We have previously questioned the relevance and validity of property management statistics often cited by agents, including the "Number of properties leased this week", "% of properties occupied" and "Number of new management agreements signed".
Each of these stats are great for a quick Facebook post or a stylish icon in a glossy ad, however you need to look deeper to determine what these figures mean to you as a landlord (if anything). Now, we are seeing questionable statistics appearing regarding rental arrears performance, and we wanted to raise some key points to consider when next you are presented with a company's arrears status.
You will often see property management companies promoting their business using statistics. The most common are along the lines of "# of properties leased this week", "% of properties occupied" and "# of new management agreements signed".
At a glance these statistics sound great and seem to portray the success of the business. But let's take a minute to actually break this down and consider what each property management statistic means, and how relevant and valuable this really is to a landlord.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Newcastle real estate agent offering expert property management across Newcastle and Lake Macquarie.
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