Find & Compare Sunshine Coast's Best Property Management companies!
RealConnect provides a simple and effective way to find & compare Sunshine Coast's best property managers.
We provide quotes from multiple real estate agencies to help you find the best property manager to rent your property or to provide a free rental appraisal.
If you’re here to find a new reliable Sunshine Coast property manager, compare property management fees or to get a free rental appraisal, RealConnect can help you.
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10 Questions to Ask Your Property Manager
Handing over the management of your property to an agent on the Sunshine Coast may be one of the most important decisions you will make as an investor, especially when it comes to protecting, not only the income but the condition and value, of your asset.
Many investors spend their time and effort examining Sunshine Coast property markets and determining what the most profitable investments are.
However, they rarely take the role of a professional property manager into consideration when it comes to maintaining the property’s capital value.
Since the real estate market is growing rapidly, without any shortage of tenants, most landlords overlook developing good relationships with their property managers and choose them based on their fees, rather than the additional services they may offer to, not only maintain their rental income but maintain the on-going value of the house.
The Sunshine Coast Property Market is growing, so when choosing, the first step is collating a list of potential managers.
Leasing your home out doesn’t have to be a hard process, ensuring that the business you deal with always has your best interest at heart, has the experience and acts in a professional manner with great customer service and communication skills.
Look for someone who not only has experience in the property market but the market in the area where your property is located. Also, understand the services offered by investment property managers and ask some specific questions to determine just how well they are going to look after your home, its maintenance, and preservation, for you.
It helps to be armed with some questions that will help you to determine exactly what your fees are paying for and what they are not, and how to ensure you are not only getting good value from your real estate agent but good value for your investment.
Below are 10 specific questions that you should ask the prospective managers:
1. Does the company have a dedicated property management department and who is responsible for looking after your property?
Ensure that the company you decide to work with has a dedicated friendly property management department ion the Sunshine Coast and the staff has some professionals who can work on behalf of the property manager in the case of their absence or illness.
2. Does the director/owner of the agency play the role of the day-to-day management of the property management department?
Due to the fact that most agencies have rental and sales departments, it a wise idea to look for an agency that has its director being involved in your investment property to ensure that seriousness is undertaken in every aspect and they have a good understanding of how their department operates and their communication skills are.
3. How long has the property manager been working in the real estate industry?
This is specifically for the property manager who is going to be managing your house and not the agency as a whole. The number of years that a rental has been in real estate will determine their understanding of all of the property management duties such as inspections and servicing.
4. What duration has the property manager been in an agency?
Check on the number of years that an agent has been with an agency and you are unlikely to have any issues relating to management. Good agencies generally have low staff turnover and if a property manager has been with an agency for a long time, they are more likely to have a good understanding of the way their department is run, the location and their tenants.
5. Does the property agent present a written proposal?
Work with a professional who makes a good impression by presenting a well-written proposal. This will give you a hint of whether the property manager will be able to look after your home or not and the additional services if any, they offer.
6. What geographical region does your property management service cover?
It’s a good idea to look for a manager who has a sound local knowledge of the area that your property is located in. Beyond this, consider how your property portfolio will look in the future. Choose a property manager who will look after your entire investment property portfolio and your future needs and has experience with multiple rentals.
7. Does the property manager attend the property inspection with a tenant or simply hands out the keys?
If you discover that a Sunshine Coast property manager just gives out keys when a tenant inspects a property, then look for another agency. Personal inspection with the tenant gives the agent the opportunity of promoting the property, as well as getting to know the tenant better.
8. What number of properties does the manager look after?
Look for a manager who does not look after a large number of properties. The more properties they have to manage, the less time they will have to devote to your home.
9. Does your agency have sufficient staff to show all of your properties to all interested tenants, six days a week?
Due to the heavy advertisement of rental property over the internet 24/7, an agency must have enough staff to show the property to the tenants at any time. If the agency does not have sufficient staff numbers to be able to do this, you may miss out on finding a tenant for your investment property quickly and easily.
10. Does your agency have a system in place to check the prospective tenants about past rental history, creditworthiness, and their current employment?
It is important to ensure that prospective tenants can not only fulfill their rental obligations but that they have a history of looking after the properties that they live in and maintain positive relationships with both the Sunshine Coast property manager and the neighbours. Make sure that the manager has subscribed to a major tenancy database and is able to screen all prospective tenants carefully.
Choosing the right property management company on the Sunshine Coast is important, and these questions are critical to avoiding unnecessary future problems that can make the rental and leasing process a nightmare for an investor.
Don't forget to ask them all of these relevant questions.
If you’re looking for property managers Sunshine Coast locals know and trust, compare them using our state-of-the-art platform.
