Investing in residential property is one of the smartest ways a young investor can start to create wealth via both property equity as well as passive income.

There is however a fair degree of management that needs to go in to renting out a property and the temptation is always to attempt to manage the property on your own. Experienced investors with multiple properties will all have their fair share of horror stories about renting out a property and almost all eventually come to the conclusion that a good property manager is essential.

Some of the more pressing advantages a property manger should be part of your planning includes:

1. Legal compliance: A good property manager is well-versed in the laws and regulations related to property management in NSW, and can ensure that your property is being managed in compliance with these laws.
2. Tenant screening: A good property manager will screen potential tenants thoroughly to ensure that they are financially stable and have a good rental history. This can help to reduce the risk of tenant defaults or eviction.
3. Rent collection: A good property manager will collect rent on your behalf, and will ensure that it is paid on time. They will also handle any late payment or eviction issues that may arise.
4. Maintenance and repairs: A good property manager will handle all maintenance and repair issues that may arise at your property. They will also arrange for regular inspections to identify and address any potential issues.
5. Time-saving: A good property manager will handle all aspects of property management, including tenant communications, rent collection, and maintenance, which saves you time and allows you to focus on other aspects of your property investment.
6. Professionalism: A good property manager brings a level of professionalism to property management that can help to attract and retain quality tenants.
7. Return on investment: A good property manager can help to maximize your return on investment by ensuring that your property is well-maintained, that rent is collected on time, and that your property is occupied by quality tenants.

Our clients include both first time property investors as well as multiple property owners. We work hard to ensure our property owners enjoy a high level of trust and communication with us and that their investment is both protected and maximised.

If you’d like an obligation free discussion about how we would manage your properties contact us via this form or call us on 0417 867 505.