There is a huge debate for a while regarding whether there exists a dependence on a property manager to take care of one's investment property in order to diy. There are many arguments for and against and we will explore this further below.
The role of home manager
A property manager can 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 how the rent has paid and care will be taken. Blue Mountains getaway are hired by landlords to deal with an advert or residential parcel pertaining to some regulations and rules. Tattersalls Real Estate has their Dedicated Asset Management Division that goes beyond the reach of the local corner real-estate to guarantee the investment property is constantly performing for the kids. A few things that that Tattersalls Real Estate do for his or her landlords are:
Advertise properties from the 2 major property platforms. Realestate.com.au and Domain.com.au
Extensive tenant screening, criminal background checks, National Tenancy Database checks, Chronological audit of the tenants past rentals and employment.
Manage financial accounts and create statements
Pay outgoing on behalf of the Landlord
Receive and disburse rent through the audited trust accounts
Complete Quarterly property inspections with photos
Complete random curb side inspections to make certain there are no extra people staying at the home
Source and organise tradespeople for performing repair and maintenance jobs
Ensure all works and notices will be in accordance with NSW legislation.
Property Management
Property Management
The Landlord
Occasionally, tenants hold the 'Tall Poppy Syndrome' when it comes to how they see their Landlords and home manager is the best buffer to cut back this and part of to express 'No' as required, in order to ensure all notice may be adhered to when serving breach notices for failure to pay for rent or ensure care for the home. Managing one or two properties may be frustrating and expensive and quite often bring about an unproductive way of managing assets. Having to go to open inspections, routine inspections or travel to the home each time you will find there's repair issue. That's what the home manager does for Landlords, is take every one of the stress out of the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division will get better tenants even as we have access to both the major real estate property domains which are expensive for someone managing only a few properties. Often Landlords is only able to advertise their own properties on Gumtree and the like, which unfortunately receives tenants who are very likely to have zero or poor rental history. When hiring Tattersalls, you do have a team of specialist, Accounts, Marketing, Repairs and Property Managers all with years of experience along with street smart and knowledge of legislation.
Our audited trust accounts ensure every cent is included and provide reports to you as needed, totally free.
All for the competitive fee of just 4.4%, Tattersalls can manage your home and do what we should do best whilst enabling you to carry on and take your time and energy about what one does best