We all know that making a good investment means doing your homework properly but also that, once you choose properly, only minimal maintenance is required. Being a property owner should be no different – you generally don’t usually manage your own investment fund portfolio – you pay a fund manager to do so for you. In return, you get to sit back and enjoy the benefits of leaving your money in the hands of someone who has the knowledge and experience to maximise your returns for you. Why should property investment be any different?
And let’s face it, if you decide to forego the property managers in the interest of saving a few bucks, you are going to have to do a fair amount of work. And considering that you personally cannot bring the kind of resources that a rental property management company can bring to the table, this could cost in terms of time, effort and money. It’s a case of being pennywise and pound-foolish. Read more