Property Management Companies In Johannesburg – Are They the Answer to Your House Managing Problems?
Property management companies means exactly what it is; control, or management of a certain property on behalf of an owner. This industry has expanded in the last years bringing about the need of more project managers. If you are looking into working as a property manager, there are certain skills and attributes that you should take into consideration. Remember that as someone who manages properties, you will be given the sole responsibility of entrustment that is why if you are serious in joining this industry; you should have the following traits.
1. Knowledgeable with the governing laws. A good manager is one who understands and is knowledgeable about the many laws and ordinances of a specific area. This is important so as to avoid any conflict with regards to the management of real estate and other properties. Certain laws may vary from cities, which is why understanding them and knowing how they work will best work to your advantage. It is always good to be in the know.
5. Willing to grow. You should not only limit yourself to a particular field. Bear in mind that the industry of property management will only grow in the next couple of years due to the fact that more and more people are expanding their properties. As a good property manager, you should be able to ride the tide of property management and consider your professional growth. This will not only be beneficial in terms of your career but will also reflect on the kind of service you deliver.
When considering working in the property management, it is always best to review your skills and qualifications in order for you to assess your personal capabilities. Bear in mind the above characteristics, in order to be a great property managing company.
Characteristics of a Good Property Manager
I can not tell you how many times in the beginning of my property management career a prospective tenant called and caught me unprepared. I quickly learned I saved 5 to 10 hours a week and rented more houses by being well prepared. Here are my best tips.
1) Application Forms
A property manager should carry at least 50 blank rental applications with him at all times. Quite often, you will find yourself listing a new rental house and have no applications to place in the kitchen. You want to have applications in the house so you are not always running to your car during a showing.
The property management company should also have the rental application saved on the computer in a format that can be emailed to your clients quickly. You do not want to limit yourself to just faxing or having them pick up the form from you. This is very quick and painless.
6) Pens and Business Cards
It is embarrassing to not have either one on a listing or leasing appointment. Professionalism is found in the details.
7) Organizer to Carry Everything
You can buy an organizer at Office Depot or Staples that can store all the items listed above. Some people prefer a briefcase but I personally use a black plastic box with hanging folders. Use whatever suits you but just have it all in one place in your car
Note: A prepared property manager will create an automatic task in Outlook or a Day Planner to refill all the items once a month. Getting organized is useless for your property management company, if you do not have a follow-up system to ensure you stay organized.
What Can You Expect From a Property Manager
During winter and rainy months property manager and professional property management companies need to be mindful of potential water intrusion problems with each and every property in their portfolio. Many buildings start leaking right after construction, but do not manifest the water intrusion and building damage until years after the leakage has started. Water intrusion can lead to structural damage, rot, mold, termite, sick building syndrome and eventually significant mitigation repair costs. A prudent property manager will spend time during periodic inspections of the property to help prevent these issues from occurring and also ferreting out any existing and ongoing issues. A property owner should expect nothing less from their property manager.How Serious is Water Intrusion in Buildings?Every year hundreds of millions of dollars are spent investigation, diagnosing, repairing, and mitigating water intrusion problems in all types of buildings. Interior environmental problems such as mold can occur if the conditions are ripe, water intrusion occurs, and the interior mechanical systems do not mitigate the moisture creating a potentially toxic concoction and subsequent mold production. The mitigation efforts required after a mold infestation are significant including usually displacing any occupants of the building. The environmental companies must scrub down the interior, must prevent mold spores from moving from room to room, and must remove and clean interior components which have become contaminated. This is not a small effort, nor an inexpensive one.Speed is Critical in Mitigating a Leaking Building?Even though a property manager cannot prevent all of the possible water intrusion problems with a property they can be mindful of the potential areas which are susceptible to leakage and monitor those areas during their periodic inspections. The old saying an ounce of prevention is worth a pound of cure is never as true as in preventable water intrusion problems. Prudent property managers spend significant time during their periodic inspections of their properties to help their owners from having to deal with water intrusion issues. Ultimately this leads to a greater return on investment for the property owner which is the ultimate goal for the property management company.