A property manager is a professional who manages real estate properties on behalf of you, the owner. Their role is ensuring the property is well-maintained and generating income through rental or lease agreements.
However there are plenty of mistakes that a property manager can make, but some of the most common ones include:
- Failing to properly screen tenants.
- Neglecting maintenance and repairs.
- Poor communication with tenants.
- Ignoring legal requirements.
Your property manager must be diligent, organised, and knowledgeable about the laws and regulations that govern their industry. Failure to do so can lead to serious consequences for themselves, your tenants and you, the landlord.
We grabbed Vanessa Pearce, one of the best in the industry to give us the red flags that you’ll need to look out for.