If you’re investing in property, a Property Manager is an absolute must. Managing your property portfolio yourself is going to soak up a lot of your time especially once your portfolio starts to grow to a large size.
A quality Property Manager will have a high level of experience and knowledge within the industry. They need to know the ins and outs of your rights as a landlord and be willing to act in your best interest at all times.
Your Property Manager will market your properties effectively to get the highest volume of potential tenants and then assess these tenants to ensure they are quality tenants. You also want to streamline any council rate bills and water bills to be sent directly to the Property Manager to pay, giving you more time back in your life, and that’s what they charge commission for!
Again, finding a good quality Property Manager that personally invests in property is also important. This shows that they have personal experience investing. This will allow them to understand your goals, align with your values and help you to achieve great results.