Click the button below to get free proposals from multiple real estate agencies on the Sunshine Coast and start comparing…
Common Property Management Fees That You Need To Know
For those new to the Sunshine Coast rental market, property management fees can have so many hidden extras it can be difficult to keep track of them and know what they are all for.
Which ones should you pay for?
Which ones are just extra charges?
These questions should be asked if you want to get the most out of your money and your rental return.
Here are some of the most common property management fees that you should know about:
In most instances, property management commission fees are a percentage taken off the total rental income of the property.
It's perfectly normal for the agency to take the commission off the total rent that is collected from the tenants. Therefore, the forwarding balance already has the rental commission fee taken out of the balance before being sent to the owner.
These deductions are usually a percentage of the rent in total. In the Sunshine Coast area and around Queensland, the typical percentage rate for property management fees is somewhere between 7 to 9 percent.
These commission fees can be negotiated with the agency and reflect the services they include.
Letting fees constitute the work that agent does in order to find the right tenant for the property.
This includes the preparation of the letting documents for the new tenant and finding a tenant in the first place. One thing to keep in mind is that the letting fee may vary depending on the agreed length of stay written into the rental contract.
Fair Trading has defined the maximum allowable fees regarding property management fees, but the numbers could vary, depending on what was specified in the agreement. Letting fees are usually deducted from the first rental payment and are payable to the property manager once the rental contract is signed.
Lease Renewal Fee
A lease renewal fee may be charged by the property management if the current tenants agree to a lease renewal.
This fee covers the costs associated with processing the lease papers. These fees can be deducted as either a percentage of the tenant's weekly rent, or as a one-time, fixed fee.
Property management agencies on the Sunshine Coast may charge a nominal fee called "Administration fees" that you see every month on your statement. This fee covers costs associated with postage, phone calls, and trust accounts.
End Of Year Financial Statement
This fee is charged at an agreed and fixed rate. It covers the preparation of the end of year financial tax statement.
The property management agency may see the need to advertise your property via print media or on the Internet in order to fill the tenancy.
The advertising fee is usually charged at a fixed rate and depends on how the property is promoted and advertised.
Repairs and Maintenance Fee
Property management agencies may charge a maintenance and repair fee where needed. This type of fee is not added automatically – property owners should sign a written agreement defining such maintenance work and repairs. In this agreement, you can define what sum is an acceptable amount to be authorised without approval.
For instance, you may approve for the property managers to undertake necessary repairs for under $200 without approval. If the repairs are more substantial you may specify alternative instructions.
This allows managers to act in the event that you are unavailable for approval or in the case of an emergency.
Maintenance and repair fees are important as it ensures that your property is maintained and any issues are addressed, especially in the situation where it may compromise the safety of the tenant.
Allowing these automatic repairs are very helpful if you aren't personally based on the Sunshine Coast as it allows you to get your property taken care of without traveling.
Holiday Accommodation Fee
Holiday accommodation fees may vary slightly from normal property management fees.
As occupants may change more frequently, there may be additional fees or commissions as well as booking, cleaning and maintenance fees, depending on what is offered as part of the rental agreement and the terms and conditions.
We hope you found this information useful and don't forget if you need help connecting your rental property to the best property managers available, use RealConnect's free service to compare your locals.
Here at RealConnect we aim to simplify and streamline the process of finding the best property management to rent your investment property. Our online system automatically notifies many of the Sunshine Coast's best property managers of your request upon you completing your application. They'll then get back to you with quotes and proposals, so you can select the right one for you.
How does RealConnect Help Find Your Ideal Agent?
Our goal is to save you the time and hassle of having to contact, speak with, and apply to multiple agencies. Our system is more convenient effective, and efficient, allowing you the time and flexibility to focus on other tasks.
Are there any hidden costs for our service?
No, our service is 100% free to customers such as yourself looking to sell, buy, rent or find the right tenant.
Does RealConnect work in Sunshine Coast?
Yes, it does. We have a wide network of property managers in the Sunshine Coast area ready to help you find the right tenant.
How do I start my property management search?
Getting started is simple. Click on the 'Compare Property Managers' button on this page, and complete the online form. Take some time to ensure you fill your details out as accurately as possible, then once it's ready, click 'submit. We will then notify local property management companies and real estate agents of your request. You will then be able to login to the site and review all of the responses and proposals that agents send through.
How long will it take to hear from Property Managers?
Generally, you will hear back from them within an hour. At times it may take a couple of days to hear back from all of the agents.
Will I find the right Property Manager in Sunshine Coast through RealConnect?
Our goal is to do just that. Most of our users are finding the best property management deals through our system.