You have done all the hard work when you acquired your property or properties, and now even ore hard work will begin. You need to rent the properties out, interview prospect tenants, check out their references, get first month and last month rent up front, get a damage deposit and then spend the rest of your time running after your tenants for their rent money, all the while dealing with issues with the property. Or, you could leave all this work up to the experts and hire yourself a company that does property management.
These guys make being a landlord so much easier and they know and understand the ins and outs of the property market. If you avail yourself of their property management services in Sydney, then they will take care of everything that has to be done and it will only cost you a small fee in relation to having to run around and do all the work yourself. It is money well spent and it is the smart move, if you want to avoid the stress and hassle that you don’t need.
The following are just a few of the many benefits, to using a property management service in Sydney and after reading, you will understand what all the fuss is about.
- You get better quality tenants because they do all the necessary screening for you. You might make the mistake of choosing someone just because they seemed nice, but they may turn into the tenants from hell. Property management services use tried and tested methods to find tenants that will rent over the long term, will pay their rent always on time, and will take care of your property, so that there are no issues or problems over their time staying there. They recognise the red flags and will act accordingly.
- As a landlord, you may be aware of what are termed as ‘problem tenants’ and these are people who can make your life a living hell and you may end up taking them through the courts just to get them out of your house. You need to be able to avoid legal problems such as these and this is where your property management company comes in. They will screen, evict, if necessary, do inspections periodically of your property and make sure that the law is being adhered to at all times.
- They will make sure that your property is not vacant for a long time when the previous tenant moves out. They will advertise the property and get it ready for viewing by the next prospective tenant. They will also figure out the right rent to charge. Too high and no one will come, too low and you get the wrong kind of tenant.
To make sure that your investment is doing as well as it should be, be sure to use property management services. As a landlord, you need stability and they can provide that for you. Make the right decision and earn well from your property.