PM - Don’t DIY – Why landlords shouldn’t attempt their own property management

Don’t DIY – Why landlords shouldn’t attempt their own property management

If you’ve been lucky enough to have a few good sets of tenants in your rental property - and a number of years have passed with few maintenance issues - you might be tempted into trying to self-manage your investment properties.

Don’t be hasty: although it might seem like plain sailing, your property manager’s expertise and problem-solving talents have been essential in your fortunate tenant experiences to date.

There’s tenant sourcing, interviewing, referencing, inspections, condition reports, making calls, replacing keys, organising move outs, contacting maintenance providers, collecting rent, paying for services … the list goes on.

Things become more complex again when there’s maintenance issues to manage and testy tenants to negotiate with.

Think carefully before minimizing the contribution your property manager makes – for but a small percentage of your rental income, your manager cares for your asset while you sit back and watch your property portfolio grow.

Our experienced property managers are familiar with ever-changing legislation, and they’re well versed in resolving problems and finding loopholes. Let them manage your properties, while you focus on managing your assets.