Insights

Director Shane Goldfarb was featured on Property Observer on why it is essential that investors have property managers.

“Handling your own tenants is much like cutting your own hair – it’s difficult and the end result would be much better off handled by a real professional,” he says.

Property managers play a larger role than some might think and often it’s the behind the scenes work that people underestimate.

Renters can become disgruntled when ongoing issues are not dealt with properly and wonder why they can’t just contact their landlord directly. Owners benefit from local property managers as they provide a swift response to the inevitable wear and tear problems that will arise. This is especially important when the owner is interstate or internationally based.

Crucially, property managers are well versed in the legal rights of both the tenant and the owner. This safeguards both the owner and the tenant.

Happy renters mean longer, ongoing relationships and most importantly, renewed leases. Having a capable real estate agent looking after your investments and tenants effectively manages your multiple properties, keeps your tenants happy, manages any issues before they escalate and most importantly – doesn’t have to bother you with the detail unless crucial.

Read the full article here.