Image by mohamed Hassan from Pixabay

Agents will say whatever they feel they need to say to secure the management.

Always get a second opinion.

Today I heard some seriously Pinocchio level porkie pies an agent has told a buyer I just had to share them. It is not the first time I have heard these sorts of fibs but it certainly is the worst because this is an agent I know and one I actually respected until today.

I mean, I know I have taken many properties from this agent in a few places they have worked over the years, but come on, be professional.

The agency just sold a property and we were recommended as property managers by a friend of the buyer. The agent has been trying to retain the management.

Image by Ryan McGuire from Pixabay

We sold the property and we manage the property so you can’t move the management.

When you buy a property you are the new owner. The management agreement between the old owner and the agent is no longer in force, and they can’t force you to stay. You can go with any agent you want.

The tenant doesn’t want to move out when the property is sold, so you have to keep the management with us.

The lease stays with the property even when sold. The owner is just changed. The tenant, the property, and the lease remain. Just because you change managing agents you don’t lose your tenant. This is true even if you have owned the property for a long time and change agents, the old agent can’t just kick the tenant out before handover.

Don’t get locked-down with a fixed-term management agreement.

Some agents will renew their management authorities at the same time as leases so they can try terminating your tenant if you try changing agents. This is just one of the reasons you should never sign a management authority renewal and should just let it fall into a month by month management agreement. Don’t let yourself be held hostage.

The tenant’s child has [insert personal issue] so can’t handle the stress of changing agents.

I don’t even know how to unpack this one. The small child is not affected in any way by their parent changing the BSB and account number on their weekly direct deposit. Our staff are awesome with children. I have 3 of my own for goodness-sake and am the middle of 7 children.

That agent has a bad reputation, you shouldn’t go with them.

Real estate workers are among the worst gossips and backstabbers on the planet. If an agent speaks ill of another agent without actually identifying something, it is most likely that they are just trying to cast shadows and throw mud. The hardest working agents I have ever had the pleasure of working with are also the ones with the most rumours about them. Unfortunately it is just that kind of an industry.

We have a 5 star rating on Homely, a 5 star rating on Bark, and all of our new managements come from personal referrals from our current clients. Heck, yesterday I met with owners with 2 properties we will take on and they were referred to us by one of our tenants.

You just can’t beat clients being so happy with your service that they recommend you to their friends and family

And I haven’t even commented on the misrepresentation of the rent during the sale saying it was $380/week when it is actually $320/week, not to mention market rent is actually $440/week.

We have taken on 17 other new managements in the past 2 weeks and all of the other property managers have been absolutely great. Most agents are magnanimous when they lose a management. It’s the ones that are jerks that leave a bad taste in your mouth.

You aren’t working hard enough for your clients if your competition likes you.

Image by Andris Dumins from Pixabay