There has become a debate for a long time regarding whether there's a requirement of a property manager to take care of one's investment property or to try it for yourself. There are many arguments for and against and we will explore this further below.
The role of a property manager
A property manager could be regarded as a buffer between tenants and landlords. Property managers are hired by Landlords to deal with their investment property and be sure the rent will be paid and care has taken. These managers are hired by landlords to control an advertisement or residential parcel with regard to some rules and regulations. Tattersalls Real Estate has their Dedicated Asset Management Division that goes beyond the reach of your local corner real estate to be sure the investment property is constantly performing for them. A few things that that Tattersalls Real Estate do for 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 in the tenants past rentals and employment.
Manage financial accounts and provide statements
Pay outgoing on behalf from 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 are no extra people residing at the exact property
Source and organise tradespeople for performing repair and maintenance jobs
Ensure all works and notices have been in accordance with NSW legislation.
Property Management
Property Management
The Landlord
Occasionally, tenants have the 'Tall Poppy Syndrome' when it comes to where did they see their Landlords and a home manager is the best buffer to reduce this and step up to express 'No' as required, or to ensure all notice may be followed when serving breach notices for failure to pay rent as well as to ensure care for the property. Managing Blue Mountains accommodation of properties could be time-consuming and expensive and quite often lead to an unproductive way of managing assets. Having to travel to open inspections, routine inspections or visit the exact property whenever there's a repair issue. That's what the exact property manager does for Landlords, is take every one of the stress out with the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division can find better tenants once we have access to the major real estate property domains which are harmful for someone managing only a few properties. Often Landlords is only able to advertise their unique properties on Gumtree etc, which unfortunately receives tenants who will be more likely to haven't any or poor rental history. When hiring Tattersalls, you do have a team of specialist, Accounts, Marketing, Repairs and Property Managers all with numerous years of experience together with street smart and knowledge of legislation.
Our audited trust accounts ensure every cent is included and offer reports to you personally when needed, without cost.
All for your competitive fee of just 4.4%, Tattersalls can manage your premises and do what we should do best whilst helping you to still spend your time and energy on which you need to do best
Property Manager V's DIY Property Management
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2 min read
