There’s no two ways about it: owning an investment property can be financially rewarding – if you do it right. But, poorly managed, properties can soon become a drain, financially and emotionally.
Here’s ten reasons why having a good property manager should be part of your investment strategy, so you can see – and enjoy – good returns.
Your property manager will have a much better idea of the highest possible rental rates for your property’s type and the area it is in. Don’t sell yourself short – get an expert to help you get the best weekly return on your investment.
The next step is collecting those returns. As television shows will have you believe, sometimes, securing payments from tenants can be difficult. But property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. And as a result your property manager will have systems in place that alert us when tenants fall behind.
We know the best way to market your property to get the best tenants. We also have a database of strong tenants who will – occasionally – seek to move for various reasons.
Finding the right tenants
This brings us to finding the right people for your property. Our extensive vetting systems include background and security checks, running credit reports, verifying employment, and collecting previous landlord references.
We look after all aspects of the tenant-landlord relationship, from blocked toilets to lost keys, to conflict and unpaid rent. We deal with the nitty gritty – and the painful stuff – so you don’t have to hear about it.
Managing other parties
Part of that is dealing with tradesmen, contractors, suppliers and vendors. Not only do we have a solid network of competitively priced but efficient contractors on hand, we deal with them directly and find the best quotes. All you need to do is sign-off any quotes.
We ensure you are running your investment by the book – whether it’s being compliant with the Residential Tenancies Act, to advice around your tax obligations.
Location, location, location
Doesn’t matter so much when you’ve got a property manager. This mean your property portfolio doesn’t need to be within a short drive from your house. A well-managed residential property portfolio is a passive investment at its finest.
Maximizing the profitability of your time
By having a property manager take care of the day-to-day aspects of running your property, you’re free to spend your time doing more valuable things – whether it’s spending time with family, other career or investment opportunities, or just taking the time to relax.
Best use of your money
For what you might spend on your property manager, you are likely to save in the long run – whether it’s from discounted tradesman rates to recovered rent – we’ve got you covered.