7 Reasons Why You Need A Property Manager

Pip Dawson – Property Manager

One of the most common questions asked in today’s ever demanding rental industry is what is the actual real value of having a professional Property Manager?  Most property owners and tenants mistakenly believe that a property manager’s only interest is to ‘collect their fee from the weekly rent’ and everything else comes second to this. This simply is not true and there is so much more value by having a professional property manager in place and will be paid back to you in many ways.

Benefits for Owners

  1. Tax Deductions. The fees that you pay to have a professional look after the management of your asset are tax deductible. Owners receive a detailed expenditure report with all expenses and income for your tax return to easily pass over to your accountant.
  2. Simplicity – Owner’s will find that by having someone else worry about the day-to-day management of their property is worth the small management fee alone. Owners do not have to deal with the unpleasant situations that often may arise with a tenant which can lead to confrontation or confusion if you are not fully aware of the tenancy act in which in turn can make the issue worse. You won’t receive late night or early morning phone calls (and believe me, we get them at all hours of the day and night) from tenants regarding anything from a what, when, where, why question to maintenance and emergencies big or small.
  3. Leave it to the experts – The major benefit of a property manager is the professional expertise. Getting the right tenant for your property is far more valuable than just signing up the first person who can move in on the available date so the money starts rolling in. Signing up the wrong tenant without thorough back ground checks undoubtedly will cost you in the long run and one that can have a nightmare ending too if not handled professionally.
  4. Legislation – Gone are the days that you put someone in your property with a handshake and verbal agreement and trust that it will result in a good arrangement. When the unexpected arises tenants today have far more rights living in an investment property and expect it too. An owner could easily find themselves in front of the tenancy tribunal if they do not understand the legal rights of a tenancy and where something may not have been put in writing. Legal and judgments fees are far more expensive than what you would be paying in management fees to a property management that would mitigate all areas of concern on your behalf before it can get to this point.

Benefits for Tenants

  1. Respect – A good tenant wants to be equally respected by the owner/landlord whilst living in the property. A good tenant will pay their rent on time and do their very best to keep the property clean and tidy and report maintenance as it arises. For many owners it is difficult to sometimes take their emotional attachment to the property out of communication to the tenant when things don’t always go this way and in which then often leads to confrontation. A skilled professional Property Manager will ensure that communication is addressed in a non-confrontational way with positive an outcome and ongoing relationship for both parties throughout the tenancy.
  2. Inspections – Although these are often seen as a negative by the tenant (not another inspection again!) they are in fact a huge benefit to the tenant’s ability to ensure they are living in a property that is safe, secure and meets minimum building and housing standards. A professional Property Manager will ensure that they take note of all required maintenance and often pick up other areas that may not have been addressed if not historically seen before.
  3. Maintenance – A professional Property Manager will ensure that all maintenance including wear and tear is reported during a routine inspection to the owner for action. Advice is also given to tenants to take a reasonable amount of duty of care to not put themselves in a position that may see damage escalating for their actions becoming a cost to them. E Putting baby wipes or foreign objects down the toilet or drains, not cleaning stains off carpets from food and pets, not ventilating the property properly resulting in mould and mildew build-up. A little care and consideration before and or if it gets to go before the tenancy tribunal (who shall be responsible, is it intentional or not) can cost a lot of stress to all.

For any further understanding on what you can expect from your Property Manager and what we can do for you please contact me today on  or pip.dawson@raywhite.com