The benefits of hiring a property manager
Hiring a property manager to oversee the day-to-day tasks and responsibilities of your rental home is a wise decision.
Namely, you have the security of knowing you have employed a professional body to help mind your investment.
The popular and convenient option
Around 60 per cent of investment properties in Western Australia are professionally managed by a real estate agency and the remaining 40 per cent are self-managed by private owners.
If you work part-time or are retired, have some basic legal competencies and understand the complexities of the Residential Tenancies Act (RTA), then managing your own property may work for you, but for the majority of investors this isn’t the case.
Many private owners don’t understand their legal obligations under the RTA and can find themselves in difficult situations as a result.
Owners can underestimate the amount of time that goes into managing a property, or just how complex, expensive and unpleasant things can become if a dispute arises.
This is where a property manager can be invaluable.
What can you expect from a property manager?
From the start, a good property manager can arrange the public viewing of the property and then thoroughly check all applications and references from prospective tenants.
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