Property management is never dull, and 2024 proved to be an eventful year for landlords and agencies alike. While some property owners achieved outstanding results, others learned valuable lessons the hard way. These moments of triumph and challenge are what make property management a constant journey of improvement.
In this blog, we’re looking back at the wins that deserve a spot in the Hall of Fame—and the lessons that make up the Hall of Shame.
Hall of Fame: Celebrating Landlord Success Stories
Leased in Just 7 Days
A 3-bedroom Sydney CBD apartment became one of our proudest success stories. With the right strategies in place, we leased it in under a week. Here’s how we did it:
Professional Photos: High-quality visuals showcased the property’s best features.
Compelling Listing Description: Highlighting key details helped it stand out in a competitive market.
Quick Responses: Our team prioritized tenant inquiries to ensure no opportunities were missed.
This success highlights the power of preparation and efficiency in today’s fast-moving rental market.
Sold 10% Above Market Value
A suburban home in Sydney set a new benchmark for its neighborhood, selling for $50,000 above market expectations. The secret?
Strategic Pricing: We positioned the property to attract motivated buyers.
Expert Staging: Every room was designed to help buyers visualize their future home.
Targeted Marketing: Digital campaigns reached the right audience at the right time.
Hall of Shame: Tough Lessons from 2024
3 Months Vacant: The Cost of Inaction
One property sat empty for three long months, costing the owner over $7,500 in lost rent. What went wrong?
Outdated listing photos and descriptions didn’t capture tenant interest.
Slow responses to inquiries caused missed opportunities.
A lack of marketing visibility left the property unnoticed.
The lesson? Proactive marketing and responsiveness are non-negotiable in minimizing vacancies.
Delayed Maintenance Turned Costly
Ignoring minor repairs cost another landlord big in 2024. A small leak went unfixed, eventually escalating into a costly plumbing issue and tenant dissatisfaction.
What we learned: Preventive maintenance is a must. Quick fixes save time, money, and relationships with tenants.
What’s Your Hall of Fame Moment?
Whether you’re celebrating a big win or recovering from a challenging year, every experience is an opportunity to grow. The key is to learn, adapt, and prioritize proactive property management.
Want to make 2025 the year you achieve Hall of Fame success? Partner with a property management agency that gets results.
Contact us today to start your journey.