Why Use A Property Manager?
Tired of all the stress and hassle of dealing with tenants? Worried your rental is compliant? Do you want more free time?
Property Management is more than just coordinating tenancies and rent payments.It’s about protecting and growing the investment. One of the most important issues with managing a rental is risk management. With the ever changing laws and legislation, most property owners choose to leave it in the hands of the professionals…
Some key benefits of why you should choose a property manager:
1. Less Stress - With someone else managing your investment property, you don’t need to sweat the small stuff, that’s what your Property Manager is there for!
2. Reduce Risks - By engaging a property manager you reduce the chance of having a vacant property therefore lowering your risk of lost income. Also reduced risk of damage with regular inspections and detailed reports to you. Allowing you to maintain the condition of the property in a managed time frame.
3. Point of Contact - If an issue arises, your property manager is there to address this, and any other problems that come up. Property Managers also generally have more availability than owners do to address anything, and have an army of contacts to call on if needed.
4. Up-to-date with Legislation and Laws - Private owners are bound by the same legislative requirements as property managers in their dealings with tenants. This means that if you are taking the task on yourself, you will need to stay up to date with constantly-changing legal requirements. So choosing a property manager to manage your investment property can be a wise decision that may save you time and money over the long term.
5. Strict tenancy selection process - Experienced property managers, like ours, see hundreds of rental applications, and are experienced at vetting tenants. Applications are subject to multiple checks and reviews to ensure you receive high quality tenants and applications. Of course, you will have the final say of who lives in your property, however property managers can provide expert opinions if you are unsure or undecided.