Here are ten reasons why having a good property manager should be part of your investment strategy, so you can see – and enjoy – good returns.
Rental rates
Your property manager will have a much better idea of the highest possible rental rates for your property’s type and the area it is in. Don’t sell yourself short – get an expert to help you get the best weekly return on your investment.
Marketing
We know the best way to market your property to get the best tenants. We also have a database of strong tenants who will – occasionally – seek to move for various reasons.
Managing tenants
We look after all aspects of the tenant-landlord relationship, from blocked toilets to lost keys, to conflict and unpaid rent. We deal with the nitty-gritty – and the painful stuff – so you don’t have to hear about it.
The law
We ensure you are running your investment by the book – whether it’s being compliant with the Residential Tenancies Act, to advise around your tax obligations.
Maximizing the profitability of your time
By having a property manager take care of the day-to-day aspects of running your property, you’re free to spend your time doing more valuable things – whether it’s spending time with family, other career or investment opportunities, or just taking the time to relax.
Payment
The next step is collecting those returns. As television shows will have you believe, sometimes, securing payments from tenants can be difficult. But property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. And as a result, your property manager will have systems in place that alert us when tenants fall behind.
Finding the right tenants
This brings us to finding the right people for your property. Our extensive vetting systems include background and security checks, running credit reports, verifying employment, and collecting previous landlord references.
Managing other parties
Part of that is dealing with tradesmen, contractors, suppliers and vendors. Not only do we have a solid network of competitively priced but efficient contractors on hand, we deal with them directly and find the best quotes. All you need to do is sign-off any quotes.
Location, location, location
Doesn’t matter so much when you’ve got a property manager. This means your property portfolio doesn’t need to be within a short drive from your house. A well-managed residential property portfolio is a passive investment at its finest.
Best use of your money
For what you might spend on your property manager, you are likely to save in the long run – whether it’s from discounted tradesman rates to recovered rent – we’ve got you covered.
Many landlords are not aware of the market demands and how this affects rent increases. For truly effective Property Management talk to our Property Manager about a current rental appraisal on your investment to ensure you are maximising your returns.
Request a Landlord Information Guide or Investment Guide today.