Hi all, new to the forum
Gladstone...get what you can! If you think it's worth $600, it is probably worth $550 and might be $500 by the time the tenant moves in! I'm based in Bris but have a couple properties up that way and so have been watching the market closely.
My experience is that tenants are the problem in this situation or the "agency". We are so quick to blame the poor property manager sometimes, I have been guilty of this myself. I have found going down the line that it turns out my property manager is great but it's the agency processes/procedures that cause her to be unable to provide more to me as a landlord. The property managers are keen and enjoy providing more service, however the agency is a business after all and so the property manager is held back by agency expectations of her as a money-making employee. Just think before you judge your property manager too hard - he or she has the power over whether you keep a tenant or not, whether you see applications or not........just be careful!
Find a property manager who genuinely cares, you can tell in their voice. But at the end of the day, their genuine care may be stifled by the agency. I keep my current manager because she cares.
Gladstone...get what you can! If you think it's worth $600, it is probably worth $550 and might be $500 by the time the tenant moves in! I'm based in Bris but have a couple properties up that way and so have been watching the market closely.
My experience is that tenants are the problem in this situation or the "agency". We are so quick to blame the poor property manager sometimes, I have been guilty of this myself. I have found going down the line that it turns out my property manager is great but it's the agency processes/procedures that cause her to be unable to provide more to me as a landlord. The property managers are keen and enjoy providing more service, however the agency is a business after all and so the property manager is held back by agency expectations of her as a money-making employee. Just think before you judge your property manager too hard - he or she has the power over whether you keep a tenant or not, whether you see applications or not........just be careful!
Find a property manager who genuinely cares, you can tell in their voice. But at the end of the day, their genuine care may be stifled by the agency. I keep my current manager because she cares.