Thursday, December 01, 2016

Investors, the bar has been lifted.

Earlier this month, the State Government announced new legislation that every property manager in South Australia is to be licenced. This is great news for investors and an exciting time for property management in our state. 

At Toop&Toop we see these changes as a big and important step forward. With the official press release titled 'Clock ticking on dodgy property managers', it seems Deputy Premier John Rau MP and the SA Government are as enthusiastic as we are that licencing requirements are finally being introduced in our state.

So how will this benefit landlords? 
Property managers are professionals managing portfolios upwards of $100 million in residential property. We are entrusted to look after peoples' biggest assets and are in a position to optimise or hinder clients' investment returns. 

With increased training provided to all property managers, we expect to see a consistent level of service provided to investors, as well as increased professionalism across the industry.

We know that the daily responsibilities of a property manager have moved away from pure administration or 'just collecting the rent'. We have witnessed this first hand, as well as the impact the changes introduced in March 2014 
in the Residential Tenancy legislation, have had on landlords and tenants. 

For our team, the importance of industry-best training is at the forefront of what we do. Over the last two years, the head trainer at REISA has provided in-house education and training to our property management team. Having the knowledge to advise clients appropriately, and skilfully navigate through legislation, is imperative to ensure landlords' interests are protected.

We take our responsibility of managing investment properties seriously. It is fantastic 
to see that things are moving in the right direction and we see this as a big step forward 
for the industry. The bar has been lifted.

Suzannah Toop

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