Property Manager V’s DIY Property Management There has been a debate for some time regarding whether there is a need for a property manager to look after one’s investment property or to do it yourself. There are many arguments for and against and we will explore this further below. The role of a property manager A property manager can be thought of as a buffer between tenants and landlords. Property managers are hired by Landlords to manage their investment property and ensure that the rent is being paid and care is being taken. These managers are hired by landlords to manage a commercial or residential parcel with regard to some rules and regulations. Tattersalls Real Estate has their Dedicated Asset Management Division that goes beyond the reach of a local corner real estate to ensure the investment property is constantly performing for them. A few things that that Tattersalls Real Estate do for their landlords are: Advertise
properties
through
the
2
major
real
estate
platforms.
Realestate.com.au and Domain.com.au Extensive tenant screening, background checks, National Tenancy Database checks, Chronological audit of the tenants past rentals and employment. Manage financial accounts and produce statements Pay outgoing on behalf of the Landlord Receive and disburse rent from the audited trust accounts
Complete Quarterly property inspections with photos Complete random curb side inspections to ensure there are no extra people staying at the property Source and organise tradespeople for performing repair and maintenance jobs Ensure all works and notices are in accordance with NSW legislation.
The Landlord Occasionally, tenants have the ‘Tall Poppy Syndrome’ in regards to how they see their Landlords and a property manager is the perfect buffer to reduce this and step in to say ‘No’ when needed, or to ensure all notice has been adhered to when serving breach notices for failure to pay rent or to ensure care for the property. Managing one or two properties can be time consuming and expensive and often lead to an unproductive way of managing assets. Having to travel to open inspections, routine inspections or travel to the property every time there is a repair issue. That’s what the property 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 can find better tenants as we have access to both the major real estate domains which are expensive for someone managing just a couple properties. Often Landlords can only advertise their own properties on Gumtree and the like, which unfortunately receives tenants who are more likely to have no or poor rental history. When hiring Tattersalls, you have a team of specialist, Accounts, Marketing, Repairs and Property Managers all with years of experience along with street smart and knowledge of legislation. Our audited trust accounts ensure every cent is accounted for and provide reports to you when needed, at no cost. All for the competitive fee of just 4.4%, Tattersalls can manage your property and do what we do best whilst allowing you to continue to spend your time and energy on what you do best For more information regarding Real estate agency NSW visit our website http://tattsre.com.au/