re rental property management experts, servicing the North Shore, Hibiscus Coast and Central Auckland.
Phone Stacey on: 09 213 7445 or email: firstname.lastname@example.org
Phone Sam on: 09 213 7444 or email: email@example.com