What can you expect from a property manager?
Property managers can be invaluable, especially if you don't have much experience with rentals in Surfers Paradise, or own several properties that require your attention.
If you're new to the concept of property management, then it's important to be aware of what you should expect from the service. Although the packages supplied by different agents will vary, there are nevertheless some common characteristics you are likely to come across.
Here are just some of the tasks your property manager is likely to be performing to make your life easier when it comes to being a landlord.
Finding tenants on your behalf
Few landlords have the time or inclination to locate tenants for their rentals in Surfers Paradise. This is something a property manager will take control of on your behalf, as they can vet potential tenants to ensure they are trustworthy.
You might think this process isn't time consuming, that is until you try it out for yourself. Checking references and interviewing candidates is only part of the job – as soon as your tenants move out, they will need to be replaced and so the cycle starts again.
A good property manager will know what to look for in tenants and the right questions to ask to make sure they're fit for the home you are renting out.
Ongoing maintenance and repairs
Rental property is just as demanding as when you live in it yourself – if not more so. There is going to be general wear and tear that needs to be taken care of, which is something a property management company can do on your behalf.
Whether it's a carpet that needs replacing or a faulty shower that requires the attention of a plumber, these are issues you won't have to concern yourself with.
Although you might own the Surfers Paradise property, this is no guarantee that you will also be living nearby. Knowing there is someone on hand to deal with these problems can give you peace of mind that your investment will keep ticking along nicely – even if you're on the other side of the country.
Gathering rent from tenants can be difficult, especially if they are particularly untrustworthy. Rather than having to cope with the legalities of this yourself, a property manager can take charge.
So the next time your tenant defaults on their rent, you can rest assured there is someone chasing it on your behalf. You can sit back and enjoy the income from your Surfers Paradise property without getting involved in any of these potential difficulties.
Attending to the issues that arise with your property could end up consuming more of your time than you would like, especially if tenants are always on the end of the phone demanding your attention.
A property manager will be able to take control of this for you, dealing with any queries as they arise so you can spend your time elsewhere. Many landlords have other jobs outside looking after their property, which is why management services can prove so invaluable.
Dealing with emergency situations
It's not only those daily gripes you need to deal with as a landlord, but also any emergencies that may arise. Burst water pipes and fires are a reality of owning any property and can be difficult to deal with if you're not living there yourself, or even close by.
A property manager will be able to make the necessary arrangements to deal with the situation at the time. This way, you can avoid any midnight calls demanding your attention and cope with whichever issues occur at a later stage.