Specialist Property Management: The Benefits
Investing in property is a big commitment, so you want to know you’re in safe hands.
Here are six ways a specialised property management company can benefit you and your property, and make your experience as a landlord hassle-free.
The focus is on you
Property management services are just one part of a traditional real estate agency – and it can be a part that’s neglected in favour of the buzz of property sales.
A specialised property management business focuses all its energy on just one thing: property management. That means your investment property is the number one concern of everyone in the office, with all their expertise going into ensuring the best for you.
Specialised property managers prioritise fostering long-term relationships with landlords and their tenants, which yields better results for everyone involved. They also have a thorough knowledge of all issues affecting landlords.
Tenant experts
Finding the right tenant isn’t always straightforward. It takes time, diligent research, commitment and a lot of know-how.
Property management specialists not only know the most effective ways to market your property, they’re also experts at effectively vetting tenants and discerning whether a prospective tenant is a good fit for you and your investment property. Plus, at a dedicated property management company like Aurora Realty we have flexible inspection times which assist prospective tenants with the application process and ensure the widest possible reach to find a good match.
Communication is key
Communication is the cornerstone of property management. Specialised property managers have honed their communication skills over many years of dealing exclusively with tenants and landlords. Having a professional who can act as a neutral intermediary means you can relax, knowing any issues will be dealt with calmly and efficiently. A professional team will ensure lines of communication remain open and that you’re kept informed of any concerns in a timely manner.
An expert property manager will also listen to the landlord’s needs and investment goals, and tailor an approach to suit them.
Legislation knowledge
With their focus entirely on rental properties, a specialist property management team can help landlords keep on top of the legislation that governs rental properties and leases, landlord rights and obligations as well as any changes to tenancy laws that could affect landlords, rental properties or tenants. They understand landlord obligations regarding smoke alarms, pool fencing, security and more.
Specialist property managers also develop a good working knowledge of how strata and body corporate schemes operate, which can be incredibly helpful for both tenants and landlords.
Knowing the market
An experienced specialist property manager understands the needs of both tenants and landlords. And with a sole focus on the rental market, they’re committed to keeping their knowledge of market trends up to date. For landlords, that means expert advice on what tenants are looking for, which demographics are seeking to rent in your area, and ways to maximise returns on your investment – from rental income to capital growth.
Tricks of the trade
Repairs and maintenance are a crucial part of any tenancy. Property management specialists work with tradespeople every day, from plumbers to carpenters to roofing contractors. They know the best in the business and can quickly organise the right professional for any maintenance needs at your property. So you can be sure your property’s maintenance will be dealt with smoothly and professionally – and you won’t have to pay more than you need to.
Call the team at Aurora today and experience the best in expert property management.
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