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Things to Consider before Hiring a Property Investment Company

By: Martin Paton | Aug 29 2013 | 397 words | 967 hits

Property managers are very crucial to land owners because a large property investment company has an extensive scale of operations and is able to operate your property if you happen to be a busy landowner. This helps in freeing the landowner with more time to look for more deals in the real estate industry. However, there are certain things to consider before hiring professional property management services:

- An important thing that people look for while hiring professional property managers is the fees. You can ask the property management service in Melbourne regarding their management fee covers, if they will collect the rent on your behalf or deduct their fee from the total monthly rental price. Do not forget to ask after their procedure such as insurance premiums, repairing bills and following expenses that the property might require.

- Hire a property management firm due to their expertise. A few companies might be experienced in operating residential properties, but they might not be aware of managing the commercial property. Hence, it is important to spend time with the manager and discuss their present current class of properties, visit these properties and check them out before speaking to the tenants of the premises.

- An important consideration is the proximity of the management office. When it comes to commercial property, you will find that the management office is always located within the commercial property. This is because it allows them to respond swiftly to complaints that might be made by the tenants. When it comes to residential property, the property management company should have their office located closely to your property for rectifying any problems that might arise.

Hiring professional property managers is always better if you want to free up some of your time for more profitable deals. In fact, this is the best time for you to make an investment in the real estate industry. Property prices have fallen over the course of the last 18 months, as much as by 22% over the last one and a half years.

If you are purchasing now, you are buying in the bear market and this not only means building passive income, but also holding property that will see substantial growth in the long run. Property investments are the best places to acquire good returns on investment, with dividends below 3% as compared to Fixed Rate Bonds, Instant Access Accounts and Cash ISA.

 


About author:
Hiring a property investment company is better as it helps you with eligible property management Melbourne with minimum hassle.
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