Property owners and even renters will, at one stage or another, have considered the benefits of, or experienced the benefits of rental property management. There are many pros and very few cons of enlisting the services of a property manager, for reasons that follow below.
Money, made easy
Certainly, hiring the helping hand of a property manager will cost you a percentage of the rent that your property attracts, but this is a small sacrifice for all the work that is attentively and expertly taken care of for you, and you will still enjoy the greater portion of the financial gain.
There is much work involved with the effective running of a rental property; while some of the tasks involved may be common knowledge, there are some behind the scenes jobs that also need attention. Property owners who already have an existing job and lifestyle that they wish to maintain are far better off leaving all facets of managing their rental to an expert.
From the very beginning there is advertising of the property to be taken care of, screening applicants to find a suitable tenant and then begins the vitally important task of getting rental agreements sorted and a bond to be lodged. And this is just the start.
The right property manager won’t just find any old tenant for your property so they can collect their portion of the rent. A reputable agent will do their utmost to ensure the tenants in place will take care of your property as though it were their own.
To do this they will schedule regular inspections and keep you up to date providing detailed reports and information relating to repairs and maintenance that may be required. When there are repairs required there is no need for you to be hassled by organising trades people, this will all be done for you as part of the highly skilled services of your property manager.
How tenants benefit
Tenants in rental properties are entitled to quiet enjoyment of the premises. This means that owners are not allowed to show up unannounced whenever they feel like it. The tenants also have a right to a property that functions well. When repairs are required they simply contact the property manager. It is the law that this issue be remedied and the property manager will see to it that repairs are carried out.
With a property manager in place, each party is removed from dealing directly with each other. Acting as a mediator, the property manager sees to it that all workings related to the rental are taken care of in an efficient and timely manner.
Contact Position One Property Today on 07 3843 4511 and find out how our skilled and experienced property managers can serve you!