Most Australians manage their investment properties through a property management agency. While there are costs involved, they can also save you time and money dealing with any issues that arise with the property and the tenants.

Here are some important questions to ask your prospective property manager.

1. Eviction procedure
2. % of gross income
3. Fee schedule
4. Maintenance costs, 
emergency call cost, 
maintenance team
5. Vacancy rate / tenant screen last 5 years
6. Tell me about the properties you manage now – cash flow / no cash flow, 
number of units, houses
7. Do you have any rental properties your self
8. What type of training / certification
9. How many years experience / references
10. Collection procedure / success / theft
11. Terms of contract
12. Copy of lease contract
13. Date of reporting / month
14. Company insurance / liability
15. Marketability of the property
16. Types of tenants likely to be looking at the property
17. Landlord insurance