There is a debate for a long time regarding whether there is a requirement of home manager to take care of one's investment property or diy. There are many arguments for and against and we will explore this further below.
The role of a home manager
A property manager could be thought of as a buffer between tenants and landlords. Property managers are hired by Landlords to manage their investment property and be sure how the rent has paid and care will be taken. These managers are hired by landlords to deal with an advert 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 his or her landlords are:
Advertise properties over the 2 major real estate platforms. Realestate.com.au and Domain.com.au
Extensive tenant screening, background record checks, National Tenancy Database checks, Chronological audit from the tenants past rentals and employment.
Manage financial accounts and create statements
Pay outgoing on behalf with the Landlord
Receive and disburse rent from the audited trust accounts
Complete Quarterly property inspections with photos
Complete random curb side inspections to be sure there are no extra people residing at the home
Source and organise tradespeople for performing repair and maintenance jobs
Ensure all works and notices come in accordance with NSW legislation.
Property Management
Property Management
The Landlord
Occasionally, tenants contain the 'Tall Poppy Syndrome' in terms of how they see their Landlords and home manager is the perfect buffer to relieve this and help to state 'No' as needed, as well as to ensure all notice has been followed when serving breach notices for failure to cover rent as well as to ensure care for the exact property. Managing one or two properties could be frustrating and expensive and quite often cause an unproductive method of managing assets. Having to visit open inspections, routine inspections or travel to the property every time there's a repair issue. That's what the property manager does for Landlords, is take each of the stress out from the process.
The real difference
The real difference is, Tattersalls Real Estate's Dedicated Asset Management Division can find better tenants even as have access to both the major real estate domains which are harmful for someone managing just a couple of properties. Often Holiday homes Blue Mountains can only advertise their very own properties on Gumtree and stuff like that, which unfortunately receives tenants that are very likely to have zero or poor rental history. When hiring Tattersalls, you do have a team of specialist, Accounts, Marketing, Repairs and Property Managers all with many years of experience along with street smart and knowledge of legislation.
Our audited trust accounts ensure every cent is taken into account and offer reports to you personally as required, totally free.
All for that competitive fee of just 4.4%, Tattersalls can manage your premises and do what we do best whilst allowing you to always hang around as well as about what you are doing best
Property Manager V's DIY Property Management
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2 min read
