Even the most organised landlords with the most robust, best-appointed properties have problems during a tenancy. Many of these problems are unpredictable and frustrating so, for this reason alone, keeping a little professional distance from your tenant can be a great thing.
We all like to think of ourselves as level-headed, but at the end of the day it takes a special kind of person to deal with the ups and downs of property management. Behind the seemingly simple task of collecting rent every month lie potential problems that can push people to their limits. What would you do in the unfortunate event that tenants cause serious damage to the property or conduct illegal business in the dwelling?
There’s no question that being a landlord comes with serious responsibilities and it can be hard work. Professional people want to deal with professional people, so investing in a property management service can be worth its weight in gold. Don’t just take our word for it, here are five reasons why this summer may be the time to instruct a property manager:
1. Dedicated point of contact
If you’re managing your own property, your tenant could call you at any hour and expect you to act fast. However, a property manager becomes the first point of contact for a tenant, meaning that you’re free to focus on other interests with minimal disturbance.
2. Expert knowledge of legislations and laws
The government is constantly updating and introducing regulations that affect landlords and their investment properties. Keeping yourself in compliance can be time-consuming and overwhelming, and costly if a regulation is missed. It’s a property manager’s business to know about any upcoming or existing legislation, so you can relax with the peace of mind that your property is well looked after and compliant.
3. Access to tried and tested maintenance partners
Finding a good plumber, electrician or builder is tough enough during weekday working hours, and almost impossible on a Sunday evening. A property manager will have an address book of fully accredited, good-value tradesman who they can call if your property has an issue.
4. No waiting around for workmen
Most tenants will not want to take a morning off to wait around for a plumber, and if they won’t, you may have to. A property manager holds a set of keys in the closest office, so their carefully vetted tradesman can collect them at any time, let themselves into the property and carry out the work – leaving you and your tenant to go about their day as usual!
5. Increased tenant retention
Property managers are professionals at keeping tenants happy by being responsive, available and taking care of problems as they arise. These tenants are more likely to renew tenancies, meaning less void periods and no new tenancy costs.
A property manager can be a sound investment for your property, streamlining your business and freeing up time to focus on the important things in life. You can still take advantage of our service even if you (or another agent) has found the tenant. Get in touch today to discuss our property management service; all it takes is a simple phone call and then you can leave all the administration to us!
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