Money Magazine

Right in the middle

Q What should landlords expect from good property managers?

A great property manager will possess four key characteristics. With state-based training now a requirement for property management licensing, a great manager will have a baseline understanding of the minimum standards of quality and accountability to be upheld; good communication skills; organisational skills to handle with ease the coordination of multiple conflicting priorities and projects; and attention to detail.

In addition, landlords should expect a good property manager to properly and thoroughly screen tenant applicants from the outset, adhere to the letter of the law in terms of processes, procedures, paperwork and timing stipulated in the relevant tenancy legislation, in order to protect the landlord’s interests when inevitable tenancy issues arise, ensure all communications are backed up in writing – the adage “If it isn’t written down it didn’t happen” applies here – and identify and communicate likely and potential tenancy issues in advance and have contingencies and management plans in place to cover them when they occur.

BUSHY MARTIN

And what should tenants expect from good property managers?

Good managers should be responsive to any

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine1 min read
Pitcher Perfect
Danish sculptor and designer Henning Koppel created these elegant beauties in 1952, pictured here in mirror-polished stainless steel and Iconic Blue. Mid-century Scandinavian design at its most striking. How much: $485 (silver); $330 (blue) Where fro
Money Magazine4 min read
Money Lessons The Kids Need To Know
My kids switch off when I bring up topics such as superannuation, insurance, spending and saving. I have to choose a time when they are receptive to a dose of parental wisdom, otherwise they claim to be too busy to chat. They are working full-time: e
Money Magazine1 min read
A Time To Celebrate
A quarter of a century ago, a young(ish) buck named Paul Clitheroe parlayed his success with the TV show Money (three million regular viewers!) into print. Money, the magazine you now hold in your hands, was born in July 1999. This month we celebrate

Related Books & Audiobooks