Preview Mode Links will not work in preview mode

Michael Yardney Podcast

Insightful, educational and always interesting

Listen and learn from Michael Yardney, Australia’s most trusted property commentator and a group of experts as they discuss Property Investment, Success, Money and Finance to help you multiply your wealth.
While Michael is best known as a property expert, he is also Australia’s leading authority in the psychology of success and wealth creation. You’ll enjoy the way he challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation. 
SUBSCRIBE NOW so you can learn a few new ideas each week in around 30 minutes.

Oct 21, 2019

In today’s podcast, we’re going to talk about property management, and more specifically what a property manager does. 

There will be some things that surprise you. 

We’ll also talk about how to select a property manager, because if you’re going to build a business, a property business on the side, you’ve got to have one that doesn’t have too many working parts and that works for you even when you’re not there. 

And that means finding a property manager who cares as much about your property as you do. 

Then, in my mindset moment, I’ll share a lesson from my mentor, Jim Rohn, about 4 important emotions that can turn your life around.

What do property managers actually do?

Property managers:

  • Collect rent
  • Keep vacancies to a minimum
  • Check references
  • Advise landlords on tenant selection
  • Ensure compliance with legislation
  • Ensure leases are legally enforceable
  • Have and apply market knowledge
  • Choose tenants with whom they can have a long-lasting relationship

Questions to ask a potential property manager:

  • Pretend to be a tenant and arrange a mystery shop experience. See how they treat tenants.
    • This is important because tenants are just as important as customers as landlords.
  • Does the agency have a dedicated property management department?
  • Is there a director or owner involved in day-to-day property management?
  • How long has the property manager been in the industry?
  • What are the specifics of the property manager’s experience? 
  • How long have they been in the industry?
  • Is their presentation professional?
  • Who is in the office handling inquiries and concerns from tenants/landlords/investors while the property manager is out in the field?

Links and Resources:

Michael Yardney

Metropole Property Strategists

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

Why not speak with the team at Metropole Property Strategists and get their independent property advice -click here

Leanne Jopson – national director Metropole Property Management

For more details and the full show notes go the show's webpage: How to find a property manager who cares as much about your property as you do

Some of our favourite quotes from the show:

“I know that at Metropole what we do is we have systems looking after the property and people looking after the systems.” – Michael Yardney

“If you’ve got a multimillion-dollar business, don’t take shortcuts with the people who are part of your team, including your property manager.” – Michael Yardney

“The day you allow the emotions to fuel your desire, that’s the day your life’s going to turn around.” –Michael Yardney


Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how