Did you know 40% of Kiwis use property managers compared to 90% of Aussies?
Having a good property manager in your corner who is armed with information, knowledge and decades of experience can make a huge difference to your experience as a property investor. They can be a sounding board for your ideas and can help you maximise your returns and opportunities.
Since the Residential Tenancies Amendment Act 2020, more responsibilities and regulations have been added to the landlord’s list. Here a few reasons why more people are turning to professional property managers for help.
Advertising for and selecting tenants
From advertising, managing enquiries, hosting viewings, selecting and vetting tenants, a professional property manager can help reduce vacancies, ensure you maximise your rental income and secure quality tenants. Property managers meet with potential tenants every single day and having someone in your corner who is experienced in what to look for in a good tenant can make a huge difference. A property manager will also take care of all the paperwork to ensure your tenancy agreement is accurate, lawful and contains detailed terms and conditions to help protect you in the future.
Property inspections and maintenance
A good property manager will have a thorough process for ingoing and outgoing property inspections which is essential should there be a future disagreement. Routine inspections can be awkward if you’re not used to conducting them, but for property managers they are everyday tasks. They can also arrange repairs and maintenance and often have preferred relationships and discounted rates with quality contractors which means you’re not left having to organise quotes and secure tradespeople.
Rent and bond
From ensuring you get the maximum rent at the outset, to gradual rent increases over time to make sure you get the best return on your investment, enlisting a professional to manage your rental property means your investment works hard for you – not the other way around. If you are keen to avoid direct negotiation with tenants and don’t want the hassle of collecting rent or lodging bonds, a property manager will have a robust system to get things ticking over without any fuss and should something go wrong they will have a system to deal with things promptly to ensure things don’t spiral out of control.
Tribunal representation and legal expertise
Despite all the hard work, sometimes disputes end up in court. Property managers understand the law, have experience working with the Tenancy Tribunal to resolve issues and can help by defending a case in court – taking the stress off the property owner.
If you’re currently trying to do it all on your own, or you’re with another property manager and don’t feel like you’re getting the level of care or expertise you deserve, perhaps it’s time to make the switch to A1 Property Managers. Transferring to us is simple and won’t cause disruption to existing tenants.
Give us a call today on (03) 351 7643 – we’d love to talk to you about your options, or you can find out more about the services we offer here.
An active investor with her husband Hamish, Claire loves to inspire & inform others, all whilst juggling three little boys and living her mantra to eat well and travel lots.