The right time to hire a Property Manager (Property Management)

A rental property is a great long term investment, but being a DIY landlord isn’t for the faint of heart

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:

  1. Tenant finding and referencing
  2. Legal requirements for landlords and tenants
  3. Tenancy contracts and agreements
  4. Maintenance requirements and issues
  5. Advertising
  6. Experience in local demographics e.g. student housing, holiday rentals
  7. Rent collection

References

  1. How to Select a Residential Property Manager ( wikihow.com)
  2. Deciding how to manage your investment property ( qld.gov.au)
  3. Hire a Property Manager or Do It Yourself? ( zillow.com)

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