ARE YOUR MANAGING AGENTS REGISTERED WITH NAMA ?
You should also ask if a fullservice property management company ’ s Managing Agents belong to NAMA ( National Association of Managing Agents ). Although this is not a compulsory association , if an agent is registered with NAMA there is an ethical code to which they are obliged to adhere , which is a great benefit for any client . This includes regular updates and training to stay at the top of their game .
PLEASE PROVIDE ME WITH CURRENT REFERENCES THAT I MIGHT CONTACT
Check the references of the full-service property management company . Ask for contact details of existing clients and give them a call .
It ’ s always helpful to get the objective opinion of someone who is currently a client of a full-service property management company to learn how they do business , and whether it will be worth your while to sign up with their agency .
HOW REGULARLY WILL OUR SCHEME EXECUTIVES AND BODY CORPORATE GET FINANCIAL STATEMENTS ?
Ideally , you want to work with a Managing Agent that provides every owner with individual statements on a monthly basis , as well as giving Scheme Executives a Management Pack , which includes the total income and expenses of the Body Corporate for that particular month , sent along with supporting invoices . If the Body Corporate has
SA Real Estate Investor Magazine AUGUST 2022 93