Why Hiring a Property Manager Means More Money for You If you compare a property investor who hires a property manager and a property investor who manages the property, the first type of investor is more likely to profit more from their investment. A recent study indicated that investors who seek the help of a professional real estate manager received more money from the investment. According to the BDRC Jones Donald Australian Private Property Investor Study, property investors who hired a property manager enjoyed better returns than those who were selfmanaging. The study showed that more than half of those who had a professional to manage their properties were 15% more likely to gain positive rental returns compared with those who try to manage a rental property on their own. Some people want to avoid the extra expense of hiring a property manager, but as the study showed, in the end it is in fact the more profitable option. Here are some of the reasons why that is so. Growing Investments If you have a property manager handling your property, all or most of the tedious aspects of the work are done for you. This gives you enough time to think about other investments. Perhaps you can look at other properties to invest in. If you are managing the property yourself, you will spend most of your time managing the property. The money you pay your property manager is so much worth the time you get to grow your portfolio and thereby improve your chances at profitability. Benefiting from Real Estate Expertise Hiring a property management Brisbane firm provides you easy access to valuable expertise that would take you longer to master on your own. Property managers are experts on everything about the real estate business, from the legal aspect to the construction side. One day your rental property may have to deal with a delinquent tenant and you need to take legal action to fix the situation. If you have a property manager, they can handle it for you. Marketing Advantage The best benefit that an investor can get from hiring a property manager is marketing. Putting your property under the care of a known real estate firm gives it an edge advertising-wise. This is especially true if the property manager you have chosen is very good at getting the best
rental rate for your property. Your investment also becomes profitable if the manager works hard to maintain a low vacancy rate for your rental property. Hiring a professional real estate manager will cost you extra money, but with the benefits that go with it, that extra cost is really a good investment. For the best in property management, click here. http://www.epropertyrentals.com.au