10 traits that make the best property manager?

What makes the best property manager? There are lots of things you need to be a property manager but what really matters. Below are our Top 10 traits of the best property managers.

1) Experience

Nothing beats experience when it comes to property management. In property management each day can bring a range of different situations and unexpected challenges. That’s what makes the job so addictive — the excitement. Most of the time intelligence and common sense will get you through but in those unique once a year occurrences then experience is what counts.

2) Strong communication SKILLS

A great property manager will have exceptional written and oral communication skills. They will be able to communicate to owners and tenants what’s happening at a property at any given time. Clear, and concise communication will minimise disputes and keep both owners and tenants happy.

3) HIGHLY OrganisED

Property management is a set of complex processes and procedures. A property manager will be simultaneously marketing a property, managing inspections , and planning maintenance & repairs and much more. They need to have good systems and exceptional organisational skills.

4) Knowledgeable about real estate investment

Investors want to know that their properties are being managed by people who understand the intricacies of investing in property. They want to feel secure that the property manager has the owner’s best interest in mind. To be able to do this they have must understand the expenses around property investment (and not just mortgage costs), negative gearing, yields and more.

5) ONE EYE OF REGULATIONS

The ongoing regulatory changes make it imperative that all property managers continue to learn and grow. At Dunedin Property Management we are a partner of TPS, we continue professional development with RealIQ, and adopt the best practice as stipulated by the Leading Property Managers Association (LPMA) and Property Managers Institute of New Zealand (PROMINZ).

6) innovative

Technology plays a big part in property management in 2020. In particular, the internet offers a myriad of new tools that can be valuable or just a time waster. A good property manager needs to analyse the cost effectiveness of any innovations and adjust their systems accordingly.

7) Hardworking

Property management is a busy-ness sector. On-call is the standard for most property managers. There are constantly things that need doing and even when we are super organised we still need to work on the weekend and at unexpected times.

8) Patient and understanding

Shit happens. That’s just par for the course. Property management is just going from one stressful problem to the next. A good property manager is able to remain calm under pressure and be patient and understanding of those around them. A good listener is essentially to be patient and empathise with tenants.

9) A love of wine

Work hard play hard is the mantra in property management.

10) A love of dogs

When we finish our work and head home to rest and rejuvenate who is there to support us?

The last two are obviously a bit tongue and cheek but there is some truth in it all and they relate to number 11: Have fun. Life is too short to hate your job. It has to be enjoyable and rewarding. Property manager offers all that and more for the best property managers.