5 Reasons Why Professional Property Management is Critical Right Now
Lachlan Turner | September 24, 2021
Partnering with a professional property management team has always been the best way to ensure your investment is in the safest hands at all times. However, in current times it is more important than ever to align yourself and your investment with an experienced team. Why? Here are 5 reasons why a professional property management team is critical right now.
1. PM’s have the tough convo’s
Who wants to contact their tenant about unpaid rent and overdue water bills? Or even better, be called on a Saturday night about a dripping tap or broken toilet? These are the roles that a savvy PM will play so you can be a passive investor and let them do all the tough stuff.
2. PM’s know tenancy laws backwards
Tenancy laws are trickier enough but since COVID19 another whole layer of rules have been introduced which smart PM’s are right across and working with daily. Let them negotiate with the tenants and know that your best interests are put first and tenants are treated fairly, with respect and with the outcome of a positive long-term relationship at heart.
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Most insurance companies have closed their books on new landlord insurance policies. A handful are still working with a handful of agencies as insurance companies know that good PM’s make all the difference.
Risk management for owners is also endless now – smoke alarm compliance, gutter cleaning, pest control, the list goes on. A property manager can help with all of this – and continue to keep on top of it.
A smart agent will utilise video inspections, use software to filter inquires and manage tenant applications so that your property is let quickly. For the owner that result is simple – more money in your pocket (and for a premium price in the current market).
5. Finding The Right Tenant
Having a bad tenant is a nightmare. A good property manager has many resources available to check that the tenant they are recommending is right for you. These products are generally not available to a private landlord, or a cheap agency won’t bother to pay for the checks. Quality matters!
Article by Lachlan Turner
Lachlan has been successfully selling a diverse range of residential real estate in all price ranges and metropolitan locations for seventeen years. This broad spectrum of properties stems from Lachlan’s relationship based approach with his clients rather than mere geography. As any seller would expect from a professional agent, Lachlan… VIEW PROFILE