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Property Management

Should I choose a local property manager?

It is often asked, should I use the property management department of my a local real estate agency, or should I choose a business that specialises in rentals? The reality is finding the answer to this question can often prove to be a difficult task. Depending on the location of your investment property, there may be in excess of 30 local agencies servicing that area - on the contrary some investment locations have very few local agencies.

There is no research to suggest that a business that specialises in property management will necessarily provide a better quality of service than that of an agency that services both real estate sales and rentals. There are multiple games at play here and assessing individual businesses for their key strengths is the best way. At the end of the day this is done by scoping out the methods and systems used by the businesses you are considering to be an option.