Tuesday 3 Mar 2009
Sydney - Leading residential agency, McGrath Estate Agents, has ramped up its commitment to the company’s rapidly expanding property management portfolio with a key executive appointment to drive the growth even further.
Maria Carlino has been named General Manager of Property Management for McGrath’s company owned offices and will focus on providing outstanding service delivery to both landlords and tenants in the Eastern Suburbs, Inner West and Parramatta regions with plans to double the existing rent roll by the end of 2009.
Ms Carlino has extensive experience in the real estate industry spanning 25 years and prior to joining McGrath, she was a senior executive at RUN, managing a portfolio in excess of 1,500 properties.
John McGrath, Chief Executive of McGrath said, “Our relaunch into property management just eight months ago has exceeded our original expectations. This indicates to me that a strong customer-centric boutique brand with outstanding people will grow in any market. We are delighted to have secured an executive with Maria’s extensive experience to lead our team as we continue to focus on quality of service and experience as a key differentiator to our competitors.”
Mr. McGrath said that investors were returning to the market and he expected this a positive sign for both landlords and renters alike.
“The stock market downturn and historically low interest rates combined with increasing property yields currently between 5-6%, means property is once again being viewed by many as more dependable than returns from the sharemarket.”