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Experienced property managers will safeguard your investment, providing peace of mind and enhancing profitability. This is must-read for every investor.
Professional property management is crucial to protecting your investment. The best property managers take proactive steps on behalf of landlords to minimise investment risks and maximise their returns.
Professional property managers like our experienced team at DPN protect the investment properties of landlords by doing a range of crucial tasks that are highlighted below.
Sourcing and screening high-quality tenants is the first important step to protecting your investment property asset. High-quality tenants will treat the property as if it is their own.
A professional property manager will take the time to ensure the best possible tenants for your investment property by conducting thorough background and reference checks.
It’s important for a lease agreement on an investment property to outline all the rights and responsibilities of both landlords and tenants, and to be legally compliant.
Professional property managers are experienced in preparing and tailoring lease agreements to suit the specific needs of different properties and landlords, including and special terms and conditions necessary for specific properties.
An important part of protecting your investment property asset is ensuring that your tenant’s rent is paid in full and on time. This is crucial if you are relying on the rental income to help pay for an investment property loan.
A professional property manager will liaise with tenants on your behalf to make sure this happens. In addition, if you have bought a property with DPN, you will have a guaranteed rental yield.
In addition to the crucial task of ensuring that tenant rent is paid on time, property managers ensure their compliance with all other lease terms and conditions, taking appropriate action if necessary to protect landlord interests.
Conducting regular and thorough property inspections is the best way to ensure that your property is being well looked after, including inspections before, during and at the end of lease agreements.
A professional property manager will ensure that this task is done to promptly identify any potential issues and protect your asset.
Professional property managers will save you time and hassle by ensuring that any necessary and approved property repairs and maintenance will be done promptly by high-quality tradespeople.
Professional property managers are experienced in preparing and tailoring lease agreements
Maximising your ROI is another way to protect your property investment. A professional property manager can help you to do this by conducting regular market rent reviews to ensure that your rates are in line with market trends.
These reviews have been especially important in rent years in Australia due to the housing crisis and its impact on rent.
Crucially, a professional property manager can ensure your compliance with all your landlord obligations under rental property legislation. The last thing you want as a landlord is legal trouble.
A property manager will help you to avoid that because they manage properties for a living and are familiar with all relevant legislation, including the most recent updates.
Building positive tenant relationships is an important step in protecting your asset because it can ensure that you retain high-quality tenant's long term. A property manager will handle all tenant communication on your behalf with the goal of building a positive long-term relationship that is in your best interests.
Savvy property investors recognise that effective property management is crucial to protecting their investment and maximising their returns. They hire one of our experienced team at DPN to do a range of essential and time-consuming tasks, including:
Property managers provide landlords with peace of mind that their investment is in good hands.
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