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Why you’ll want to hire a property manager

By Kevin Kelly

If you've recently invested in a piece of Bunbury real estate, you may be considering whether a property management service is something you should make use of. Buying your investment property is only the first step of many toward getting the best yield possible. Ahead of you is a number of tasks and decisions which can become overwhelming, particularly for first time investors, but a property manager can take all of that stress and confusion away for you.

Finding a tenant

A property manager's role is to act as an intermediary between you and your tenants. This relationship can start even before you know who your tenants are. Property managers at Ray White are trained to make the most of the the local media and online advertising to give your real estate the exposure it deserves. From day one, we will look after your investment and find tenants who best suit your interests.

From that point on, tenants will communicate directly with the property manager, rather than you as the owner. This means the burden of tenancy enquiries and complications won't fall immediately on you. At Ray White Bunbury, our property managers are fully trained to know exactly the right way to deal with these issues, in accordance with the Australian Tenancy Act. 

It's your house too

Just because your property manager will be the first point of contact for any problems, it doesn't mean you'll be left in the dark. As per your preference, you'll be informed about how your rental property doing. It's the manager's job to conduct regular inspections of your property and ensure it is being maintained by its tenants, as well as addressing any issues. The results of these inspections are then relayed to you as the owner so that you're kept in the loop.

A property manager will also review the rental cost of your property, and advise you on the right cost to keep your tenants around, while also attempting to garner the greatest return for your property.

Know who you can trust

Managing a property is a full time job, and on top of your own profession, it can get to be a bit much. Here at Ray White Bunbury, managing properties already is our full time job. We have a fully trained and experienced team of professionals, and, being a member of the Real Estate Institute of Western Australia, we have access to the latest market research and documentation resources. With a REIWA certification, you can be confident that your interests are being protected.

If you're ready to talk to a property manager about your new investment property today, drop us a line.

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