If you are reading this page as an investor with a rental property in Newcastle or Lake Macquarie, it is highly likely you have had a tenant in your property who may not be leaving your investment in the clean condition you expect before renting it out to another tenant or returning to the home yourself.
When considering turning a home into a rental property in Newcastle, one of the first questions asked by a new landlord will be "How much will the rental property management fees be?".
As we advise each investor we meet, property management fees should be considered alongside a mix of many other aspects. The old saying "cheapest is not always best" certainly applies to rental property management fees.
Why? Here a just a few reasons (but don't worry, we also answer the question...!).
It's a question as old as property management itself. How many properties should a property manager be managing? How many is too many?
It is not a question we are asked frequently, but from time to time it crops up in meetings we have with investors.
The response to this question was interestingly responded to in the article "How Far Can A Property Manager Walk?". In summary, the idea is that if you were to be asked how far a property manager (or anyone for that matter!) could walk, your mind would be over-run with variables which make it difficult to come to a clear answer. How fit is the person? What supplies do they have with them? What incentive do they have to keep going? What support do they have along the way? How appropriate is their footwear? What are the conditions like that day? And so on.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie.