Screening tenants, building relationships and maintaining a property is rewarding.
However if you are juggling a property portfolio, a job and a busy private life it may be smart to invest in a property manager to do your heavy lifting.
With the administrative, legal, and maintenance work that goes into running a rental smoothly, hiring professional help can be well worth the cost and guide you through some of the following:
- Tenant finding and referencing
- Legal requirements for landlords and tenants
- Tenancy contracts and agreements
- Maintenance requirements and issues
- Experience in local demographics e.g. student housing, holiday rentals
- Rent collection
- How to Select a Residential Property Manager ( wikihow.com)
- Deciding how to manage your investment property ( qld.gov.au)
- Hire a Property Manager or Do It Yourself? ( zillow.com)