investment property

Four tips to find the right agent for an investment property

When you are purchasing an investment property, you need an agent that you can trust to not only help you with the purchase, but to help you to make the most of your investment through managing rental income.

Here are our top four tips to help you find the right agent for your investment property purchase:

1. Research

You need to know the ins and outs of your agent, as well as potential property purchases or renters. Look at a few different agencies to get a feel for how they operate in your local area. Needless to say, these days, checking on the different strengths and weaknesses of your local agent is as simple as a click of the button. While you can’t take every review as word-for-word advice, you can get some insight about where they focus their attention.

2. Local expertise

The locality of a real estate agent is potentially their most important strength. They know the other homes in the area, rental returns, locality of the best cafes and transportation, and will even have lists of reliable potential tenants for the area.

3. Trust your agent

You need to feel as comfortable as possible with your agent. This person will essentially become the gate-keeper for your property. If you aren’t 100% sure, you may need to either resolve the issues or find another agent. When you are first looking for an agent to manage your investment property, including a purchase, make sure that you can have a chat to the rental manager. If conversation flows and is easy, you’ve got a great start to open and honest communications. As there is a high turnover of staff in property management it is wise to know how long the property manager who will look after your investment property has been in that position.  While you cannot guarantee that this person will stay many more years , it is an indication that the agency treats its employees fairly and increase the likelihood of the next property manager staying more than a few months.  Nothing is worse than a constant change of property manager.  You ant one that knows you and your property.

4. Ask questions

Your property manager is there to act as a liaison. You pay them to look after your property for you. Don’t hesitate to call an property manager a few times during the process of selection. Are they always available and ready to talk? Are they always friendly or do they seem too busy to chat? The treatment you receive now is most likely going to be better than the treatment you receive later, once their sales process is over.  To make your selection you can use the help of AgentFinder at agentfinderservices.com.au  They will provide you with a list of agencies in your area and many information of their property management services.  As a bonus you can ask your questions and they will report back to you their findings.  All you will need to do is select the few  (or the one) you wish to meet to see how you feel about them. You can also let  AgentFinder choose the best one for you, they will explain their choice and  you are still free to disagree, you always are making the final choice .  They can also have a chat with you to help you find the best property management agency if you need more help.

Photo: Homeownership by MarkMoz12 licensed under Creative commons 4
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