What are the advantages of using a Property Manager?
By | 15th Mar 19

Do you really need a Property Manager?

Are you one of the 75% of Australian investors using a Property Manager or the 25% that does not? There’s good reason as to why most investors use a professional to manage their properties.  Some inclusions are tenant selection, liaison and property maintenance.

A lot of people may think that the role of a Property Manager is to simply advertise and collect rent on your behalf, but we really think that there’s more to managing property than that.

Stress free property maintenance

Blocked toilets, hot water systems failing or your cooktop failing to work are some issues that commonly can occur at any time. Having a Property Manager means you don’t have to deal personally with the matter and their network of trades and suppliers means the issue can be fixed without you having to source quotes and liaise with the tenant. Not only does this mean the issue can be resolved quickly but it means you also don’t have to stress out about it. Having the key relationships to resolve any issues in a timely matter is definitely an advantage.

 

The buffer between tenants and landlords

Having tricky conversations is something a Property Manager is quite used to. If your tenant is late on rent, you won’t have to speak to them personally – this is where your Property Manager will be able to manage the situation to ensure the adequate steps are taken in accordance to the Residential Tenancies Act.

 

Understanding the rights of the tenant and the landlords

A professional Property Manager also understands the rights of both the tenant and landlord. It can be quite difficult navigating the Residential Tenancies Act and knowing the ins and outs of regulations is something your Property Manager will be aware of. When any issues arise, this is when having an in depth understanding of rules and regulations is imperative.

 

A great Property Manager will be organised, diligent, personable and also have a passion in property. Understanding the market, how to pick a quality tenant and resolve any issues or concerns is part of their role so we recommend using a professional with the right skills to protect your investment.