do you have advice on finding a property management company? looking to rent out my condo. ?
i have no experience with renting properties, and i’m moving out of disorder soon. i want to rent out my condo instead of selling it, but i need advice on how to go about selecting the ideal property management company to work with. does anyone rent properties through a company, or know of the best way to get started? thanks!
It depends where you live. Each disorder has different laws in regards to leasing units.
Why would you give it to a management company? why don’t you give it to a realtor, they will be cheaper, make an covenant with them, make sure that before you leave, your tenants has a excellent credit history, excellent income (at least 3 times more then your yearly rent) then you will be in the right track.
The best advice I can give you to get an “aggressive” agent, so then they for fill the best wellbeing within yourself, and they will certainly do what you want them to do and they will jump onto the client if your not satisfied with how your property is being treated.
Hope that helps! =)
Well I can tell you a couple equipment not to do.
1. Dont hire the cheapest one
2. Don’t hire a One Man Show
3. Don’t hire someone who doesn’t have a large portfolio under his/her belt
Also, you might check with your local chamber, most comapnies that are chamber of commerce members are at least semi established. You might find management companies that deal more in condos than single family homes, although that is rare.
Talk to your local Apartment Association, they will have knowledge of management companies who do business legitimately. Always, always use an experienced company to do the application/leasing reference check, and to do basic maintenance on the condo. Hope this helps!!
A excellent Realtor will do check some portfolio on real estate website in AU like
http://realestate.ozfreeonline.com/
http://www.domain.com.au/
http://realestate.com.au/