The best property managers in Wagga

PRD Wagga offers some of Wagga’s most recommended property managers. Photo: PRD Wagga.

A new investment property purchase brings home a few universal truths. Whether you are new to the journey or the owner of an expansive portfolio, you are likely to have a few things in common.

First, a significant sum has been seeded into the purchase of the property itself. Second, the need to have it tenanted will be a high priority. And finally, a realisation of the administrative workload that could come from managing this property oneself.

Indeed, building wealth through property has long been the Australian dream. Our unique property market presents enormous opportunities for those seeking an investment that is ”safe as houses”.

Yet, there is more to overseeing an investment property than meets the eye. While it is tempting to adopt a set-and-forget approach, maximum returns will only be achieved through careful planning.

While the option to self-manage is certainly possible, many investors elect to utilise the services of a professional property manager. As registered real estate professionals, property managers work as rental intermediaries between property owners and their tenants. For a fee, they oversee day-to-day administration, from advertising to maintenance.

If you are looking for a property manager to assist with your Wagga property, you have come to the right place for advice. Read on below for some considerations to help assess prospective managers, along with our pick of the best in Wagga.

What makes a great property manager?

Great property managers take the reins when it comes to the daily running of an investment. They are sound market experts who work efficiently to maximise outcomes for investors. The following considerations may be helpful when evaluating potential managers for your property:

• Clear credentials. Great property managers let their qualifications and experience speak for themselves. As a minimum, ensure prospective property managers are registered and have completed a Certificate IV in Real Estate Practice. While a real estate licence is not required for external property managers, it is most certainly preferred. Finally, consider experience, a manager’s tenure in the market, and the number of properties in their portfolio.
• Local market knowledge. In the real estate industry, local market knowledge is critical. From attracting tenants to setting the rental rate, property managers with grassroots knowledge offer investors a time-yield advantage. To assess them, ask a few questions about local vacancy rates, market trends and the locality advantages of your property. A great property manager will even have insight into things such as transport links, retail centres, community amenities, and schools. Moreover, given maintenance requirements, a manager with local trade connections can help to ensure any jobs are handled with care.
• Ready and responsive. When it comes to daily property management, the best teams are ready and responsive. They ensure they are available to take calls, respond to emails, and organise things quickly. A proactive property manager can make all the difference, particularly when urgent issues arise. So, be sure to understand their service-level agreement and what best practice is for them.
• Inclusive services. As with any real estate service, inclusions vary from agency to agency. So, while evaluating potential managers, be sure to understand the full scope of their service offerings. Look for things such as modes of communication, paper-trail standards, turnaround times, and included inspections. Moreover, some services, while available, may incur additional costs. Always consider your circumstances and seek to match a property manager according to your needs.
• Effective communication. While it may sound simple, there is much to be said for a property management team that communicates effectively. Clear, comprehensive and timely communication is essential for both tenants and owners of a property. Equally, this communication should extend well beyond emails. While written notations are indeed important, nothing beats a quick conversation to resolve an issue.

The best property managers in Wagga

Region Riverina has combed through online reviews and comments to compile a list of the most recommended businesses according to you.

To be listed in our Best of Wagga series, each business needs to have consistently received positive feedback on Region Riverina and Facebook as well as maintained a minimum average of 4/5 stars on Google.

If you’re looking for more information on Wagga real estate, check out our article on the best real estate agents in Wagga.

Your experience with property managers in Wagga

Thanks to our commenters who have provided insightful feedback. If you believe we have got it wrong, please let us know.

Have you had experience with any of the property managers listed above? If so, share your feedback in the comments below.