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Why Use a Property ManagerGlenn Murray Most experienced property investors use property managers. Why Because they make you money. Property management isn’t just about collecting rent. It’s about ensuring your property is always rented, ensuring you have the best possible tenants, and ensuring you’re getting the best possible rent. It’s about keeping the property well maintained, tracking expenses and income, and dealing with the legalities of leases and the rights of tenants. This is what property managers do. It’s their core business. For a landlord, the benefits are significant. Save Valuable Time The most obvious benefit is time saving. You don’t have to spend an hour or so each week making phone calls, placing ads, interviewing prospective tenants, speaking to solicitors, speaking to your tenants, collecting rent, organising tradesmen and so on. How much could you earn in that hour if you were focussing on your work rather than chasing your tail Know Your Market Property investment is a business. To succeed in business, you need to know your market. Property managers make their living out of knowing the rental marketplace. They know how much your property is worth and who’ll want it. They know the best ways to reach the market and they have the resources to do it. A property manager with some real marketing nous can earn you thousands every year, just with an intelligent marketing campaign. Know Your Rights Rental legislation is constantly changing. It’s important that you know your rights as well as the rights of your tenants. But most people don’t even know where to start looking. Property managers work with tenancy legislation every day. They know all the ins and outs, as well as the pitfalls and loopholes. They’re experienced in all aspects of lease negotiation – from bond to maintenance agreements to eviction. Most importantly, they’ll protect your rights as a landlord. Get Good Tenants Most good tenants will only rent through property managers. The whole process is much more streamlined and convenient. Payments can be made electronically, their questions can be answered quickly, and everything can be done during business hours. The opposite is true of bad tenants. They target privately managed rentals, because that’s generally all they can get. Property managers chase down and validate every reference, and they get to know problem tenants. They do everything possible to provide you with a hassle-free investment because they know the eviction process is every landlord’s worst fear. You can’t just kick someone out without notice. The whole process can take months. But if you’re unlucky enough to end up with a problematic tenant, a property manager will manage the whole eviction process – including all dealings with tenants, sheriffs, and court officials. Sure, you can juggle all of these elements yourself, and you’ll save yourself a small management fee… But what’s the cost Do you want to work for your investment or do you want it working for you
| RELATED ARTICLES Can Bamboo Flooring Really Help Save The Worlds’ Environment Probably not on its own, but its an excellent example of how consumers can vote with their buying dollars to sway market demand to bring more environmentally friendly products into the marketplace. Fresh Flowers Aren’t Just for the Dining Room Table Fresh Flowers in All the Traditional Places Satellite TV Installation: DIY or get the Pros One of the question that always arise when you are setting up your satellite TV system: to get installation service by professional or to install by own Maintaining Oxygen Levels in Fish and KOI Ponds Severe environmental stressors are the most frequent causes of sudden fish death in garden ponds or other fish habitats, and the lack of oxygen in the water is the number 1 stressor of all. Pine Furniture Care Guide First, some background on PINE WOOD. 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Cleanability, durability, longevity and moisture and allergen resistance are the hallmark of good flooring. Flooring sets the tone for the look and feel of a room. But beyond appearance, the choice of flooring material should be based on how a room is used. For example, a room in which there is persistent foot traffic needs a hard floor whereas the kitchen floor needs to be soft on the feet while you dish out a gourmet meal! Which brings us to the fact that there are two main types of floors: raised floors that are wood framed, and floors built on concrete slabs. Decorating on a Shoestring Budget Right now one of the most popular shows on television is, “Trading Spaces.” If you haven’t gotten an opportunity to watch this show, the object of the game is to decorate one room in someone else’s house with a budget of a $1,000. The decorator’s truly struggle to accomplish this so you know it is hard when even they, trained professionals, are having problems creating the room of the homeowner’s dreams. Do not despair just because your money is limited- you can still create a warm and inviting home frugally. When people come into our home and see our front room the only room we have decorated since we are relatively new homeowners they always comment on how beautiful our drapes, furniture, and whole look of this room is. Do you think I disclose that we put the furniture together ourselves and that the whole décor came compliments of Target No way! Never divulge the sordid details, just simply bask in the glory and let them try to recreate your look. Here are a few tips for creating an inviting home on a budget. Is A Good Bargain Worth Paying For Most of us love a bargain. But is it the joy of the chase or the joy of the purchase that really motivates us Is a bargain hunt without all the trappings of hard work, negotiation, bluff and counter bluff any fun at all Sleeping Beauties: Porches For Dreaming Theres something magical about sleeping outside, drinking in the night sounds of crickets, frogs and wind chimes, watching fireflies and stars, and feeling the cool night breeze. Youll find children giggling long past their bedtime from sheer excitement. How To Make Candles Making homemade candles can be a fun hobby, whether making them as gifts or for yourself to enjoy. Candle making usually requires some experimentation, but when you discover how to make those perfect candles, it’s well worth the effort. Seeds and more Seeds...What your Garden Needs Seeds are the most important ingredient in all gardening. Without quality seeds it would be impossible to have a beautiful garden. 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How To Finance A New Extension Want to improve the look of your property Want to add value to your property Tasteful Home Decorating Changes Your House Into a Home There is this undocumented story about Andrew Carnegie who kept postponing the decision to redecorate his home just because black, his default color of choice, was simply not used in home decorating those days! Mercifully today, you could well translate your home decorating ideas into alluring reality. For home interior decorating no longer means just coloring your walls in pastel shades and showing off your antiques – it is about using all the home decorating tips that one can get to highlight the most of what one possesses. Unless of course you wish to shrug the opportunity and call in a professional designer. But even this experience could be fascinating – what with "walk-throughs" in your "virtually" designed home before even a single coat of paint is applied! Yes, with home decorating, either way you always come up trumps! How to Identify a Quality Interior Shutter 1. Shutters have proper louver tension From Toss Out to Sensational Keeper - Lamp Re-Make When the old lamp from my childrens room was turning decidedly "trash-worthy", a grand idea formed and kept me from tossing it out. Originally, it had been such a darling lamp - it had magically transformed the room into spinning stars and moons at bedtime. My boys were enthralled with it! 5 Factors of Selling a Home There are five major factors to consider when selling a home. These factors will greatly influence not only the final price you will get for the property, but also how quickly it will sell and how much grief you will suffer through the sale. |
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