A property manager is an invaluable resource for any landlord looking to save time and maximise their rental returns. Here’s why:
Property managers will have a full understanding of the Residential Tenancies Act, meaning they’ll take care of the legal details of your rental so you don’t have to.
They’ll have a firm grasp on the current state of the rental market, too. This means that, when appraising your property, they’ll have an accurate perspective of market value. This, in turn, will help you to secure the highest possible rental returns.
Thorough tenant screening
Any good property management firm will operate a thorough tenant screening process. Not only will this allow you to attract the precise tenant demographic you’re after, the property management firm will also help you to select a tenant based on the longevity of their previous tenancies. This will help to ensure you’ll receive smooth, consistent returns.
Property maintenance and income management
Property managers will manage your property’s rental income, run regular inspections, schedule required maintenance, and keep a finger on the market pulse to make sure your rental charge is an accurate reflection of the market.
They’ll also handle the property as tenants vacate and can even help with taking the tenants to VCAT if required.