In a word “Yes” You can change property management companies. Choosing the right property manager is far more important than choosing any property management company.
One of the most common mistakes that landlords make is overlooking the possibility of a property management company. That’s not to say that all landlords require one, it certainly does depend on the individual circumstance, but in the most part a property management company will be unparalleled in ensuring that you adhere to ever changing legislative requirements, keep the occupancy rate as close to 100% as possible and ensuring the property is a profitable as possible.
Although property management companies ordinarily manage a property in its entirety, from finding tenants, sidestepping legal landmines and collecting rent. It is now not uncommon for a landlord to take on some of the responsibilities and use the Property management company to offer consultancy and day-to-day advice.
If you’re not getting what you need from your property management company, it’s important to understand what a property manager should be doing on your behalf.
What does a property manager do?
The primary responsibility of a property manager is to the asset itself, it is their responsibility to ensure the property is kept in a suitable condition, to facilitate any upkeep required and to ensure that the property and the respective tenancy agreement is kept within all legal requirements.
Due to the nature of the property market, laws and regulations are changing constantly so it’s vital that if you are renting a property out, either for residential or commercial use, that you keep all aspects of the property, tenancy and occupancy within the letter of the law.
For some landlords this can be a daunting prospect, which is why they opt for an expert property manager to undertake this onerous responsibility on their behalf.
Although there are many facets to the role of a property manager , the main purpose they serve is to ensure that the best possible financial return is achieved on your property.
Finally having a property manager removes liability from the landlord, there have been various horror stories across the country about landlords facing both civil and criminal lawsuits because of illegal actions conducted inside their properties by tenants or facing prosecution due to not correctly discharging provisions set out in the tenancy agreement/lease.
How do I change property managers?
If you are unsatisfied with the service your property manager is offering, it’s important to understand whether or not they are meeting the provisions that they agreed to manage, it could be a simple error in communication.
If the incumbent management company has broken any terms set out in the contract or broke any PRSA (The Property Services Regulatory Authority) Rules – then changing could be extremely simplistic.
If you have exhausted all options and you are set on changing , the KPM GROUP is a good resource to help. KPM can review your contract and advise you on how, when and if you can change your management company.
Property Management Company Dublin
If you need any advice on how to change management companies or if you have properties you would like advice on managing, the KPM Group can help.
We have an experienced team who can either advise or project manage changing companies, or if you do not have a company in place can talk you through the process of facilitating one.
KPM Group has helped countless landlords free themselves from the day-to-day management of their portfolios and trust us to deliver the maximum return on investment while providing quality property management services.
If you would like to speak to us here at KPM about your portfolio, then get in touch today, and a staff member will be happy to help in any way we can.
