A large number of professional property investors use residential or commercial property managers. Why? Because they make you money.Residential or commercial property management isn`t only about collecting rental payments. It`s about making sure your residential or commercial property is always rented, ensuring you have the best possible renters, and ensuring you`re getting the biggest possible rental fee. It`s about always keeping the residential or commercial property well maintained, tracking charges and income, and dealing with the legalities of leases and the rights of occupants. For more information -
This is what residential or commercial property managers do. It`s their core business. For a landlord, the benefits are considerable.
Save On Valuable Time
The most visible benefit is time saving. You don`t have to spend an hour or so each week making phone calls, placing ads, interviewing prospective renters, speaking to solicitors, speaking to your tenants, gathering rent, organising tradesmen and so on.
How much can you earn in that hour if you were focussing on your job rather than chasing your tail?
Know Your Market place
Residential or commercial property investment is a business. To succeed in business, you need to know your market.Property managers make their living out of knowing the rental marketplace. They know how much your property is worth and who`ll want it. They know the best ways to reach the market and they have the resources to do it. We at - are experts.
A property manager with some real marketing nous can earn you thousands every year, just with an intelligent marketing campaign.
Know Your Legal rights
Rental legislation is constantly changing. It`s important that you know your legal rights as well as the rights of your tenants. But most people don`t even know where to begin looking.Property managers work with tenancy legislation every day. They understand all the ins and outs, as well as the pitfalls and loopholes. They`re knowledgable in all elements of lease negotiation– from bond to routine maintenance agreements to removal.
Most notably, they`ll safeguard your legal rights as a lessor.
Obtain Good Tenants
Most great renters will only lease through property managers. The whole process is much more structured and convenient. Payments can be made in an electronic format, their questions can be addressed quickly, and everything can be done during office hours.
The reverse is true of bad occupants. They focus on privately managed rental units, because that`s usually all they can get.
Property managers chase down and verify every recommendation, and they get to know trouble occupants. They do everything possible to provide you with a hassle-free investment simply because they know the removal process is every property owner`s main worry. You can`t just boot someone out without notification. The whole process can take several months.
But if you`re unlucky enough to end up with a bothersome renter, a property manager will manage the whole eviction process– including all dealings with renters, sheriffs, and court officials.Sure, you can manage all of these factors yourself, and you`ll save yourself a small management fee … But what`s the cost? Do you want to work for your financial investment or do you really want it working for you? Get in touch with - today.