About Harbour Quays
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Why You Should Hire A Property Manager
Rental properties can be an excellent investment opportunity - if you have already invested in rental property or you plan to purchase a property and begin your journey as a landlord, you may wonder what comes next.
Once your property is ready to go, it's time to figure out all the nuts and bolts of how to manage your property.
There are two main options to consider for managing your rental property — managing your own property vs. hiring a property manager.
What does a property manager do?
Property managers do much more than just collect rent and arrange repairs, they’re responsible for managing the entire “life cycle” of a tenancy.
The list of tasks a property manager does includes (and is not limited to):
- advertising the property for rent;
- managing and attending viewings;
- screening tenants, including doing reference checks and reviewing rental history;
- managing the condition report process from start to finish;
- managing the tenancy agreement signing process and handling questions;
- collecting and managing rent from tenants;
- managing financial accounts related to the investment property and providing regular reports;
- inspecting the property regularly;
- organising tradespeople, in negotiation with the landlord, for urgent repairs and regular maintenance;
- providing suggestions and advice to the landlord;
- staying up-to-date with tenancy laws to ensure compliance.
With a list that long, deciding who will take care of these responsibilities is an important decision. Self management may save you money, but property management will save you time and effort, ensuring things get taken care of quickly and professionally.
The property management team at Harbour Quays are passionate about ensuring you receive the very best in skills and service. Our team takes the time to understand the needs of each property owner and work endlessly to ensure those needs are met.
Contact our team today and let's connect!
Posted on 7 May 2023
Disclaimer: This blog post is not to be considered legal advice. If you are seeking specific legal advice we suggest that you consult a legal professional before making any significant decisions in this regard.