To manage or not to manage?
Accidental landlords always have the dilemma as to whether they should use and agent to manage their property. The can be under the illusion that paying an agent is unnecessary. Here are the positives of using a good agent!
Better quality tenants! – a good management company will always thoroughly reference the tenants. The agent wouldn’t want there to be any issues at a later date.
Less wear & tear on the unit – photographic inventory/frequent property checks.
Less chance of rent arears – the agent keeps on top of them!
Maintenance dealt with keeping the tenants happier!
Shorter void periods! – a good agent will ensure the property is ready to re let, quickly and efficiently.
Determining the best rental price – too high and it will sit on the market!
Effectively marketing your property – they know what the tenants look for, and how to show your property in the best way.
Better tenant retention – tenants like a good management company, it makes them enjoy their life more. They want maintenance dealt with swiftly. They love good communication. They also like it when a property is thoroughly cleaned and all maintenance carried out before they move in. It gives them confidence when they have a good inventory – it means less hassle for them if they move out. All things points make them stay longer as they are comfortable. Particularly if items are improved or upgraded when needed.