There is a huge debate for a while regarding whether there is a need for home manager to provide for 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 a home manager
A property manager can be thought of as a buffer between tenants and landlords. Holiday accommodation in Blue Mountains are hired by Landlords to control their investment property and make certain how the rent has paid and care will be taken. These managers are hired by landlords to manage an advert or residential parcel intended for some rules and regulations. Tattersalls Real Estate has their Dedicated Asset Management Division that goes beyond the reach of your local corner real estate property to guarantee the investment property is constantly performing for the children. A few things that that Tattersalls Real Estate do for his or her landlords are:
Advertise properties through the 2 major real-estate platforms. Realestate.com.au and Domain.com.au
Extensive tenant screening, background checks, National Tenancy Database checks, Chronological audit from the tenants past rentals and employment.
Manage financial accounts and produce statements
Pay outgoing on behalf with the Landlord
Receive and disburse rent through the audited trust accounts
Complete Quarterly property inspections with photos
Complete random curb side inspections to make sure there won't be any extra people staying in the home
Source and organise tradespeople for performing repair and maintenance jobs
Ensure all works and notices come in accordance with NSW legislation.
Property Management
Property Management
The Landlord
Occasionally, tenants hold the 'Tall Poppy Syndrome' when it comes to the way they see their Landlords and a property manager is the best buffer to reduce this and step in to express 'No' as needed, or ensure all notice has been adhered to when serving breach notices for failure to pay rent as well as to ensure care for the exact property. Managing 1 or 2 properties could be frustrating and expensive and quite often lead to an unproductive means of managing assets. Having to go open inspections, routine inspections or go the exact property whenever there's a repair issue. That's what the house manager does because of their Landlords, is take all of the stress out from the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division can find better tenants even as have access to the major real estate property domains that are expensive for someone managing a few properties. Often Landlords could only advertise their own properties on Gumtree etc, which unfortunately receives tenants who will be more prone to don't have any or poor rental history. When hiring Tattersalls, there is a team of specialist, Accounts, Marketing, Repairs and Property Managers all with numerous years of experience in addition to street smart and knowledge of legislation.
Our audited trust accounts ensure every cent is landed and still provide reports to you personally as required, without cost.
All for that competitive fee of just 4.4%, Tattersalls can manage your property and do that which you do best whilst helping you to carry on and hang around as well as on what you are doing best
Property Manager V's DIY Property Management
·
2 min read
