Finding the most suited person to manage your property is crucial if you want your investments to be successful in the long run. Not only should that person be efficient at doing property management related duties but he or she should also be someone whom you can trust confidently, especially if you are willingly leaving your properties to this person’s care.
Managing your investments could go either bad or good, and common wisdom would say we all would like for the latter to happen. Tapping outside help by having someone manage your properties is a big decision to make in itself hence it is ideal for you to conduct a personal research first before choosing one. Keep in mind you’d want nothing but the best for your properties. A little bit of homework won’t be too stressful!
You would want to look for an ideal managing agent with notable qualities such as excellent organization skills, honesty, and ample experience. But before you could proclaim you’ve found the ‘right’ one to manage your properties, you have to immerse yourself first through the selection process to sift through the roster of Singapore property managers.
Word-of-mouth recommendations still matter in the advent of technology and online blog posts. You are likely to find one of the best property management in Singapore through personal recommendations from people you know; a loved one, a friend, or a co-worker. Conversing with real estate agents and other property owners around may also lead you to some great options.
Enlisting the names of their condo manager or the property management companies they are currently under is ideal. Take note of the factors that they have been happy with, as well as the problems and inconveniences they’ve encountered. This will grant you a glimpse of what you can expect from their services.
Referrals can get biased, though, which is why it is important to get plenty of referrals from various sources. If you can see similarities between what have been said about a certain manager or company, may it be of positive or negative light, chances are it is true.
Do an online search
We live in a modern age where a single click in the search engine can yield hundreds and thousands of search results. This makes research a whole lot easier, especially when you’re narrowing down your choices of potential hires for estate maintenance. There are a number of websites to cater your searching needs like AllPropertyManagement and T-Rex Global which generates a list of property managers and companies available in the area.
Reviews contributed by other people are also beneficial to read on. This would save your time before you proceed with personally interviewing a managing agent at your discretion. See what kind of rating the manager or the company got at an average, and research whether there have been any complaints filed against them.
Check their current work
You can get great information by checking out the actual properties a specific manager or property management company handles. Observe if the properties are clean and well-tended after, because they are likely to care for your properties the same way. It is encouraged as well to get the opinion of tenants to offer a personal perspective on the way the property is being managed.
Some of the questions you could ask them are as follows, are the complaints and maintenance repairs addressed? Is the building cleaned on a regular basis? How long does it typically take for the manager to fix certain issues? These are only some of the questions you can ask to find out if current tenants are satisfied with the performance of the estate maintenance.
Review their license and other certification
A managing agent typically holds a property management license similar to that of a real estate broker’s in order to show someone around vacant apartments. Trade organizations certify certain managers and companies who have completed a tough training program. Certain courses are offered in order to educate a condo manager in regards to what he or she needs to know about property management, as the broad field covers a lot of aspects.
However, just because a manager has paid to get certificates of completion does not instantly mean they are putting into practice everything they have learned. You also need to learn how to look at the whole picture first before choosing a property manager.
Interview several managers
Screening potential property manager hires will offer you room for comparison, especially in order to find a specific one you are most comfortable with in trusting your properties. By conducting interviews with several prospective agents, you are likely to separate the good from the bad. You will be able to point out those with real knowledge and deliberate planning skills from those without.
Candidates who are receptive to your questions during the interview process are ideal hires. Those who are keen on putting their best foot forward during the interview are likely to impress if you give them a chance to prove themselves in tending after your property.
There is no shortcut when it comes to landing the best estate manager in the area. You have to immerse yourself in the whole deliberation process if you want to leave your properties in good hands, and most of the time that requires a lot of effort, patience, as well as time on your part. All of your efforts won’t be in vain, especially not when a good property manager is the key you need to allow your properties to prosper.