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If there is a perception that the value delivered no longer lives up to the fees being charged, it makes sense for a landlord or property investor to reconsider property managers. The best property management company for your property delivers service excellence at a price point that represents and correlates with the value being provided. 2) No correlation between management fees and value for service

If that trust is compromised or eroded over time due to a range of adverse incidents or outcomes, with some possible scenario examples listed below, then it makes sense why a landlord or property investor might start considering changing property managers. Trust is one of, if not, the most important factor underpinning the relationship between a landlord or property investor and a property manager. Here are the top 10 reasons why landlords and property investors change property managers. Why do landlords and property investors change property managers? In fact, when you choose HERE Property to take over the proactive management of your investment property, we take care of the entire changeover process for you.įrom liaising with the outgoing property manager to engaging with your tenant to ensure a seamless transition, we’re here for you. While a switch can seem like a challenging process, the reality is that changing property managers is incredibly easy. Often, it may not even be a single reason but a combination of reasons over time. There are a range of reasons why a landlord or property investor might start considering whether the property manager they appointed might not be achieving this.

When landlords and property investors appoint a property management company to manage their property, they expect that property manager to preserve their property’s capital value while maximising return on investment.

The core duties of a property manager are to market a property, screen suitable tenants, handle rental income and maintenance expenditure, as well as a wide range of other functions. OctoLauren Swinfield Everything you need to know about changing property managers