Hi everyone, I am not yet in the position to invest in real estate, probably cos I spend too much on books, anyway, I am looking for a new job and came accros the idea of becomming a property Manager. Has anyone ever been one, can they give me any advice? I thought it might help me to build my own IP business/portfolio.
Gee Scullie, tough job.
We deal with hundreds of PMs in the course of our business – arranging inspections for tax Depreciation Schedules.
Average tenure seems to be around 18 months.
I’d say most PMs would breath a sigh of relief if they get through a day without having a run-in with an owner or a tenant.
Having said that, it’s the obvious way to enter the RE business.
Of the major groups, I believe Ray White in Qld and NSW have the best PM training and assistance.
If you’re in NSW, send me an e-mail and I’ll give you the e-mail address of the person who does all the PM recruiting for that state.
Hi Scullie,
PM is a great way to break into the RE buisness and get a grounding in the day to day running of an investment property. If your in Qld check out:
http://www.reiq.com.au/careerInfo/courses.htm
Our office has a rent roll of around 900 so we currently employ three PM’s to handle the owners, tennants and arrears. The upside is their job can be really rewarding (vendors sometimes send in hampers and chocolates to say thanks) on the flip side they have to deal with irrate tennants who are behind in rent etc.
If you want to go ahead with applying you can do the courses through TAFE or The REI of your particular state.
e x
Hi Scullie
Been there done that, so I don’t mind warning anyone – definately the most hard won experience ever. My suggestion is to put a toe in the water before taking the plunge – how ? make arrangements to spend a few days with a PM doing property inspections and Tribunal appearances, the PMs would almost certainly appreciate the company. Inspections and Tribunal hearings are very enlightening. Inspections would give you the opportunity for lots of questions. Read the Residential Tenancies Act ad nauseum. It’s a start.good luck
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi EMCDONALD
Something doesn’t add up here.
If the properties are meant to receive 4 inspections per year, then your 900 properties divided between 3 PMs means 100 properties per PM each month, seems a lot. Doesn’t add up, so do some properties miss out or does someone else do the inspections ?
cheers [confused2]
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
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