Why Do I Need a Property Manager

Should I engage the services of a property manager or manage the property myself?

A do-it yourself attitude is the main reason landlords opt not to use a Property Manager, followed byconcerns over expense. The most common misconception of most homeowners is that by not using the services of a property manager, they will save money.

If you are considering managing your own investment property please consider the following:

Do you know what the market rent for your home is right now?

Will you regularly review rents to ensure it your property is rented out for maximum return?

Where is the property located? (the more miles between you and your investment property, the harder it is to manage).

How will you find tenants?

Have you worked with maintenance contractors in that area, are you sure that you will be charged a fair price, every time?

Are you available any hour of the day to deal with an emergency?

Are you available to show your property seven days a week, including evenings?

Do you possess a thorough understanding and knowledge of The Residential Tenancies Act 1986 to maintain a fair and professional relationship with your tenant?

Do you possess a thorough understanding and knowledge of Healthy Homes Guarantee Act 2017?

Do you possess a thorough understanding and knowledge of Health and Safety at Work Act 2015?

How much do you know about the tenant selection process?

Do you know how to lodge your tenants bond money in accordance with the Residential Tenancies Act 1986 requirements, and within the required timeframe?

Do you have a working knowledge of The Residential Tenancies Act 1986, could you effectively represent yourself at Tribunal?

Could you successfully terminate your tenancy and recover possession of your property without the need to go to Tribunal?

Could you complete an inspection report with sufficient information to stand up in Tribunal if necessary?

Do you know the correct procedure when the tenant has absconded, and abandoned goods remain at the property?

Do you have access to a debt collection agency, would you be able to recover any outstanding debts?

Are you aware that if you are out of the country for more than 21 days you need to appoint an agent?

A professional Property Manager takes care of the day to day running of the property and is the tenant’s point of contact. The Property Manager carries out the inspections and deals with any issues such as arrears and maintenance.

Our Property Managers have a good working knowledge of the Residential Tenancies Act 1986, and how this relates to the tenancy. Employing the services of a Property Manager saves you time, rents are kept inline with the current market ensuring a better yield, and you can rest assured that all legal obligations in accordance with the Act are met.