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Agencies Are Cutting Corners: Who's Paying for Government CPD Training?
Real Talk For Property Investors
Queensland's property management landscape is shifting dramatically with the introduction of mandatory Continuing Professional Development (CPD) training requirements. This long-overdue change promises to elevate industry standards and ensure property managers stay current with legislative changes, ethical practices, and risk management strategies – ultimately better protecting investment properties and tenants alike.
Yet beneath this positive regulatory development lurks a troubling trend. Many property management agencies are refusing to cover the costs of this essential training (approximately $175 per course) or allow staff to complete it during work hours. This shortsighted approach forces property managers to choose between professional development and personal finances, creating an environment where some professionals simply can't afford to stay properly trained.
The consequences manifest in concerning ways. Anonymous forum posts reveal property managers struggling with fundamentals – accepting rent payments before signing leases, mishandling breach notices, or lacking basic property management knowledge.
These aren't isolated incidents but symptoms of an industry where training has been historically undervalued, leaving your investment properties vulnerable to costly mistakes and potential legal issues.
If you have any questions or scenarios you would like us to discuss on an upcoming episode, please email samantha.eason@exclusivelymanaged.com.au or visit https://www.exclusivelymanaged.com.au/
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