The Pro’s and Con’s of hiring a property manager
A big decision for landlords is whether to manage their rentals themselves, or pay a property manager to do it for them.
Managing your rental yourself can be more cost effective, but sometimes it can be demanding as attending to requests, queries, and maintenance can be frustrating and time consuming.
What services do Property Managers provide?
To keep your landlord insurance valid, your property manager should meet your landlord obligations so you don’t need to worry about them yourself.
Some of the other main services of a Property Manager include:
- Finding new tenants when the house is empty
- Assess prospective tenants’ suitability and review reference checks
- Collect rental payments from tenants
- Carry out regular property inspections to ensure you comply with your insurance policy.
- Deal with and look after tenants – answer queries, book tradespeople for repairs, and generally act as a go-to for tenants.
- Deal with the legislative ins and outs.
- Regular rent reviews
- Assess and recommend improvements to your property so that you can attract higher rents and better tenants
Pros and Cons of using a Property Manager
When you employ the services of the Quality Rental Management team you can be sure that you will be dealing with a highly experienced, skilled property manager. The staff at Quality Rental Management have been trained to think and act like a landlord, so that your property will be given all the attention it requires. While self management might save you a property management fee, having the right property manager could mean higher rents and less days unoccupied meaning more rental income.
If you are looking for a property manager in the Waikato, contact Quality Rental Management, and see what they can do for you.