Hiring a property manager for your holiday home or condo rental is a smart move. You no longer have to deal with the stress of running the place on your own, and more importantly, you can focus on other things in your life as you don’t have to spend much time in the place. However, not all property managers are great at their jobs. And if they no longer provide an excellent service for you and your tenants, it defeats the purpose of hiring a property manager in the first place.

Here are the signs of awful property managers you should look out for:

1. [b]Financial Discrepancies[/b]

Your property manager may be good at managing your rental property, but if they can’t submit a clear accounting paperwork, you should be alarmed. If they can’t account for any financial discrepancies, it is a red flag that you can’t trust them.

2. [b]Lack of Communication[/b]

Apart from communicating with you about monthly revenues and other business concerns, your property manager should also have a good communication with your tenants. If you’ve been receiving emails or phone calls from your tenants about their requests and complaints as they can’t reach the property manager, it is an indication that you should hire a new property manager.

3. [b]High Number of Vacancies[/b]

It is the job of a property manager to market your property effectively to keep all vacancies filled. After all, you need a favourable number of tenants to maintain a consistent cash flow. If the number of vacancies is significantly high, chances are your property manager is slacking off with the marketing or they fall short in keeping your property in a good condition, causing tenants to leave.

Property managers are supposed to make the job of running a rental property easier for you. With them, you don’t have to keep an eye at your place all day long. So, it is significant that you know you can trust them to do well at their jobs without your supervision.

If you need a trustworthy property manager, Laing+Simmons can help you. Call us today to know more about property management services: [b]http://www.lsrealestate.com.au/[/b]