In a tight and competitive rental market like Canberra’s, investing in property can be a great financial move.
But the reality is that managing an investment property is hard work. There are time-consuming tasks like advertising the property for rent, screening potential tenants and dealing with maintenance issues; as well as diplomatically challenging jobs like negotiating rent increases and late rent payments – this is where a property manager is here to help.
If you’d prefer to spend your time and energy elsewhere, engaging a property manager is the right decision for you. A skilled and committed property manager can mean the difference between an investment that effortlessly grows in value, or a stressful money pit.
So, where can you find the best property managers in Canberra, and what qualities should you consider before signing on the dotted line?
What makes a great property manager?
When it comes to choosing a property management company, investors often opt for the same agency that sold them the property. While this can be a convenient option, it may also be worth looking more broadly.
Here are some things to keep in mind when choosing a property manager:
- Proactive communication. It’s your property manager’s job to facilitate clear communication between all parties. To minimise future headaches and maximise occupancy, look for a property manager who honest and transparent, and provides regular updates to both investors and tenants.
- Experience. While there are many overlaps between selling properties and managing them, the best property management companies understand the nuances of the property management industry. They know the market and their industry, and should be able to advise you on all aspects of property management. Don’t be afraid to ask how many years of property management experience an agency has, or how many properties it manages.
- Responsiveness. The best property managers respond to emails and return phone calls quickly. They arrange repairs and maintenance work without delay, stay on top of when leases are due to expire, and complete tasks on time without being reminded.
- Professionalism. Look for a professional-looking agency with staff that present as organised and friendly. Use your first impressions from the reception area as a guide to the overall professionalism of the agency.
- Local or national. Whether to go with a local or national property manager will depend on your investment plans. It is a good idea to stay local if you only plan to invest locally. However, if you would like to expand your investments to other states, consider a property manager that has national coverage.
The best property managers in Canberra
RiotACT’s editorial team has combed through 20 years of on-site comments to compile a list of the most recommended businesses according to you.
To be listed in our Best of Canberra series, each business needs to have consistently received positive feedback on RiotACT and maintain a minimum average of 4/5 stars on both Google and Facebook reviews.
Whether you’re a seasoned property investor or looking to rent out a home or apartment for the first time, you can trust Agent Team to handle every aspect of your property management with professionalism and enthusiasm.
Operating out of Kippax Fair, Agent Team is a thriving independent property management agency led by Steve Lowe, a former builder turned award-winning real estate agent. When you work with Steve and his team, you can expect positive outcomes, a focus on building strong client relationships, and access to time-saving technology that takes the hassle out of owning an investment property and resolving tenant issues.
Real Estate Institute of the ACT – Property Marketer of the Year 2019/20
Nick Lucey shared his experience with Agent Team on RiotACT saying, “My wife and I use Agent Team for our property management and couldn’t be happier. Loren has been managing our investment property (3 bedroom house) in Canberra for about 2 years. Inspections are actually done, all bills, rates etc get paid from rental income and any maintenance issues are looked after by their panel or trades. We haven’t had to do anything and it’s been great! I would definitely recommend giving them a shot.”
Independent Property Management is an award-winning business that focuses on holistic property management. Its team understands what your property is worth and who your target market should be, while ensuring the upkeep and value of your asset is maintained.
With a focus on honesty and transparency, Independent’s property management team is always looking for ways to take the stress out of owning an investment property. They take pride in their people, have a passion for property and use cutting edge technology to underpin their service in adding value and creating wealth.
Ensuring your property is in safe hands, Independent’s award-winning team has won accolades including Property Manager of the Year Award at the Real Estate Institute of Australia Awards for Excellence (2011, 2016, 2017 and 2018), as well as multiple awards for administration support, leasing and leadership from the Institute and Leading Property Managers of Australia.
Nick Martin appreciated the service as a tenant, leaving 5 stars with his review saying, “We hadn’t rented for about 20 years and had some pretty awful memories from the past. Fortunately, our property manager has renewed our faith! She has been exceptional! A great communicator, responding quickly and efficiently to all requests. She always remains positive and it seems as though nothing is too much trouble. She is also understanding and flexible when things don’t go exactly to plan. She has really made us feel like she is serving our interests as well as the owners, which is a very different experience to what we have had previously.”
If you’re looking for an award-winning team to manage your investment property, look no further than McIntyre Property. It has won the Property Management Team of the Year Award at the Real Estate Institute of the ACT Awards for Excellence for the last two consecutive years (2018 and 2019).
McIntyre Property’s skilled property management team is led by Amanda Gordon. Friendly and approachable, Amanda is focused on building long-term client relationships.
As Tom Coburn wrote on Google, “Great experience renting through this company. There were issues during the tenancy but they were handled quickly and efficiently by McIntyre. It’s unusual to have so good an experience with a real estate agency.”
Verv Property is Canberra’s newest boutique real estate agency, driven by the collective vision of founders Jason Roses and Natalie Shawcross. Combined with more than 30 years of extensive experience in the Canberra property market, Verv Property helps people thrive through real estate.
With highly personalised service, Verv Property supports all buyers, sellers and those renting properties.
The Property Management department is led by Charlie Evans. Charlie is a highly experienced, genuine and passionate property manager. She is a professional individual who strives to provide her clients with remarkable service. As a licensed agent, Charlie is able to forward her knowledge to her clients to protect and care for their investment properties.
Property Investor CM has been impressed with Verv Property saying, “We are pleased we selected Verv Property to manage our investment property. We were very impressed with the interest generated by the extensive marketing strategy. As a result Charlie found a quality tenant in quick time and secured a rental return at the high end of her rental appraisal. Charlie took care of everything. We would highly recommend the professional team at Verv Property to manage your property.”
With property management, McGrath South Canberra sets itself apart with quality service, sound advice, open communications and a competitive cost structure.
McGrath South Canberra’s team of experienced property managers act with integrity and add value to landlords by handling their investments with tremendous care and deep industry knowledge.
Sourcing and screening the right tenants make all the difference. Selecting the wrong tenant costs a landlord money, time and stress. Selecting the right tenant makes property investment easy. Each McGrath South Canberra property manager also acts as a buffer between landlord and tenant, keeping interactions professional.
As Sue Preston wrote on Google, “McGrath Estate Agents have handled my property extremely efficiently over several years, contacting me promptly when needed and managing all issues quickly and effectively.”
Discover Canberra’s thriving real estate scene right here on RiotACT
Looking to buy? Find your dream home as you explore our featured property picks. Ready to rent? Uncover the perfect rental property for you and your family. Want to stay in the know? Get all the details on new developments in and around the capital, and keep up-to-date with the latest auction results.
In addition, if you’re looking for more information on entering Canberra’s property market, you might find our article on Canberra’s best real estate agents helpful. Our article on the best financial planners in Canberra may also give you some useful information on who can help you plan your investments.
RiotACT is home to all the real estate market information you need to land an incredible deal or discover a potential opportunity. Happy house hunting!
Your experience with property managers in Canberra
Thanks to our commenters who have provided insightful feedback, if you believe we have got it wrong, please let us know.
Have you had experience with any of the property managers listed above? If so, share your feedback in the comments below.