There are two common approaches in renting your investment property, the Do It Yourself (DIY) approach or to hire a professional property management agency. The DIY approach proves to be an appealing option for property investors, increasing your immediate cash flow when not paying the services of a property management agency. However the true value of a seasoned professional property manager is worth their weight in gold, as they can add significant value to your investment. Here's how:
How we add value to your investment property |
- A property management agency can accelerate the leasing of your property to the right tenant through focused marketing and tenant screening procedures.
- A property management agency will maximise your rental return by obtaining a top market rent and minimising your expenditure through a policy of active management.
- A good property management agency (hint - True Property Management) will guarantee that they will communicate with you proactively on all matters relating to your property.
- A dedicated property management agency (as opposed to those who also sell real estate) can give total focus on property management meaning they can offer consistently great service.
- A property management agency should provide you with accurate, timely and easy to understand financial accounting and reporting.
- A property management agency will use world class management systems to manage all the activities involved in managing your property.
- A property management agency with access to some of the best marketing experts in the country will ensure your property will be expertly marketed to reach the widest possible audience, quickly attracting a good quality tenant at the best possible rental.
- A property management agency will manage zero tolerance towards rental arrears.
To maximise your rental investment you need to achieve low vacancy rates, zero rental arrears, timely inspections and effective tenant screening. A good property manager will achieve this for you, a very good property manager will guarantee this.
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