THE TWO TYPES OF PROPERTY MANAGEMENT

THE TWO TYPES OF PROPERTY MANAGEMENT

One of the most important questions someone looking at having their property managed should ask is; “Do you have a Tiered or Portfolio system of operation?”

What is the difference?

In a tiered system the various duties are the responsibilities are handled by a number of different people in the Property Management Department.

The viewings may be handled by one staff member, while someone else chases rent arrears and a further person is responsible for quarterly inspections.

In a portfolio system, one Property Manager looks after all the duties with the possible exception of the administrative tasks such as end of month payout.

It has been our experience that business owners prefer the tiered system while Owners and Property Managers prefer the portfolio style.

We operate the portfolio style as we are more interested in what our owners want than what we might prefer.

To find out the relative advantages and disadvantages please phone Ross Cutten on 041 9944 029 or Rebecca Cutten on 0404047205.

Ross Cutten

Owner / Director

Noble Real Estate