Property Manager V's DIY Property Management
There has become a debate for a long time regarding whether there is a need for a property manager to take care of one's investment property or try it for yourself. There are many arguments for and against and we will explore this further below.
The role of home manager
A property manager could be thought of as a buffer between tenants and landlords. Property managers are hired by Landlords to control their investment property and make sure that this rent is being paid and care is being taken. These managers are hired by landlords to handle a commercial or residential parcel with regard to some regulations and rules. 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 the children. A few things that that Tattersalls Real Estate do for his or her landlords are:
Advertise properties from the 2 major real estate platforms. Realestate.com.au and Domain.com.au
Extensive tenant screening, criminal background checks, National Tenancy Database checks, Chronological audit with the tenants past rentals and employment.
Manage financial accounts and create statements
Pay outgoing on behalf with the Landlord
Receive and disburse rent in the audited trust accounts
Complete Quarterly property inspections with photos
Complete random curb side inspections to make sure there isn't any extra people residing at the home
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' in regards to where did they see their Landlords and a house manager is the perfect buffer to lessen this and step up to express 'No' when needed, or to ensure all notice has been adhered to when serving breach notices for failure to pay for rent as well as to ensure care for the home. Managing one or two properties might be frustrating and expensive and quite often lead to an unproductive method of managing assets. Having to go open inspections, routine inspections or visit the house every time you will find there's repair issue. That's what the house manager does for their Landlords, is take all the stress out of the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division will get better tenants once we have accessibility to both the major property domains which can be expensive to someone managing just a couple of properties. Often Landlords could only advertise their own properties on Gumtree etc, which unfortunately receives tenants that are prone to have zero or poor rental history. When hiring Tattersalls, you've got a team of specialist, Accounts, Marketing, Repairs and Property Managers all with many years of experience along with street smart and knowledge of legislation.
Blue Mountain Executive Retreat audited trust accounts ensure every cent is included and offer reports for you if 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 take your time and about what you need to do best