The moments when a great property manager is a must
When it comes to renting out your investment property, a great property manager is a must. Their role is to look after your investment, ensure it maintains its value and is cared for properly by the right type of rental occupier.
The reality is, when all is going well, this job looks easy. The rent comes in every week, maintenance and repairs are effortlessly handled, the rental occupier feels valued, and one rental agreement transitions smoothly to the next.
But, make no mistake, property management is no easy gig.
It requires an intimate and up-to-date knowledge of relevant legislation, great people skills, attention to detail, and the ability to navigate all the different needs of property owners, renters and even those tasked with repairs.
So, let’s look at some moments when a great property manager is a must…
Seamless but never easy
As we mentioned, a great property manager makes the process look easy.
Their skill lies in ensuring that the right rental occupier is attracted to the property and lives there in peace and privacy.
As a result, the rent comes in on time every week, and the property is looked after.
Regular inspections are carried out, any required repairs are tended to, maintenance happens when it needs to.
In the process, the owner has all the documentation they need, and both property owners and occupiers are aware of and adhere to the applicable rental law.
This professionalism ensures your rental property feels relatively effortless. You can rest assured everything’s being looked after by the property manager and your investment is in safe hands.
And that’s how the rental experience should feel. But as we know, occasionally ‘life happens’ and that’s when a great property manager is worth their weight in gold.
Here are just some examples of when the professionalism and skill of a great property manager cannot be underestimated.
When your property is empty
A rental property that is languishing on the market without rental occupiers is a huge expense that no investor wants to experience.
A great property manager will seek to mitigate this risk by proactively advertising the property at the right price point, offering advice on how you can attract good rental occupiers and by sourcing potential people who are suitable to rent your home.
In the process, they will carry out all the checks and balances to ensure any applicant can afford to pay the rent, is of reputable character and will look after the home.
When disaster strikes
The floods, bushfires and cyclones of recent years have all illustrated just how fickle Mother Nature can be, and who could have predicted a global pandemic that resulted in rental moratoriums and a whole host of other challenges?
In all these instances, property managers were the quiet achievers behind the scenes, organising insurance claims and repairs, managing displaced tenants, implementing changed rental laws, and liaising with both owners and occupiers.
When things go wrong
Ideally a rental arrangement will go smoothly, but what happens if the occupier loses their job and can’t pay the rent? Or the hot water system breaks after hours on a Sunday morning?
What if a neighbour is causing trouble, or if a relationship between people renting the property turns sour?
All these examples require the expertise and skill of a professional property manager who knows the rules, has excellent people skills, and will work tirelessly to mitigate unexpected problems as they arise.
When professional expertise is required
Property management isn’t just a job, it’s a profession that relies on ongoing training, a comprehensive understanding of the law, and an ability to uphold those requirements through solid systems and procedures.
In other words, it relies on expertise that includes market knowledge, diplomacy, great organisational ability, and a whole lot of legal nous.
And when you invest in a property manager with this professional expertise, you protect yourself as the property owner and your investment.
How we can help
Our experienced property managers pride themselves on establishing great relationships with both rental occupiers and owners.
We manage every property as if it were our own and you can learn more about our property management services here.
Alternatively, if you are looking to rent a property, you can view the properties we currently have available here.
