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There has been a debate for quite a while regarding whether there exists a need for a home manager to look after one’s investment property or do it yourself. There are many arguments for and against and we will explore this further below.

The role of a property manager

A property manager may be often considered as a buffer between tenants and landlords. Property managers are hired by Landlords to deal with their investment property and ensure the rent will be paid and care will be taken. These managers are hired by landlords to manage an industrial or residential parcel pertaining to some rules and regulations. Tattersalls Real Estate has their Dedicated Asset Management Division that goes beyond the reach of an local corner property to guarantee the investment property is constantly performing for the kids. A few things that that Tattersalls Real Estate do for landlords are:

Advertise properties over the 2 major real-estate platforms. Realestate.com.au and Domain.com.au

Extensive tenant screening, criminal record checks, National Tenancy Database checks, Chronological audit with the tenants past rentals and employment.

Manage financial accounts and create statements

Pay outgoing on behalf in the Landlord

Receive and disburse rent through the audited trust accounts

Complete Quarterly property inspections with photos

Complete random curb side inspections to be sure there isn’t any extra people staying at the property

Source and organise tradespeople for performing repair and maintenance jobs

Ensure all works and notices will be in accordance with NSW legislation.

Property Management

Property Management

The Landlord

Occasionally, tenants hold the ‘Tall Poppy Syndrome’ in terms of how they see their Landlords and a property manager is the best buffer to relieve this and part of to say ‘No’ as required, as well as to ensure all notice may be followed when serving breach notices for failure to pay rent as well as to ensure care for the house. Managing a few properties can be time consuming and expensive and quite often cause an unproductive means of managing assets. Having to go open inspections, routine inspections or visit the house each and every time there is a repair issue. Bonuses what the home manager does because of their Landlords, is take all the stress out from the process.

The real difference

The real difference is, Tattersalls Real Estate’s Dedicated Asset Management Division can find better tenants as we have accessibility to both the major property domains which are expensive for someone managing a few properties. Often Landlords is only able to advertise their own properties on Gumtree and the like, which unfortunately receives tenants who will be more likely to don’t have any or poor rental history. When hiring Tattersalls, you’ve got a team of specialist, Accounts, Marketing, Repairs and Property Managers with numerous years of experience in addition to street smart and knowledge of legislation.

Our audited trust accounts ensure every cent is accounted for and provide reports to you personally as needed, totally free.

All for that competitive fee of just 4.4%, Tattersalls can manage your premises and do might know about do best whilst allowing you to carry on and hang around and energy about what you need to do best