Why Use a Property Manager?
Most experienced property investors use
Why? Because they make you money.
By Glenn Murray *
Property management isnt just about collecting rent.
Its about ensuring your property is always rented, ensuring you have the best
possible tenants, and ensuring youre getting the
best possible rent. Its about keeping the property well maintained, tracking
and income, and dealing with the legalities of leases and the rights of tenants.
This is what property managers do. Its their core
business. For a landlord, the benefits are significant.
Save Valuable Time
The most obvious benefit is time saving. You dont have
to spend an hour or so each week making phone calls, placing ads, interviewing prospective
tenants, speaking to solicitors, speaking to your tenants, collecting rent, organising
tradesmen and so on.
How much could you earn in that hour if you were focussing on
your work rather than chasing your tail?
Know Your Market
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 wholl want it. They know
the best ways to reach the market and they have the resources to do it.
A property manager with some real marketing nous can earn you
thousands every year, just with an intelligent marketing campaign.
Know Your Rights
Rental legislation is constantly changing. Its
important that you know your rights as well as the rights of your tenants. But most people
dont even know where to start looking.
Property managers work with tenancy legislation every day.
They know all the ins and outs, as well as the pitfalls and loopholes. Theyre
experienced in all aspects of lease negotiation from bond to maintenance agreements
Most importantly, theyll protect your rights as a
Get Good Tenants
Most good tenants will only rent through property managers.
The whole process is much more streamlined and convenient. Payments can be made
electronically, their questions can be answered quickly, and everything can be done during
The opposite is true of bad tenants. They target privately
managed rentals, because thats generally all they can get.
Property managers chase down and validate every reference,
and they get to know problem tenants. They do everything possible to provide you with a
hassle-free investment because they know the eviction process is every landlords
worst fear. You cant just kick someone out without notice. The whole process can
But if youre unlucky enough to end up with a
problematic tenant, a property manager will manage the whole eviction process
including all dealings with tenants, sheriffs, and court officials.
Sure, you can juggle all of these elements yourself, and
youll save yourself a small management fee
But whats the cost? Do you
want to work for your investment or do you want it working for you?
* Glenn Murray is an advertising copywriter and heads copywriting studio Divine Write. He can be contacted on Sydney +612
4334 6222 or at firstname.lastname@example.org. Visit http://www.divinewrite.com for
If youd like a newsletter article
or press release written from scratch, please call Glenn on Sydney
Australia +612 4334 6222.