Property Management – Calabasas

10 Questions to ask your Property Management Agency

Finding a good property manager can mean the difference between a trouble free investment property and an ongoing nightmare. While many investors put a huge amount of effort into finding their investment property, they rarely spend the time looking around for a good property management agent. A good property management team offers you piece of mind that your biggest investment is safe and yielding its maximum return possible.

Too many landlords choose property managers on fees alone. This is very short sighted. A good, thorough and competent rental agent will save you money on your investment by only renting your property to good, reliable tenants and ensuring regular rental increases so maximise your properties rental yield.

Some property owners even try to manage their property themselves assuming that property management is simply collecting rent. Property manager’s job is much more than this. A good property manager should:

•        Understand the real estate market and marketing your property effectively.
•        Price the rent on your house/unit/apartment correctly to quickly rent it.
•        Do thorough checks on tenants ensuring only A1 renters lease your property.
•        Draw up a comprehensive lease to protect the landlord.
•        Lodge a bond on your behalf to the authorities
•        Handle all repairs on the property, using only qualified tradesmen.
•        Pay insurances, council rates and outgoing on behalf of the landlord.
•        Keep up to date on complex and constantly changing legislation.

Below is a list of 10 questions you should ask your property management agency before signing up for their services.

1. Is your real estate agency a specialised property management firm?
2. Does your agency have local property management knowledge and experience?
3. Will I receive regular updates on my property?
4. Will I be assigned one dedicated property manager to deal with me and my investment property?
5. Will my property manager attend court on my behalf?
6. How many properties will my property manager be managing? Less than 100?
7. Does your agency make regular rental increases on my property, so that my profits are maximised?
8. Is the managing director/rental agency owner involved in the property management agency on a day to day basis?
9. Do you do thorough checks on potential tenants to avoid my house/unit being rented out to bad tenants?
10. Is your agency up to date with the latest internet advertising media so as to maximise my properties exposure and keep my vacancy rates to a minimum?

Carnahan Property Management would answer yes to all of the above!

1. Many agencies offer ‘property management’ as an after thought to the sales department. We are a specialised property management agency focusing 100% on rental properties, we are proud to say that we are experts at managing investment properties. Furthermore, we have won real estate industry awards for our service.
2. Carnahan Property Management offers a dedicated rental service to Calabasas. Our team has years of experience in Calabasas.
3. Our property management firm has a very strong policy on communication. We are aware that we are managing people’s biggest investments and ensure that we keep our clients up to date anything to do with their property.
4. Yes, all our clients are dedicated one and only one property manager to deal with. There is no running around in circles trying to find out who is actually looking after your property. We create an open forum between the owner and their specific property manager.
5. We are employed on your behalf to do anything and everything that is needed to manage your property, including attending court if need be.
6. At Carnahan Property Management our policy is for no one property manager to be looking after more then 100 rental properties. This ensures that all clients are managed effectively.
7. We are aware that rent is an integrate part of your investment. We will make regular rental increases on your house/unit or apartment so as to maximise your investment properties returns.
8. Yes. Our managing director, Michelle Galletti is in the office on a day to day basis ensuring that all is running smoothly.
9. We have all heard horror stories of bad tenants, your tenant is part of your investment team, they are integral to your property holding and improving its value. At Carnahan Property Management we are very thorough with our tenant checks, we provide you with a detailed background check as well as several reference before renting your property to that tenant.
10. Carnahan Property Management makes use of all the latest internet advertising options such as facebook and twitter to maximise your properties exposure, ensuring a minimum vacancy rate is achieved.

Make the smart move.