Articles of interest

At Time Conti Sheffield, we like to keep our customers and clients updated with relevant and timely information. To ensure your up-to-date with the latest information, we have provided a series of articles on property management and the real estate industry as a whole. Please contact us at our Victoria Park office for more information on anything you read here.

Property Management

Top Tips When Choosing a Property Manager

Once you have found the investment property that you intend to purchase, there are many things that should be considered for every property investor.

When thinking of appointing a property manager to manage your property, many property investors initially think that the fee is the first and main thing to take into consideration.

Of course, we are all price conscious these days and it would be unwise not to take your property manager's fees into consideration. However, when viewed in the context of the dollar value of the management fee annually compared with the sale value and capital appreciation of your property, a capable and professional property managers fees are a modest tax deductible expense.

All too often, property investors fall into the trap of appointing a low fee property manager with the thought that this is a saving. In fact is it false economy as there are a myriad of factors that must be considered when appointing a property manager. A low fee property manager may, at the end of the day cost you money through extended vacancy, the inability to train and be aware of industry trends and legalities and being unaware of how their actions impact your bottom line.

Before appointing a property manager, ensure these questions are answered:

  • Are they aware of prevailing market conditions and tailor lease terms to meet the peaks in the leasing cycle? A standard lease term my cost you dollars by ending at the bottom of the leasing cycle.
  • Has the property manager asked about your investment goals and expectations? A good property manager should be aware of your needs and expectations in for your investment to reach its full potential for you.
  • What advice have you been given about compliance and legalities that are imposed upon property investors before they lease a property? Not being aware of your obligations can expose you to legal action and compensation.
  • How have they determined a market rent and how often are rents reviewed?
  • Have you been informed what may need to be done to the property so you can realise its full income earning potential? 


When appointing a property manager, don’t dwell on fees. Look and ask questions about how the property manager can maximise your income and minimise the expenses of your investment property.

Courtesy of LPMA

Time Conti Sheffield
Real Estate Agents

Address
338 Albany Highway
Victoria Park 6100
Western Australia, Australia.

24 hours telephone
61 8 9362 5333

Facsimile
61 8 9362 6999

Email
cknight@timeconti.com.au

Person in bona fide control
Paul Conti

Opening Hours
8.30am-5.00pm
Monday to Friday
(except Public Holidays)

Licensee
Sheffield Estates Pty Ltd T/C
3329

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