an efficient property manager
TRANSCRIPT
Is your property manager doing a
good job?
Everybody hire a property manager expecting a good support from him. A property manager has a lot of jobs to do and he should make sure that his clients are satisfied with his work. Every person has own unique needs, and a property manager should have qualities to serve all these different needs.
Following are some of things that will make sure that if your property manager is doing a good job for you or not:
Rents stay unchanged.
If your property rent has been unchanged in quite some time, two things could be the reason. The most common reason is that the whole market area could simply be in trouble. Another possibility of experiencing stagnant rents is bad property management. One of the most important jobs of a property manager is to negotiate rent. A good property manager will be frequently working in a group of bounds and should know the market rent back to front. A bad property manager will insist on lower rents.
Disputes between the tenants and landlord gets ugly.
An excellent property manager should have a good relationship with the tenant and the landlord too. One of the most vital feature of a manager is to make sure that their transactions are relationship based. Problems that occur with tenants can thus often be the responsibility of a property manager failing to communicate properly with the tenant.
Lack of support.
A property manager should have support from a network of other property management professionals. If he lacks this, he may not be able to able to support his clients when they are in trouble.
Lack of repairs and going over.
Just as a needlessly huge repair bill can indicate an awful property manager, the opposite is true also. A generally unskilled or lazy property manager will not commence any regular examination of the property, allowing possible problems to get worse and tenant damage to continue.
Following are some of the qualities a property manager should posses:
Leadership
Ability to pay attention
Accountability
Focus on sustainability
Clearness
Commitment
Responsiveness
Attention to information
Good communication
Fiscal stewardship
Genaro Diaz is the CEO of Nova Eagle Trace LLC, a property management company based in Miami, Florida. Nova Eagle Communities is dedicated to serve its clients with the highest professionalism and devotion. Genaro Diaz has more than 20 years of experience in business ventures. Under his leadership, Nova Eagle Trace, LLC, has built up a high position for the attainment, renewal, financing and administration of multifamily and single family home contracts. http://www.genarodiaz.com