There is a debate for a while regarding whether there exists a requirement of a home manager to maintain one's investment property in order to do it yourself. There are many arguments for and against and we will explore this further below.
The role of a house manager
A property manager could be regarded as a buffer between tenants and landlords. Holiday accommodation in Blue Mountains are hired by Landlords to manage their investment property and ensure the rent will be paid and care has been taken. These managers are hired by landlords to handle an industrial or residential parcel regarding some foibles. Tattersalls Real Estate has their Dedicated Asset Management Division that goes past the reach of your local corner real estate to be sure the investment property is constantly performing for them. A few things that that Tattersalls Real Estate do for landlords are:
Advertise properties with the 2 major real estate platforms. Realestate.com.au and Domain.com.au
Extensive tenant screening, criminal record checks, National Tenancy Database checks, Chronological audit of the tenants past rentals and employment.
Manage financial accounts and create statements
Pay outgoing on behalf of the Landlord
Receive and disburse rent through the audited trust accounts
Complete Quarterly property inspections with photos
Complete random curb side inspections to be sure there are no extra people staying at the property
Source and organise tradespeople for performing repair and maintenance jobs
Ensure all works and notices have been in accordance with NSW legislation.
Property Management
Property Management
The Landlord
Occasionally, tenants contain the 'Tall Poppy Syndrome' in regards to where did they see their Landlords and a home manager is the perfect buffer to reduce this and step in to convey 'No' if needed, or to ensure all notice has been honored when serving breach notices for failure to cover rent as well as to ensure care for the exact property. Managing a few properties can be frustrating and expensive and often lead to an unproductive method of managing assets. Having to travel to open inspections, routine inspections or travel to the exact property each and every time you will find there's repair issue. That's what the property manager does for his or her Landlords, is take all the stress out in the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division can discover better tenants once we have accessibility to both the major property domains that are expensive for someone managing just a couple of properties. Often Landlords could only advertise their own properties on Gumtree and the like, which unfortunately receives tenants who are very likely to don't have any or poor rental history. When hiring Tattersalls, there is a team of specialist, Accounts, Marketing, Repairs and Property Managers with numerous years of experience in addition to street smart and knowledge of legislation.
Our audited trust accounts ensure every cent is taken into account and offer reports for your requirements as required, without cost.
All to the competitive fee of just 4.4%, Tattersalls can manage your premises and do might know about do best whilst helping you to still take your time and energy on what you do best
Property Manager V's DIY Property Management
·
2 min read
