In Part 2 of our Property Investment Series with Carolyn Jensen from Luxe Property Management, Christine & Carolyn discuss critical insights to help property investors select the right property manager in Southeast Queensland. Carolyn’s advice provides a comprehensive checklist for investors to evaluate potential property managers, ensuring their investment properties are in expert hands.

Key takeaways include:

1. Experience Matters: Understand the property manager's tenure, portfolio size, and management style. Carolyn emphasizes the benefits of portfolio-based management, where a single manager oversees all aspects of a property, providing investors with a seamless and personal experience.
2. Tenant Selection Process: Learn about the tenant screening methods, including red flags and ensuring clear communication between the manager and the investor during tenant selection.
3. Maintenance Management: Modern software solutions ensure that maintenance issues are tracked, communicated, and resolved efficiently. Carolyn highlights the importance of keeping investors informed every step of the way.
4. Fee Transparency: Beyond cost, Carolyn advises investors to focus on service quality. She underscores the value of boutique agencies that provide dedicated support versus lower-cost services that may compromise quality.
5. Legislation and Compliance: Stay updated with legislative changes affecting property management. A proactive manager ensures investors are informed and compliant with evolving regulations.