Engaging a property manager can be a great, perfect hands-free way to take the stresses out of your property investment.
Property management may sound easy, however, in actual fact, it requires specialist skills and know-how. One may think all Property managers do are glorified rent collectors. But let’s describe it, we also need to be expert negotiators, be incredibly perceptive when it comes to selecting tenants, be diligent with property maintenance, and have in-depth knowledge about the local property market. We also need access to the best local tradespeople. This can enable us to source a locksmith at the dead of night or a plumber on a Sunday morning!
Unless you don’t have a working life, property management is a great way to eat away at your time. Trying to do it all yourself can lead to disaster! You essentially need to be the main point of contact for your tenants. You’ll need to be available 24 hours a day in case of emergencies like a broken tap or lost keys.