Monday 22 April 2013

Duties of a Property Manager

One of the first reasons to consider hiring an estate agent is that they help provide a buffer between you and your tenant. If there are any problems with late payments or damaged property, the agent would deal with these issues so that you can avoid an unpleasant confrontation.
Today's top property managers are fully licensed real estate agents. They know all the ins and outs of your state's laws that relate to rental properties, and can advise you regarding your landlord rights. A good real estate agent does far more than simply rent your home and collect your money for you.
  •     Advertising and marketing your property
  •     Sourcing and screening potential tenants
  •     Managing your financial accounts
  •     Completing inspections on a consistent basis
  •     Organising and sourcing tradespeople for repairs and maintenance

If you prefer to take care of some of these tasks yourself, you can write this into your contract. A property manager will give you as much or as little involvement with the daily management of your rental property as you like. They are specialists at multi-tasking, and thus are highly qualified to prioritise and perform all of these duties. You can expect your real estate agent to help you with matters of communication, negotiation, and conflict resolution.
Working with Tenants

When you are first thinking about renting out your property, you may not have a full picture of the amount of work that can go into this. A real estate agent can help you find suitable renters, to help you avoid periods of vacancy and income loss. They will be able to employ all necessary marketing methods to ensure that your property gains high visibility to potential tenants. The agent can then show the home to prospective tenants with open inspections, to showcase it in the best possible light.

There are many benefits to choosing a local real estate agent with a strong working knowledge of your area. You can compare locations and areas of expertise using the free comparison service at sellmycastle.com.au, in order to select the right agent for these purposes. With knowledge of the local market, your agent will be able to inform visitors of all of the relevant information they need regarding the house and the surrounding neighbourhood.

In addition to showing your property to prospective tenants, real estate agents can be involved with the professional screening of these tenants to make sure you choose reliable ones. They make regular inspections, to ensure that the tenants are keeping your property in proper working order. You may also want to take out landlord insurance to protect your investment. One of the major roles of a good property manager is acting as the liaison between the landlord and the tenant.  www.rhnws.com.au

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