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Your Investment Property in Good Hands with Professional Property Managers 

Trying to self-manage rental properties while working full-time, or managing a large portfolio of other investments, can cause losses when unsuitable tenants leave the property in a poor state or owing rent. Engaging professional property managers to look after all aspects of the tenancy and the property leaves the astute investor plenty of time to look for other opportunities. http://www.propertymanagementrye.com.au

 

 
 
Tags:  Real estate Rye  Real estate Rosebud  Real estate Mornington Peninsula  #real estate Blairgowrie  homes for sale rye  property management rye 
Views:  207
Published:  November 16, 2011
 
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Slide 1: Your Investment Property in Good Hands with Professional Property Managers Whether you are a full time property investor, or have one or two rental properties to top up your superannuation for that distant day when retirement looms, you must be sure that the management of those properties is being done in the most cost-efficient and effective way. There is an old question often asked in management circles – “what is the best use of their time?” It is a question that many investors, busy juggling a number of projects and trying to get some family time, should ask more often. While many people have some knowledge about the laws surrounding rental properties, professional property managers have the knowledge and systems to manage multiple properties efficiently. A full-time property investor needs time to monitor the market, analyse opportunities, attend business meetings, arrange finance and buy and sell property to get a sound return. Time spent on chasing tenants for rent, doing inspections and organizing repairs on rental properties is time lost to nurture other opportunities. Handing the rental properties over to a property manager at a Real Estate Rye agency will see the properties well managed, and allow time to continue building an investment portfolio. Equally, for the small investor who has work and career responsibilities, taking time off to manage a rental property could adversely impact on the most important source of their income – their full-time job. There is a lot of detail involved in securing suitable tenants, performing reference checks, conducting inspections at the beginning and end of the tenancy, and managing the financial aspect of the investment properties. These are all tasks that a professional property management company will perform on the landlord’s behalf. A professional property management company has computer and management systems in place to monitor every aspect of their clients’ properties. These systems are very efficient but generally are too expensive for landlords trying to manage a small number of their own properties. Without good systems, information may not be available quickly enough to take action when potential problems arise, such as a tenant in arrears, or an unusually high number of calls for repairs to the premises. Often, by the time the landlord is aware and moves on the issue, the losses have already run into the thousands of dollars. Professional managers keep track of this data weekly and can step in before the problem becomes too big. A professional property management company, as part of their systems, keeps a database of potential tenants, often pre-qualified, so that when a property becomes vacant, they can have it rented out again in the shortest possible time. Landlords
Slide 2: looking after their own property will experience poorer occupancy rates as they need time to advertise and check references before accepting a new tenant. Most Real Estate Rosebud agencies have a professional property management section that operates independently of their property sales business. This is an advantage, as they receive enquiries from clients looking to buy a property who also need to rent in the meantime. Having your investment properties managed by a reputable property management company is an excellent way to increase the return on investment by minimizing the costs incurred when tenants prove unsuitable. Removing the administrative burden of managing the tenancy and ensuring only quality tenants are placed in the property helps landlords sleep much better at night. http://www.propertymanagementrye.com.au

   
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