How a Property Manager can save Landlords Time & Money

In this blog, we discuss reasons to have a Property Manager and how they can benefit you as a Landlord instead of managing your property yourself.

1)    To Navigate the Laws and Legislation

Renting a property has many rules and regulations that are designed to protect the tenant’s rights while offering protections for landlords as well. Property managers help landlords ensure that their rental properties are compliant with local, state, and federal laws.

2)    Provide Market Advice

The market is always changing. A Property Manager can provide an independent rental appraisal on your property and help you achieve the highest rental return. With this you can ensure that you are getting the most out of your property, optimising your investment. Over the first quarter of 2023 weekly rentals increased by 22%.

3)    Marketing Support

A Property Manager will have excellent tried-and-tested knowledge on how to effectively advertise your investment property, using a variety of channels. This includes listing the property on popular rental websites and using social media to promote the property.

CRE has subscriptions to make sure your rental will be prominently featured on different websites.

4)    Manage Tenant Selection Process

Tenant selection can be a time-consuming process to ensure that you get the best tenant. A Property Manager supports you by conducting thorough background checks, verifying employment and income and checking references. This process makes it easy for the Property Manager to advise the landlord on new tenants who are most likely reliable and responsible as we check tenant history through agency software.

5)    Maintain a professional relationship

A Property Manager will develop a professional relationship with the tenant and act as a liaison between landlords and tenants, helping to address concerns to prevent or resolve disputes.

A Property Manager can ensure that maintenance is addressed in a timely manner and communication is prompt, all increasing tenant and owner satisfaction. This can help to maintain positive tenant and owner relationships, reducing the likelihood of conflicts and helping to ensure that tenants and owners are happy and satisfied with their rental arrangements.

6)    Conduct Maintenance and Repairs

Property Managers are the first contact for your tenants if anything goes wrong.  They can coordinate repairs with qualified contractors and ensure that repairs are made efficiently. This will keep your property in the best condition for the future value of your property.

7)    Property Inspections

Regular property inspections are important for ensuring that your investment property is well-maintained and in good condition. A Property Manager will conduct inspections on behalf of Landlords, identifying any issues that need to be addressed and ensuring that the property is kept in good condition. The Landlord will receive a detailed report of these inspections identifying any issues of concern.

8)    Take care of paperwork and bills

Ensuring all paperwork is completed correctly, Rental bonds are paid directly to the Rental Bond Board, detailed condition report including an abundant of photos and descriptions has been prepared prior to the start of the tenancy agreement and the Residential Tenancy Agreement has been executed accurately.

Collecting rent is an essential part of rental property management, ensuring that payments are made on time and tenants are held accountable for any late payment.

A Property Manager will also ensure that your Council Rates, Water Rates, Strata levies and invoices are paid on your behalf.

CONTACT US: If you have an investment property and are looking for a Property Manager we would love to help you. Please click here to contact us and we will be in touch to discuss your needs.