Newcastle Living Magazine
The benefits of professional property management
A question that often arises in the property management world is, ‘why should I use a property manager and not just do it myself?’.
Managing your own investment property is an option for people with the time and resources to screen potential renters, organise all the legalities, and conduct regular inspections. Not to mention if something goes wrong, they’ll need to be able to fix things promptly, or as a worst-case scenario: represent themselves at a tribunal. Of course this isn’t for everyone, so here are a few reasons we think you’ll genuinely benefit from a professional property manager.
Training and Skills
A professional property manager possesses the skills to manage whatever arises, whether it be changes to legislation, tenant issues or insurance claims. Our property managers are highly trained, skilled, and prioritise ongoing professional development – not to mention they are across the latest laws and legislation. They keep up to date with changes as they happen and can keep their landlord informed about any possible legal issues and handle them as they occur. Often having a professional manage your investment for a small fee can mitigate larger issues and costs down the track.
Industry only resources
There are tricks to the trade and software that goes along with them. Our property managers have access to the best industry-only resources and programs to ensure detail, precision and high-level management are prioritised. A professional property manager has access to industry-only websites for advertising your property, which is where the majority of enquiry comes from.
Well connected professionals
Whether it’s finding you the perfect tenant or managing long-term ones, our team’s professional approach and ability to develop, grow and nurture relationships is the key to our stellar track record. Screening applicants and checking references at the onset saves landlords time and prevents headaches down the track, and our team has extensive networks to ensure any issues are avoided. Problems can often arise at the end of a tenancy, whether it be the tenant failing to give adequate notice or wishing to terminate for no fair reason. By using a professional, their role is to ensure the agreement is terminated correctly and that the property is vacated in the same condition it was in at the beginning of the lease.
“Whether it’s finding you the perfect tenant or managing long-term ones, our team’s professional approach and ability to develop, grow and nurture relationships is the key to our stellar track record.”
Saves time and stress
The ability and time to solve problems and arrange rectification works is something we believe is worth more than money. Our team can troubleshoot without fuss, whether it be minor issues like a leaking tap or larger ones like storm damage on a long weekend. We have reliable tradespeople we can gather quickly and efficiently. In contrast, many landlords often end up waiting for more extended periods to help fix even the smallest of issues.
Accountability is one of the key reasons people hire professional property managers. There is an important element that is keeping tenants and landlords accountable – ensuring everyone is aware of their mutual obligations in the contract. Our team are experts at providing ongoing education to all parties on their commitments to ensure security within the investment. A professional property manager will conduct regular inspections to ensure the property is maintained and promptly address it if that is not the case.
Contact Vivien Rendina
Ph: 0412 120 710
For a no-obligation chat with one of our team about your investment property, please get in touch with our property management department on (02) 4908 5900.