Why Do I Need A Property Manager
Many aspiring landlords believe that owning a rental property will be like a dream come true. You simply sit back and collect the rent, while your tenants take the utmost care of your property. Unfortunately, this is not always the case, and without a property manager, you'll be responsible for everything. A Property Manager takes all the hassle out of being a landlord, and they are trained in all aspects of property management
So what does a Property Manager do?
- Maintenance
If there's a problem with the rental, as the landlord, it's your job to deal with it. When you have a property manager though, you can say goodbye to the emergencies, because your property manager will get the call, and respond accordingly.
Your property manager can also arrange the routine maintenance like mowing lawns, cleaning the pool and so on, as well as preventing small issues from getting out of control. They deal with this type of thing all the time, so they have a database full of the best vendors and contractors to complete reputable work at a fair price.
And, if your property is vacant, your property manager will be able to keep the property well-maintained, giving it a lived-in, occupied appearance - a deterrent for any would be vandals and thieves.
- Tenant Sourcing and Screening
Property managers have access to a wealth of resources that enable them to find new tenants faster, helping you to keep that rental income flowing in. They're experienced in knowing what to look for, and what questions to ask, so can expertly screen your prospective tenants.
- Avoid Legal Problems
New regulations are constantly coming into effect, and staying up to date can be a full time job. Our professional property managers are experienced with landlord-tenant law and able to navigate the various complexities to make sure you stay on the right side of it.
- Get the Income Balance Right on Your Properties
Our experienced property managers know the market and are familiar with that sweet spot: the amount of money that you can realistically charge without risking longer vacancy rates.
- You don't have to be the Bad Guy
Let our property managers handle all the 'not so nice' aspects like enforcing the terms of the lease, collecting the rent, or evictions. Your property manager will handle it all - quickly, professionally, efficiently, and in compliance with all state codes and regulations.
- Have the Freedom to Invest anywhere
Since you won't be managing your investment property yourself, you are free to invest anywhere allowing you to take advantage of more affordable or growing housing markets.
Tenant Selection
Our Property Managers always provide friendly responses to any enquiries about your property, and will promptly organise property inspections for prospective tenants. We process all applications within a maximum 24 hours to ensure no prospective tenants are lost. All our prospective tenants are thoroughly and carefully screened using our 5 stage selection process.
- Identification - 100 points of ID required (driver's license / passport / proof of age card / pensioner card / birth certificate / Medicare card / current bills).
- Income Verification - (current payslips / letter from employer / bank statement / centrelink statement / professional reference).
- National tenancy database search (TICA).
- Reference Checks - comprehensive tenancy history through previous agents and personal/professional reference checks.
- You have the final approval – You will always be contacted prior to tenancy approval. Prospective tenants are only accepted when you approve them - no questions asked.
Let us protect and manage your investment, while you focus on enjoying the benefits of maximised returns. We take care of the entire process, from screening tenants to collecting rent to organising property maintenance. We also navigate the complexities of ever-changing legal compliance. At Maestro Property, we’re here to ease the stress of managing your property. Fill out the form below today!