In Australia’s colourful rental market, the role of a property manager is often misunderstood, improperly executed, and can even be the source of significant frustration for both property investors and the people that reside in those investments. Even if you manage to find yourself a good one, there’s a multitude of reasons as to why the business relationship rarely ever goes the distance. As such, landlords and investors commonly part ways with their property manager due to one or more of the following

• A lack of communication between tenants, landlords and the property manager

• Poor maintenance management with cost blow outs

• Expensive or unnecessary maintenance with little to no research undertaken

• Sub par routine inspections carried out by juniors or inexperienced staff 

• No follow up calls after property inspections 

• Tenants often treated as disposable and that they simply don’t matter

Despite receiving an underwhelming service, investors are still expected to fork out anywhere between 5% and 12% of their weekly rent in property management fees. Worse still, many of these providers claim to work on fixed fees, only for landlords to discover a multitude of exclusions further down the track. In theory, enlisting the services of a property manager is supposed to take the stress and legwork out of the equation for landlords, but more often than not this simply just isn’t the case. 

Many property investors make the mistake of making major financial decisions on guesswork. As such, it’s not uncommon to see landlords palming their dwellings off to a property manager, in the hope that the rent generated will take care of the expenses. 

The thing is, once property investors have a firm grasp on understanding their true rental yield, it then puts them in a position to make educated financial decisions for the future. For some, it may actually work out that selling the property puts them in a better overall position, while for others, a little bit of research may indicate areas where they can potentially boost their rental yield or even if their amount of weekly rent is underpriced or overpriced when compared to market trends. 

While this generally isn’t in the position description of a standard property manager, what if we told you that there was an operator right here in Brisbane that can help you to manage your property like the asset that it truly is?

As a service that focuses on a personalised and hands-on approach without sacrificing professionalism, Yield Asset Managers take great pride in doing things differently when it comes to the world of property. According to Russell, his approach is a no-brainer for landlords who want to think long term when it comes to the management of their property assets. 

“Even on a personal level, I found that the relationships I had with real estate agents managing my own investment properties felt somewhat transactional. I come from a background in mortgage broking, and found that there was a real lack of service for investors looking for a combination of property management and investment advice specifically focussing on real estate. Rental yield asset management is a really niche service that we offer, and we wanted to help landlords and property investors to make educated decisions that factored in all of the costs involved with having an investment property.” 

As a boutique agency with Russell at the forefront of the day to day operations, he’s both the primary point of contact for landlords and tenants, conducts site inspections himself, issues regular reports to landlords with improvements for boosting their yield, and ultimately takes a proactive approach when it comes to long term asset management. As a property investor himself, Russell has used his own experiences in the field to formulate a unique approach on the roles that a property manager should perform. Fundamentally, Yield Asset Managers are a Brisbane property manager service like no other - but what exactly are the primary points of difference?

Boost Your Yield

For real estate, rental yield is shown as a percentage figure. It’s calculated by taking the annual rental income, and dividing it by the property’s price and costs. When applying rental yield, it’s actually the gross amount that is usually calculated, and may not be a true reflection of the final incomings and outgoings from the property in question. Yield Asset Managers not only partner with investors to break down and understand their rental yield, but actively make recommendations on how to increase it for the long term.

Values Relationships

As a property investor, there’s nothing worse than building a working relationship with a property manager only for them to leave the business, or to palm your asset onto a new and less experienced staff member. With Yield Asset Managers, Russell is in your corner for the long haul. As a “one man band”, landlords and tenants can receive peace of mind knowing who to contact for advice, inspections and reporting. Russell understands the value of a good tenant, and treats the properties in his portfolio as if they were his own. 

Save On Outgoings

One of the major outgoing expenses for any landlord is the costs associated with unexpected maintenance requests. Too many property managers simply call their local trade partners, all without even discussing the issue further with the tenants. Alternatively, Russell will “triage” all maintenance requests. More often than not, an issue identified by a tenant can usually be resolved without having to engage a trade. With Russell's in-depth experience, he knows how to ask the right questions and resolve many issues in house. 

Communication Comes First

For both tenants and property investors, one of the most frustrating things about navigating the rental market is an absent property manager that is all but impossible to get in touch with. However, Russell has long been an advocate for open, clear and frequent communication as a means to keep all parties involved on the same page - he even stands by a guaranteed twenty four hour turnaround time with responding to both tenant and investor queries.

As such, if you’re on the hunt for a Brisbane property manager with a difference, Yield Asset Managers are the solution that you thought didn’t exist. With service areas including East Brisbane, Woolloongabba, West End, Coorparoo, Camp Hill, Carindale, Norman Park, Bulimba, Hawthorne and Cannon Hill, download our fixed fee price guide or request a free property yield assessment to start your property management journey with Russell today.