One of the more valuable steps that you can take as a property investor is to employ an experienced property manager to manage your investment property throughout its life cycle. There is a myriad of tasks that are involved with renting your property and a property manager can assist with navigating through those tasks and free you up to focus on other areas.
Prepare your property for market
A property manager can assist you with preparing your property for the rental market. They will go through the home with you and make suggestions on any improvements that may be needed, advise potential rent returns, and point out maintenance areas that you may need to be aware of in the future.
They will market the property to prospective tenants and show them through the property to gauge interest and gain applications on the property. A good property manager will process applications thoroughly and advise you of the suitability of the applicant. In the end, it will be your decision on the successful applicant.
Prepare documents and comply with legislation
A property manager will take the pressure off documentation as they are across the legislation, regulations and requirements and will prepare all necessary lease, condition report and required documentation for the commencement of the tenancy and sign on your behalf with the tenant.
They will speak with you prior to the signing for any special conditions that may be required and discuss any changes that may need to be made, lease terms offered and the material fact that might need to be disclosed.
Manage the property and the tenancy
Throughout the tenancy, there are bound to be repairs and maintenance that are required and issues that need attention. A great property manager will contact you to advise of the required work and arrange trades to carry out the repairs needed.
They will also speak with the tenant about their obligations on repairs and maintenance and manage any challenges before they become larger issues. Great property managers will inspect the property in line with legislation requirements and provide professional recommendations for improvements that may be needed to plan for the future.
Experience to manage all property management challenges
From listing to finding a tenant, managing the tenancy, vacates, inspections and overseeing renovations, our property management team has the experience to guide you through any hurdle that comes in your investment and make it seamless.
They will take away the pressures that can come with renting your home and will ultimately help you maximise your investment now and into the future.
If you would like to know more, contact our experienced property management team and talk about how we can help.