Answering your Questions - June
Question: ‘I have good tenants in my rental property. Do I still need a property manager?’.
Answer: Finding a good tenant is only the first step of the property management process.
Good property management is about so much more – this comprehensive, professional service manages the tenancy process from start to finish. During the term of a tenancy landlords can come across many complicated obstacles even with tenants perceived as ‘good’ initially.
These can include chasing rent arrears, conflicts over maintenance issues, and tribunal appearances. So a dedicated property manager is there as a resource for landlords offering them expert advice and giving them piece of mind to know that when these issues occur they will be dealt with in a timely, professional and efficient manner.
Your property manager will deal with issues on your behalf such as organising trades people, checking the tenant database for past issues, appearing at a tribunal hearing if needed and managing tenant communication, which, for a small management fee, repays itself in both stress avoided and time freed up for enjoyable pursuits.