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Recommended property manager in Kingswood area

Discussion in 'Property Management' started by stevenn, 1st Nov, 2015.

  1. stevenn

    stevenn Member

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    14th Oct, 2015
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    Location:
    Sydney
    Appreciate if someone can recommend an experience and thorough PM in Kingswood. First IP for us

    Any advice on the search of PM or general property managing is appreciated

    Many many thanks :)
     
  2. Xenia

    Xenia Adelaide Property Manager Business Member

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    21st Jun, 2015
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    2,342
    Location:
    4/136 The Parade Norwood, South Australia
    What state?
     
  3. WestOz

    WestOz Well-Known Member

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    Location:
    WestOz
    Ted Bullpit's the first thing that came to my mind :)
     
  4. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Century 21 Penrith is who I use for that area, very good
     
  5. Sk71

    Sk71 Member

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    Location:
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    I use Century 21 Penrith as well - haven't had any problems.
     
  6. bob shovel

    bob shovel Well-Known Member

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    I'm use jim aitken. No issues
    @DaveM do you deal with multiple PM's or have one dedicated pm?
     
  7. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Primary and secondary PM's assigned, they manage multiple for me
     
  8. stevenn

    stevenn Member

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    Sorry for not stating the State and thanks for all the replies. Kingswood NSW it is

    A newbie question but I wonder how things work, will rental be kept by them in some form of trust and remit at later dates or can it be credited to the offset account? Or is there any way I can do to maximize the use of offset account with this rental income

    Cheers!
     
  9. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Rent is held in trust and disbursed fortnightly for me
     
  10. D.T.

    D.T. Adelaide Property Manager Business Member

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    Location:
    Adelaide, SA
    Agents have 2 bank accounts, a trust account and an operating account. Rent goes into trust account (because they hold it on 'trust', it doesn't belong to them).

    Each fortnight or month, agents send out the rent to your nominated account, minus their commission and any bills that were paid (eg maintenance, council rates, etc).
     
  11. stevenn

    stevenn Member

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    Thanks guys. What rate am I expecting to pay for management fee? Is it negotiable and is it an accepted practice to shop around and ask for rate match? My aim is not to squeeze anyone and get a cheap rate but more like finding the balance between service and fee
     
  12. D.T.

    D.T. Adelaide Property Manager Business Member

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    Location:
    Adelaide, SA
    Very similar to bank interest rates in a few ways:
    - Negotiable if you have a few loans (houses)
    - Not very important compared to service provided
    - Can propel or hold back your investment journey if you let them

    I'd rather find someone your willing to work with. A good PM deserves as much a seat on your professional team as does an investment savvy broker, accountant, conveyancer, etc.
     
    stevenn likes this.
  13. bob shovel

    bob shovel Well-Known Member

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    True dat

    I had a great pm but she recently moved offices so it's over to a few PM's who share the load. Not a huge fan but they seem a bit slack compared to my old mate

    I pay 7% plus postage and some other bs,makes it just under 7.5%
     
  14. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Postage? Don't they email your statements? :p
     
  15. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I pay 6.6%
     
  16. bob shovel

    bob shovel Well-Known Member

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    They do! Someone should look into that further.... They post a Christmas card which is lovely
     
  17. York

    York Finance Broker Business Member

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    Location:
    Sydney
    Southlands Estate Agents. Very happy with them.
     
  18. morgzzz

    morgzzz Member

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    21st Jun, 2015
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    Location:
    Sydney
    PM me if you need to know who to avoid!!!

    We have just this week moved our Kingswood property to another agent who is about 20min from the area.

    We moved to consolidate our properties together, but in the process we lost the tenants who appeared to be slobs, but due to lack of communication, lack of inspections we were none the wiser.