Property Management Litigation And The Real Risks You Might Not Know About
Description
It’s easy to think legal dramas only happen to other people. You’re busy juggling tenants, trades, inspections, owners and there’s no time to worry about something like litigation. BUT the biggest legal risks in property management often don’t come from dramatic incidents. They come from the quiet things, the vague termination letter, the maintenance request that gets lost in the shuffle, the call you meant to return but didn’t.
Legal issues in property management often come out of nowhere but they don’t have to. If you’ve ever had that gut feeling that something’s slipped through the cracks, or you’re lying awake wondering if you’ve covered yourself properly, this episode is for you.
In this episode, I share a few hard lessons I’ve learnt from situations I didn’t see coming and how you can protect yourself before they become your reality too. These are the things no one tells you when you start a property management business, but they matter more than you think.
“ I believe that transparency is the key. Transparency with your team, transparency with your tenants, transparency with your property owners. Make sure you're regularly checking in with everyone involved and keeping all parties informed of the status of issues. The more you communicate, the less room there is for misunderstandings and complaints.” -Kylie Walker
We explore:
- What happened when I was too “nice” in a termination letter and how it cost me in court
- The maintenance issue that spiralled into a lawsuit even though we didn’t engage the tradie
- Why your agency can be held liable for things that feel out of your control
- How Office of Fair Trading complaints usually start and what you can do to avoid them
- The insurance cover you need and what happens when it’s not enough
- The systems I now rely on to reduce risk and catch things before they fall through the cracks
- Why ongoing team training and crystal clear communication are non negotiables
Kylie’s Resources:
Property Management Growth School: https://courses.thatpropertymum.com.au/TPM-BDMSchool
Digital Marketing School: https://courses.thatpropertymum.com.au/digitalschool
That Property Mum Courses: https://www.thatpropertymum.com.au/courses/
The PM Accelerate Membership: https://courses.thatpropertymum.com.au/accelerate
Book a Strategy Call with Kylie: https://calendly.com/kylie-tpm/coaching-call
Kolmeo: https://kolmeo.com/
Sensor Global: https://sensorinsure.com/ https://sensorglobal.com/
HD&U Sales Bundle: https://www.hdandu.com.au/that-property-mum-sales-readiness-bundle-0
Find out about our Done for You Lead Generation - https://calendly.com/kylie-tpm/done-for-you-leads-discovery-call
35 AI Prompts to help you Grow your Business on Social Media: https://courses.thatpropertymum.com.au/35-prompts-to-grow-your-property-management-business-on-social-media
Connect With Kylie:
Follow Kylie Walker on Instagram- https://www.instagram.com/thatpropertymum_/
Follow Kylie on Facebook - https://web.facebook.com/thatpropertymum
Connect with Kylie on LinkedIn - https://www.linkedin.com/in/kylie-wal...
Explore Kylie's Website - https://www.thatpropertymum.com.au/
Watch Kylie on YouTube - https://www.youtube.com/@thatpropertymum