Episode 105: What Low Property Management Fees Really Cost You with Jewayne Loong

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Today, we're going to deep dive into what low property management fees really cost investors. And it's not so obvious on the outside because the majority of investors that are frustrated and moving to us each month come with a lot of assumptions that we're all the same, and they don't actually know what is worth paying for.

Once they've experienced bad service, they're a lot more willing to pay that little bit extra and invest in a service that will improve their returns and give them peace of mind… but what about those investors who are starting out?

So, I wanted to pull back the hood and run through all the aspects of this decision as its never just about the cost of a service, it's about what it will give you.

It's going to be interesting to take you inside the property management industry and show you how to navigate the crucial choice for who will fill this position on your investing team.

Episode Highlights:

1. Intro [00:00] 
2. Things to Watch Out for if Your Property Manager is Giving You Bad Service [01:16]
3. Expensive or Cheap: Are All Property Managers the Same? [02:55]
4. How to Weigh if You're Getting Your Money's Worth From Your Property Manager's Fee [07:48]
5. Highly Experienced Property Managers Are Worth Paying for [10:01]
6. Why Does Hiring a Property Manager With a Smaller Portfolio Better? [11:41]
7. Do Recognition and Awards Matter When Choosing a Property Manager? [13:51]
8. Keeping Promises Reflects the Credibility of Your Property Manager [15:08]
9. You and Your Property Manager Should Have the Same Bigger Goal [16:38]
10. Experienced Property Managers and Advanced Technology Are Investments for the Agency [19:31]
11. Outro [22:50]

Resource Links:

• Visit Jewayne’s blog posts (https://www.investorsedge.com.au/directory/jewayne-loong/)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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About the guest:

Jewayne Loong is a great communicator who genuinely understands the landlords' position while remaining empathetic to tenants' needs. Not only does Jewayne hold all the attributes of a tech-savvy generation Y, but he has a keen interest in property investing. He says, "Understanding and loving property investment makes me so much better at my job." Jewayne also shares his insights in his monthly blog, solving the problems tenants and landlords have with plenty of great tips and advice.

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