Reasons you should use a Professional Property Manager

People own rental properties for many reasons, the most common being to generate income through rental streams while aiming to grow your property value over the long term.

Some investment property owners have enough time, energy as well as enjoying the experience of managing their own rental properties. However, not everyone can put in the time required to actively manage their rental. Key benefits of using a professional property manager include:

Experience

When you let an experienced property managers manage your property, you’ll never have to worry about whether or not it will be managed effectively. We are here to ensure that your rental rates are fair, that the most qualified tenants are approved, and that proper processes are in place for maintenance, repairs, and everything you could possibly think of. By trusting an experienced property manager a landlord can increase their peace of mind that all the details are being taken care of.

Data Collection

Using software systems to track various data points about your property is one of the most effective methods of successful property management. Management software systems can also point out places where expenses can be lowered or rental income can be increased. Experienced property managers are adept at using these systems and able to integrate them with payment and accounting software.

Maximise rent

Property managers perform diligent rent reviews in set periods (usually annually). An experienced property manager will be able to assess your rental rates to ensure they are comparable with what other properties are charging.

Understanding property industry legislation

The Residential Tenancies Act can be a complicated piece of legislation for those without experience. With recent tightening of restrictions it is more important than ever to ensure your rental property is compliant. Get more helpful information around landlord obligations here.

Managing a property in an area you aren’t living

If you find yourself unable to perform tasks like property inspections and carrying out maintenance work, hiring a property manager is a great way to take the hassle out of remote property management. Consulting an experienced property manager is a great way to take the hassle out of remote property management.