If you’re serious about investing in property and making your investment work for you, it’s worthwhile engaging a professional property manager from Harcourts to take care of the day to day details of your rental property. A Harcourts property manager will help you attract and keep good tenants. But that’s not all they do. Take a look at these 5 good reasons to use a Harcourts property manager.
- 1. Save time and hassle
A Harcourts property manager deals with the day to day detail of renting a property, so they’ve likely encountered most situations that could occur with a rental property, and have the knowledge and expertise needed to resolve these quickly and cost effectively.
As well as conducting regular rental inspections to ensure your tenants are taking good care of your property, a Harcourts property manager is on hand to deal with any crisis and usually has a team of tradespeople on hand who can be relied on in an emergency.
In short, a Harcourts property manager takes away your need to be hands-on dealing with complaints and repairs, finding and screening new tenants, and chasing late rental payments.
- 2. Knowledge and expertise
If you’re new to property investment, you might not have a thorough understanding of the laws and regulations that apply to rental properties, or of tenant and landlord rights and responsibilities. Changes to the Residential Tenancies Act might impact your rental property. For example, the requirements around insulation: not knowing or understanding these could cost you in hefty fines. Hiring an experienced property manager ensures you avoid or minimise any legal hassles and that your rental property complies with the necessary regulations.
- 3. Find the right tenant
Setting the correct rent, actively marketing your rental property for maximum exposure, and then screening the applicants are all responsibilities that fall under the Harcourts property manager’s role.
When it comes to setting the rent, a Harcourts property manager has access to market research and has a thorough understanding of current market conditions, enabling them to evaluate the elements of your property and set the optimum rent that will maximise your rental income while reducing your vacancy rate.
As well as having access to a variety of avenues to market your property effectively, a Harcourts property manager will screen and select the right tenant for your property. That means finding an applicant who will not only pay their rent but pay it on time and look after your property as if it were their own. Harcourts property managers are experienced at vetting applicants and know what to look out for and what to avoid.
- 4. Cut down travel
Working with a Harcourts property manager means you’re not confined to buying a rental property in the area you live in. That means you could take advantage of investment opportunities in other areas where property may be more affordable or offer a better return on investment. This could be an important factor in choosing a property manager who works in the area you’re buying in so you don’t have to travel to sort out any problems. Likewise, if you are travelling and plan to leave New Zealand for more than 21 days, you are required by law to appoint a local point of contact available to your tenants at any time.
- 5. Collecting rent
Chasing up rent payments is time-consuming and frustrating. Many property investors are not experienced in dealing with late rental payments or debt recovery, and this can often be a source of stress and another good reason to hire a property manager to deal with this. Harcourts property managers are experienced at handling late-paying tenants and have the tools on hand to ensure your cash flow remains regular.
There’s no doubt that a Harcourts property manager can benefit you in a number of ways. If you would like to arrange a free, no obligation rental appraisal with a local Harcourts property manager, please complete this form and we will be in contact with you.
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