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Benefits of using LJ Hooker Property Mangement Dunedin

 

 

Should you use a property manager or not?

After purchasing your investment property, the next key decision you will need to make is whether you will employ a property manager to help you, or whether you’ll manage it yourself.

Although many investors are financially-savvy, when it comes to finding tenants, dealing with day-to-day property issues or legal jargon they are left in the dark.  LJ Hooker’s team of experienced property managers can help make sure you receive a reliable income stream, excellent capital growth and the best returns possible - as well as a guarantee of exceptional customer service.

You will receive regular and thorough property inspection reports, copies of all important documents and regularly review rent rates and the local market to help you achieve the best outcome.

We take the hassle out of everything from the day-to-day financials to maintenance - and all the details in between.

A property manager costs approximately 8-10% of your total rental income, however the services and expertise offered by a good property manager is worth much much more than this fee, plus in many cases the agents service fee is tax deductable.

 

The key roles of an LJ Hooker Property Manager:

  • Advertising your property for rent
  • Open your rental property for viewings
  • Screening tenants including reference checks, rental history review
  • Manage the condition report process
  • Manage the tenancy agreement signing process and handling questions
  • Manage your financial accounts for the investment property and provide regular reports
  • Inspect the property on a regular basis
  • Organise tradespeople for repairs and maintenance

 

What are the benefits of using a LJ Hooker Property Manager?

 

Benefit 1

Fewer problem tenants - experienced property managers see hundreds of rental applications and are experienced at screening tenants, reference checking and reviewing rental history to ensure you receive high quality tenants.  You of course have the final say as to rents your property.

Benefit 2

Avoid unpleasant confrontations - They are a buffer between you and the tenant - a property manager will help deal with problems such as late payments through to damaged property.

Benefit 3

Tenants have someone to talk to right away - if an issue happens with the property, property managers are more accessible to address problems all hours of the day.  Our negotiating power with tradespeople ensure you get the best price on all maintenance jobs.

Benefit 4

Decrease tenant turn over - good property managers know how to keep their tenants happy and happy tenants are more likely to want to stay and renew their lease.

Benefit 5

On time rent - good property managers will work to ensure your tenants pay their rent on time.  Consistent rent collection is the key to receiving rent payments on time and they will enforce lease policies if payments aren’t received.

Benefit 6

Less stress - someone else is managing your property and tenants so you don’t have to worry as they will do most of the work for you.
 

Benefit 7

Strict legislative requirements - Private owners are bound by the same legislative requirements as property managers in their dealings with tenants. This means that if you are taking the task on yourself, you will need to stay up to date with constantly-changing legal requirements.  So choosing a property manager to manage your investment property can be a wise decision that may save you time and money over the long term.

Benefit 8

Reduce your Risk - By engaging a property manager you reduce the chance of having a vacant property therefore lowering your risk of lost income.