The property market of today is both complex and demanding so choosing a professional and trusted property management service is more important than ever. You need a business with lots of resources as their disposal and the best knowledge of the property market. Here are a few things to consider when shopping around for an effective management service:
Great Local Knowledge
Make sure that you choose a company that can demonstrate excellent local expertise in terms of market rates and the differences between neighbourhoods. They should also have first rate legal expertise and lots of experience in your area. For Dublin Property Management, visit http://clients1st.ie/.
You should seek to find out where and how your property will be advertised. You will want to be reassured that the company is using online tools, local papers and bright, effective signage. This should all be put into action within a matter of days of signing the contract.
Access to Reports
Whenever you want to view documentation about your property, you should be able to see it straight away. Ask for instant access to vital information like accounts, fees, inspection results and maintenance costs. You’ll also want to know if there will be online access to photographs of the property and any other details you might want to know, no matter what the time of day or where you are in the world.
Cost Effective Maintenance
It’s important to find out if the company is strong enough to be getting national discounts from service contractors. If not, then you may find your maintenance costs ballooning. Any discounts they are able to secure should be passed on to yourself and not pocketed by the company. One sign of a professional outfit is one that pro-actively seeks out preventative maintenance and cost-reducing repairs wherever possible.
Nobody likes to discuss money but in this business, it’s pretty important. You need to ask how quickly you will be sent your rent payments, if there are any electronic options, which you should expect in a modern service and an explanation as to exactly how the trust accounts operate?
You need to feel confident that the company you choose has demonstrable experience in all matters relating to property management. This includes leasing, legal issues, accounting, marketing, maintenance, enforcement and inspections. Don’t be afraid to ask questions about the depth of expertise available as a service without adequate resources might result in a costly mistake for you.
The cheapest is not always the best in terms of long-term issues caused by an ineffective management service. What you do want though is a fair price and no nasty surprises in the form of hidden costs. For the best long-term returns on your investment, choose a service that offers everything you require, which is worth paying the price for and demand that all costs are fully explained to you at the start.