There has been a debate for a while regarding whether there exists a requirement for a property manager to take care of one's investment property or do it yourself. There are many arguments for and against and we will explore this further below.
The role of home manager
A property manager might be looked at as a buffer between tenants and landlords. Property managers are hired by Landlords to deal with their investment property and make sure that the rent has been paid and care has been taken. These managers are hired by landlords to deal with an advert or residential parcel pertaining to some rules and regulations. Tattersalls Real Estate has their Dedicated Asset Management Division that goes beyond the reach of a local corner real estate property to ensure the investment property is constantly performing for the kids. A few things that that Tattersalls Real Estate do for their landlords are:
Advertise properties from the 2 major real-estate platforms. Realestate.com.au and Domain.com.au
Extensive tenant screening, background checks, National Tenancy Database checks, Chronological audit from the tenants past rentals and employment.
Manage financial accounts and convey statements
Pay outgoing on behalf from the Landlord
Receive and disburse rent from your audited trust accounts
Complete Quarterly property inspections with photos
Complete random curb side inspections to ensure there isn't any extra people residing at the exact property
Source and organise tradespeople for performing repair and maintenance jobs
Ensure all works and notices have been in accordance with NSW legislation.
Property Management
Property Management
The Landlord
Occasionally, tenants possess the 'Tall Poppy Syndrome' in terms of how they see their Landlords and a home manager is the best buffer to cut back this and step in to express 'No' as required, or ensure all notice may be adhered to when serving breach notices for failure to spend rent or to ensure care for the property. Managing one or two properties might be time-consuming and expensive and sometimes result in an unproductive way of managing assets. Having to visit open inspections, routine inspections or go the home every time there is a repair issue. additional hints what the exact property manager does for their Landlords, is take all of the stress out with the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division will find better tenants as we have access to both major real estate domains which are harmful for someone managing only a few properties. Often Landlords are only able to advertise their unique properties on Gumtree and the like, which unfortunately receives tenants that are prone to have no or poor rental history. When hiring Tattersalls, you do have a team of specialist, Accounts, Marketing, Repairs and Property Managers by using years of experience as well as street smart and knowledge of legislation.
Our audited trust accounts ensure every cent is included and offer reports to you when needed, without cost.
All for your competitive fee of just 4.4%, Tattersalls can manage your property and do that which you do best whilst enabling you to still hang around and about what you need to do best
Property Manager V's DIY Property Management
·
2 min read
