Why do I need a property manager?
DIY versus a professional
When you hire a property manager, you’re employing their extensive experience and knowledge, both invaluable assets when protecting such a high value investment as a property.
Having a great tenant is your biggest priority and an experienced property manager will be critical in helping you select the right tenant.
A property manager will also take away the pain of the day to day management of the property. Routine inspections, maintenance requests, rental payments and all the ongoing tasks take time, effort and expertise to manage.
Paying for the services of an experienced professional to take the hassle out of your investment will pay for itself over time. You don’t want to be worried about managing your investment property when you’re busy at work or when you’re enjoying your weekends or holidays.
It’s also important to not underestimate the nature of the landlord/tenant relationship. A tenancy requires a contractual arrangement between you and the tenant. If you don’t get the paperwork right, you expose yourself to potential future legal issues.