November 2017

There is so much you can do when you have a good property manager. If you have rental property, it is best to have an experienced professional manage it so that you can avoid many mistakes and make sure that you can increase your investment.

You need to be very careful about who you choose as your tenants. It can be a very unpleasant situation when you have a bad tenant and you have to evict them. So it is best to take care of these problems from the beginning by going through a strict screening process. If you’re new at owning a rental, you will not have the experience in spotting a bad tenant or a scam. You can get the help of an experienced property management company so that they can help you with the process. You will then be able to get high quality tenants who will pay on time and who will take care of the rental property. They will also stay longer and secure you a steady investment.

There are so many things a real estate management Sydney company can help you with. In addition to tenant screening, they will take care of the maintenance and repairs of the property, complaints, inspections, rent collection, handling of security deposits etc. You have to ask them about what kind of services they offer and be clean about the range of services. This way you will know exactly what their responsibilities are and what your duties are. You will also notice that you get shorter vacancy cycles. They will make sure that they market the property well so that it doesn’t stay empty for a long time. You also need to figure out a rent rate. This has to be done with careful consideration taking into account what is happening in the local market. The company will advertise your property in order to attract more people to it and make sure that they carry out the necessary negotiations.Tenant retention is also important. You need to make sure that the property is well maintained so that the tenants want to stay on for a longer time. They are looking for a well maintained and safe environment. So this will include painting walls, taking care of repairs, thorough cleaning of the property etc. When the tenants are well care for, they will also spread good word about your property. You need to know how the company handles evictions because this is quite a delicate process. The management company will also help you with taxes as they know what deductions you are able to claim.