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The hardest part of owning a rental property is finding the right person to take care of it for you. You might even find yourself wondering why you should hire a property manager at all – perhaps you could save money by taking care of your investment yourself? Here are 10 of the top reasons why a property manager makes better sense: More marketing expertise Good Property Managers know exactly where and how to market your property – they do it every day. With access to specialised technology and marketing portals unavailable to private landlords, you will also enjoy significant advantages when it comes to sourcing better tenants and avoiding long vacancies. Maximising your returns Experienced Property Managers know the market, the tenants you are looking for, levels of supply and demand and the rental rates you can expect for the region. They will use this knowledge to perform a detailed appraisal of your property and ensure you get the maximum return on your investment. Finding the best tenants Processing tenancy applications may seem like a relatively simple procedure of making phone calls and verifying information, but Property Managers have strict procedures and tenant selection processes that ensure you find good quality tenants – including background checks, credit reports and rental history verification. Easier rent collection and disbursements Securing rent payments from tenants is crucial to maintaining your cash flow, but it can sometimes be difficult and awkward. We have efficient systems in place to make sure your rent is collected on time, so you get added peace of mind. Managing tenant relationships Your Property Manager is responsible for ensuring a smooth tenant-landlord relationship, including routine and emergency maintenance, inspections, property reports and conflict resolution if required. We make the process easier. More time for you, greater profits With a Property Manager to take care of all the day-to-day aspects of running your tenancies, you can spend your time as you wish, stress-free. Legislative compliance Tenancy laws and regulations change constantly. A Property Manager makes sure your investment meets all requirements, so you will avoid any potential breaches, liability or VCAT action for negligence or non-compliance. Maintenance management Take advantage of our extensive and trusted trades network to care for your property – they are available 24/7. As we provide volume work, you will pay lower fees and know those working on your property are fully qualified, licensed and insured. Conflict resolution A tenancy that runs smoothly with no rent arrears or major maintenance issues is the ultimate aim of every landlord. However, conflict can and does arise for a wide variety of reasons. Property Managers are trained to diffuse and resolve conflicts to prevent the situation escalating, while ensuring your best interests are protected. Totally tax deductible All fees paid to an agent for leasing and managing your property are 100% tax deductible – including maintenance costs. What seems at first to reduce your investment’s profitability will actually save you money in the long term.