Why use a property manager?
Using the services of a professional property manager can save you a lot of time and hassle. A professional property manager will take care of all the following essential tasks:
1. Ensuring you’re compliant with all your legal obligations as a landlord.
2. Sourcing and screening potential tenants well before your property becomes vacant. This ensures that your vacancy period is minimised, and your rental income is maximised.
3. Arranging potential tenant inspections and being there when they occur.
4. Preparing lease documentation for you and your tenants.
5. Ensuring that your tenant’s rent is paid on time.
6. Liaising with tenants on your behalf.
7. Conducting regular property inspections to ensure that your tenants are looking after your property.
8. Paying any ongoing property expenses on your behalf (such as council rates, body corporate fees and insurance)
9. Ensuring that any repairs and maintenance is carried out in a timely manner by quality tradespeople.
10. Financial reporting on your property to ensure you minimise your tax obligations.
11. Assisting with any tenant dispute resolution.
12. Reviewing your rent amount prior to lease renewal to ensure it reflects market rates. This is important to maximise your property’s return.