A property manager must be able to listen and communicate, as well as being proactive and involved, up to date and knowledgeable. He or she must also be sensible and witty, pleasant and articulate. For all property managers who are diligently trying to excel, the list of things and things is endless. According to a survey conducted by Buildium, 81% of landlords said that property managers should use technology.
With technology, property managers can do things like find good tenants, keep up with maintenance issues, and track disputes between landlords and tenants. With more than 2 million real estate investors in Australia and more people investing in properties every year, there is a growing demand for the best professionals in the sector to handle the daily management of these properties. A property manager must focus on the details. Property is truly a business, so every penny must be accounted for and documented.
Record keeping and financial reporting skills are a must. When it's time to pay taxes, you'll be happy to have these detailed documents. Meanwhile, zoning laws change frequently, and you'll need to be aware of changes in regulations that may affect the properties you manage. For example, you can attract more landlords if you show the advantages of property management compared to self-managed properties.
A good property manager can have several properties under their management, so it's important to find one that knows how to manage their time and priorities to ensure that all their landlords and tenants are well taken care of.
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