Property Management fundamentals - Changing Places


Over the next few weeks we will look at the 14 Fundamentals Of Effective Property Management with Changing Places CEO and Founder, Cameron Fisher.


Cameron Fisher has been in Real Estate for 35 years and over this time he has been a director and owner of both small boutique agencies managing as few as 200 properties to some of the county’s largest real estate businesses managing nearly 4,000 properties. From these experiences, he has learnt a great deal, and now has an invaluable knowledge of property management practices that have seen his property investment portfolio achieve high growth with outstanding returns, below Cameron shares the first of his 14 Fundamentals for Effective Property Management.


One Agent for One Property – providing continuity

I am a firm believer in the notion of the one property manager looking after all property management aspects of your property investment, from tenant selection, to ongoing management including chasing rental arrears, periodic inspections and lease renewal negotiations. This will allow you to have a full understanding of what is happening with your property and provide continuity.


Related Article: How To Find The Best Property Manager


Some companies tend to have a different staff member for different property management tasks; you will have someone who lists the property for management in the first instance, a different member of staff who then leases the property, the person who then manages the property day to day is different again, another person looks after maintenance, another person for tribunal attendances, someone else conducts periodic inspections and on it goes.


I don’t believe in this approach to property management. I believe that it is very important to have one property manager looking after all aspects of your management as they will then have the highest level of understanding about your property: they know the tenants and the difficulties with the property, if there are any. This allows you, the landlord, to have the full picture and a greater understanding of what is happening with your property. You will not be left in the dark about anything, as is the case if you have to continually talk to many different people within an agency. You, the landlord, can call the one property manager, knowing they will provide the answers to all the questions you might have. Again, continuity is critical.


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