WHAT EXACTLY IS A PROPERTY MANAGER? AND WHAT DO THEY DO?
WHAT IS A PROPERTY MANAGER?
If you own real estate in Australia, you may consider placing the responsibility of your rental in the hands of a registered property manager, employed by a licensed real estate agency.
They will help you manage the day-to-day worries of rental properties, thus making your life easier and allowing you to avoid the potential risks and horror stories you may have heard?
In light of this, what can you expect from your property manager? Here is a guide for both landlords and tenants.
WHAT DOES A PROPERTY MANAGER DO FOR YOU AS A LANDLORD?
Their primary duties are to market your rental, choose tenants and then, as the name suggests, manage your property.
You can assign a manager to do one or more of these main responsibilities, depending on your needs and agreement – here are a few of the more specific tasks.
• Negotiate and collect an appropriate rent
• Prepare a tenancy agreement
• Lodge and collect bond payments
• Carry out regular inspections
• Arrange for repairs and/or maintenance
• Provide relevant notices and financial statements to the landlord
• Issue termination notices to difficult tenants
WHAT DOES A PROPERTY MANAGER DO FOR YOU AS A TENANT?
Our Income/commission is paid for by the landlord, therefore the service is completely free for a tenant.
• Accept you to tenant the property
• Prepare a tenancy agreement
• Collect all payments for rents and water usage
• Receive requests for maintenance, damages, noise complaints and the like
• Act on these promptly
• Respect your peace and privacy
Having a manager dedicated to your property will assist you too, as all demands should be met swiftly and effectively.
THE DIFFERENCE YOU WILL RECEIVE WITH FREEDOM REALTY AND GREAT PROPERTY MANAGEMENT
You deal directly with the owner of the business which guarantees you the V.I.P experience in service and an ongoing relationship with your Property Manager. It is common when dealing with other businesses that they may have a high turnover in staff meaning that you may end up having several different property managers. This could end up in the property manager not understanding the property and its specific requirements resulting in additional unnecessary costs to the owner of the property.
We take an active approach to understand the local market and your investment. Changes to the property could affect your investment returns. The principal of Freedom Realty spent 15 years as a Financial Planner and can work with you on strategies to achieve above market rent and ensure your tenants are of the highest quality and remain happy in their home your investment to safeguard that they look after the property maintaining the properties best condition. Easy to communicate with and available 24/7 they will provide feedback to you using your preferred method and guarantee to resolve issues as quickly as possible and provide clear consistent communication.
We value input from our owners and tenants to make certain that all parties expectations are exceeded as we pride ourselves on going above and beyond what you would receive from other property managers.
HOW DO YOU CHOOSE?
The days when the management of rental properties just entailed collecting money are well and truly over. Besides being well-trained and highly skilled, one of the main things you should be looking for in a property manager is experience. – particularly a deep knowledge of the area you’re looking to invest in (or have already invested in). When asked, they should be able to give you a detailed record of all the services they offer, including fees, click here to see our management fees.
The Real Estate Institute of Australia recommends asking questions like: What are your processes in choosing good tenants? Can you explain your charges and how much exactly I will be paying? How will you assist in maximising my return and optimising capital growth? How much would you market the property for, and why?
We can provide the answers to these questions and so much more. Contact us today and let Freedom Realty give you back the freedom you deserve. You don’t just need a Property Manager you need Great property management and experience our V.I.P service.