Ensure you never miss an issue of the
real estate business bulletin
The advantages of onsite property management

The advantages of onsite property management

by Elly Fraser 0 comments

When property developers market their developments, they need to make the crucial decision of whether to employ an onsite property manager or an external agency.

An onsite manager will maintain offices on the property, while an outside manager will handle all business from another location and visit the property when needed.

What they choose can make a huge difference in the way buyers and tenants perceive the property and its overall success.

From my experience, an onsite property manager will always win, hands down.

I believe they provide a number of significant advantages over an external agency and will deliver the maximum value for the business at the end of the day. 

Onsite property managers, unlike external managers, will never have to worry about missing out on a prospective tenant viewing a property because they have to travel to conduct a property inspection. Being onsite allows them to pop out to the property quickly to show someone through.

Onsite property managers have hands-on knowledge of the development, its selling points and its target market. 

They also possess a thorough knowledge of the local area and the hotspots that attract prospective tenants.

They are more affordable as they have no travel costs. They are the ‘security guards’ of the location and are able to protect their client’s greatest asset.

Onsite property managers conduct regular external inspections, to ensure the presentation of the property is kept to a high standard at all times. 

Onsite property managers have access to appropriate facilities close to the property to ensure that any paperwork, such as reporting or the changeover of tenants, is completed in a timely manner.

Onsite property managers are up to speed with everything going on at the development and will be able to deal with potential issues far more quickly than an external manager.

An onsite property manager that is passionate and knowledgeable about a development and has a strong local network is likely to attract more enquiry than an external property manager.

So if your development clients are looking for an effective, proactive and efficient property management, offering onsite property management services could be the right choice for them.

The advantages of onsite property management
lawyersweekly logo

Elly Fraser is the newly appointed manager of property management for Oliver Hume Queensland. Her role sees her direct and manage the property management interests for the sales team, which currently transact over 1,800 sales in Queensland per annum. She brings to her position extensive experience in the property industry, with prior senior roles at LJ Hooker (Warwick) and Ray White (Nundah). 

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?