Effectively managing your Melbourne investment property is key to growing your wealth, and selecting the right property manager is essential for success. 

A knowledgeable property manager can safeguard your investment and facilitate the achievement of your financial objectives.

Here’s our take on how to choose the right property manager.

1. Choose a Manager with Real-World Experience

Find a property manager who understands your needs as a property investor. Look for someone who has experience both in property management and property investment to ensure they have your best interests at heart. 

Mint Property Management was founded with the goal of delivering better outcomes for investors based on years of industry expertise and a first-hand understanding of the property market​.

2. Prioritise Specialist Property Managers

Property managers who specialise exclusively in property management are better equipped to meet your needs than agencies that also offer additional services like sales or owners corporation management. 

We at Mint Property Management specialise exclusively in property management, ensuring our undivided attention is focused on your needs.

3. Look for Personalised Service

A proficient property manager will adapt their communication to align with your preferences, regardless of whether you favor updates via text message, email, or telephone. 

You will receive regular updates and detailed property reports, as we maintain consistent communication and a personalised approach.

4. Understanding Property Management Fees

Hidden fees can eat into your returns. Choose a property manager with clear pricing so you know exactly what you’re paying for. 

So often, investors are focused on a low management fee percentage, and it’s easy to overlook the additional (or hidden) fees listed by a property manager. Reviewing the full fee structure, including any hidden or ancillary fees, will allow you to better understand your true expenses and the impact on overall rental yield.

We offer a straightforward fee structure with no unexpected extras, such as maintenance add-ons or monthly statement fees​.

5. Value Consistency and Reliability

Consistency is key when building trust. Unfortunately, many property management agencies often transfer clients between managers. Opt for a team that values stability. 

You may interact with different team members depending on what’s happening with your property. This collaborative approach is one of the things that sets us apart from traditional agencies. It ensures you always have access to the right expertise, and we’re able to provide better coverage and support for you at all times. We pride ourselves on being a mature, experienced team, with over 35 years of combined experience. 

6. Take Advantage of Technology

Your property manager should prioritise clear and consistent communication to keep you posted.

We use the latest technology, allowing you to check on your property’s status whenever it suits you. This level of transparency is essential for staying in control of your investment​.

7. Insist on Proactive Communication

A property manager who is proactive will provide regular feedback and updates during inspections or the leasing process.

We at Mint Property Management provide written reports, including observations, photos, and recommendations, and even invite investor clients to attend property inspections. This level of care ensures you’re never left wondering about the state of your investment​.

8. Look for a Long-Term Partner

The best property managers are invested in your success. They focus on helping you build wealth rather than simply collecting rent. 

We are committed to supporting investors by offering guidance that’s focused entirely on their investment goals, with no push to sell property for additional commissions​.

Finding a property manager in Melbourne who is truly invested in your success is key to maximising your investment property.

With a focus on specialised service, clear communication, and a commitment to growing your wealth, the right property manager can help you get the most out of your investment. Download our free guide to learn more about choosing the best property manager for your needs.