Archive for best property management

Owning a successful investment property

The “corner stone” of a successful investment property is having the best people managing your valuable investment.

Property management is a highly important service that is often undervalued. Having the best property management team looking after your investment property can mean the difference between a smooth or rocky investment, and profitable or unprofitable one!

At Harcourts, our property management team works extremely hard to deliver the very best service to our investment clients. We are consistently awarded in the top three in NSW within the Harcourts Real Estate group, testament of our superior property management service.

Here’s a little insight into the first-class service we provide:

  • When first advertising your vacant property, we work swiftly to advertise the property to as many potential tenants as possible. This results in maximum applications in the shortest possible time. Our methods ensure you get a tenant into your property and paying you rent sooner.
  • If we are managing your property, we know when your tenants are vacating. We then advertise in advance of them moving out to lessen the vacancy time between tenants – again maximising your rental income.
  • Once tenant applications are received, our property management team uses highly developed systems and their years of practical experience to diligently scrutinise applying tenants. We then assist our landlords make the final selection. This is a highly important part of the process, as the “big picture” of finding a quality tenant is: less maintenance expenses, little or no rental arrears, and over time maximum capital growth on your property.
  • Our first-class service and systems ensure rent is paid on time, expenses and bills are tracked and paid, and there are regular inspections conducted on your property to ensure it is kept in the same condition as when the tenants moved in.

Our property management team is leading the way in delivering a premium property management service. Eight dedicated Property Managers and several support staff work hard to ensure that all details are attended to.

Investing in a quality Property Management agency makes a lot of sense. A well-managed investment property will provide maximum income, no hassles, and the best long-term outcome.

For more information, speak to one our award-winning property management professionals on 4628 7444.

Good to great property management

Many investment property owners mistakenly believe that a Property Manager’s role revolves solely around finding tenants, collecting rent, and conducting inspections.

Regrettably, some Property Managers share this limited perspective. However, exceptional Property Managers understand that their responsibilities extend far beyond these basics and are valued for their comprehensive expertise and service.

Great Property Managers take the time to understand their owners’ long-term property plans—whether spanning five or ten years—and connect them with the right professionals and resources. This might involve advisors, mortgage brokers, or skilled tradespeople, facilitating the achievement of their property goals.

Furthermore, adept Property Managers continuously monitor the market and recommend rental adjustments when appropriate. They also provide insights into property renovations that can potentially increase rental income, thus maximizing the property’s financial performance.

Equally important is their role in maintaining positive tenant relations. By ensuring tenants are well cared for, Property Managers foster a conducive environment where tenants are more likely to maintain the property to a high standard.

Beyond tenant management, Property Managers proactively oversee maintenance and repairs. They don’t just react to issues as they arise but anticipate and address potential problems before they escalate. Simple tasks like replacing worn silicone in showers during inspections can prevent more costly repairs down the line, ultimately saving owners significant amounts of money.

Owners also benefit from the regulatory expertise of a skilled Property Manager. Navigating tenancy rules and regulations can be complex, but with a competent Property Manager, issues are managed efficiently, minimising stress and potential legal complications.

Additionally, Property Managers play a crucial role in mediating between tenants and owners, facilitating effective communication and finding mutually agreeable solutions to any disputes that may arise.

Regular updates on property value in the current market further demonstrate a great Property Manager’s commitment to keeping owners informed and empowered.

Choosing a knowledgeable and experienced Property Manager is key to ensuring the seamless management of your investment property and fostering a positive experience for tenants. Great Property Managers are invaluable assets, providing peace of mind and maximizing the return on your investment.

For more information about our award-winning Property Management services, please contact us at 4628 7444.