Do I Need a Property Manager?
You've already shelled out hundreds of thousands of dollars on an investment property, so why would you want to spend even more money on a property manager? It's a fair question, which is why today we're looking at what a property manager does, and whether or not you need one.
What Are You Doing?
The first job of a property manager is to find you tenants, both through advertising and their own contacts. It doesn't matter if you have the world's best property, if no one knows about it, it's going to stay empty. A good manager and agency will already have an advertising schedule and campaign plan, reaching more people and finding you a tenant faster than if you were on your own.
Expect the Unexpected
In a perfect world you'd buy the perfect property, find the perfect tenant, and then sit back and enjoy reliable returns. Unfortunately in the real world it's not always this easy, and things can go wrong. Rather than taking time out of your own day to fix problems as they arise, a property manager can have a list of tradies and workers in place to get it sorted quick, and just send you a simple bill at the end.
Taking a Step Back
Sometimes it can be hard to stand apart and be objective about what your property needs. It's fair enough; it's your money and it's only right that you want to get the most from your investment. But a property manager can look at the bigger picture and show you what's best for you moving forward, and help you make the right decision long-term.
At the end of the day, you might feel like you can handle owning and managing a property on your own. But with a property manager, you know you have someone in place to handle issues as they happen, who can keep the whole process as stress-free as possible, and maybe even get you more. You can always talk to our property management team to find out more, so get in touch today.