The Benefits of Hiring a Property Management Company
There are many benefits to hiring a property management company, especially one who personalises the experience and values customer service. At InStyle Property Management we believe these are essential parts of what makes hiring a property management company a great idea, but there are plenty more benefits.
Higher Quality Tenants
As a landlord, choosing tenants is an important part of renting your property out. You want to attract the right type of people for your property and ensure that they will treat it with the respect it deserves. Choosing a bad tenant can result in many hassles, and you may not be able to make them leave if problems arise. A good property management company that has extensive skill and experience understands how to choose the right tenants for any property, and will ensure that your tenant will pay their rent long-term and on time, minimise the wear and tear of the property and cause fewer problems. You may not be able to see the red flags attached to a potential tenant, but the trained professionals at a property management company can.
Fewer Legal Issues
A good property management company will possess a great deal of knowledge about investment properties and the rental market, and can help protect you from any potential lawsuits and vulnerabilities you may face as a landlord. Your property manager can also help you avoid lawsuits and scams, while removing the time-consuming ordeal of dealing with them. Each Australian state has their own laws, but your property manager will be across the federal law which covers the following:
- Screening tenants
- Signing and terminating leases
- Property conditions and safety
- Tenant evictions
- Unit inspections
- Collecting and handling rent and security deposits
Increase and Maintain Property Value
The maintenance of your property is extremely important, as it needs to remain to a certain standard to be presentable and liveable for future and current tenants. When you hire a property manager you gain access to a professional maintenance network of licensed, insured and reputable contractors to assist with any work that needs to be done at affordable prices. With a good property management company on your side you can learn how to make the most of your property and continue to increase its value, by identifying and repairing maintenance issues early on and avoiding large expenses.
Reap the Benefits with InStyle Property Management
Make the most of your investment property, with the assistance of our team at InStyle Property Management. With our experience and personable nature, we can help make your role as a landlord as hassle-free as possible. Get in touch today to discuss your options.
