Building a portfolio for your future is a smart idea. Though if you don’t have the right help to manage it, it could become your worst nightmare and an expensive exercise. So how important is it to think about your property manager once you’ve purchased?
A lot of people are usually so happy that they’ve bought, they forget about everything else they need to do. It’s very easy to just let things go because everything is already in place and you don’t want to spend anymore time thinking about property. But in doing so, you don’t know who is looking out for you and managing your future income.
After you purchase, you should always begin the process of interviewing property managers. Always start with the current manager and even if they seem great and have a good hold on things, make sure you speak to a couple more. It’s important that you exhaust all avenues and ensure you find the best property manager to look after your future. You’ve got time during the settlement period and by the time you take possession, you’ll be set ready to go and you won’t have to think about it anymore.
Always remember that all properties are a major asset and can set you and your family up for life if done correctly. Don’t treat the decision of your agent as an obligation or a nuisance. Take the time to find the right agent and agency that will always have your interests at heart. The right choice of agent will save you money and give you the peace of mind going forward.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.