Real Estate Property Management
Buying property as a means of investment has really been booming over the past few years. The lure of bricks and mortar is well and truly back with young first-time investors, retired investors looking to diversify their portfolios and seasoned investors, all embracing the market. Many investors buy property for a steady return on rental income. This is a great way to help pay off a loan if you’ve taken one to invest, or as an extra injection of funds to your income stream while you travel.
With a massive increase in a wide variety of rental property types on the market, management of property is becoming more specialized to help meet the demand. If you’re an investor with a property to lease, you want to be certain you get the best return on your investment. It makes perfect sense to seek out a firm who will get you the best results.
What are the advantages of having a Property Management focused firm, taking care of your property?
The short answer is – Lots! An agency whose core focus is Property Management has the experienced and professional staff in place who can tailor services to your specific needs. If the agency is a smaller private company and not part of a large, impersonal franchise, even better. You get to deal with the same people all the time and the lower property-to-staff ratio ensures, they’re there for you when you need them.
Presentation, presentation, presentation
With a dedicated Rental Property Manager, your property will always be presented to the market in the best possible light. If your property is kept in great shape and looks great, it will be more appealing to prospective tenants and you’ll get the best market rates available.
Keeping on top of current market rental prices
An effective Real Estate Property Management team will keep up-to-date with current market values.They’ll make sure you’re getting the very best rental returns in-line with market rates for your property type and location. They should balance this carefully to ensure you maximize your tenancy rates as well, with less tenant changeover and lower vacancy periods.
Choosing the right Property Manager for you
Choosing the right Property Manager is crucial to maximizing your investment’s potential and returns. Having a personalized service gives you more flexibility in how the property is managed and that it’s managed in a professional and timely manner.
Just because you buy a property through one agency doesn’t mean you have to use the same one to manage your investment. A rental property specialist does exactly that, they specialize. So it’s not a bad idea to find a firm whose core focus is you and your rental property.