Property management fees and your investment property.
Property investors who seek to have a seamless leasing experience understand the value of paying property management fees to a dedicated property management expert.
Residential properties in particular require regular maintenance and management for the day-to-day running of the property and rather than being bothered every time a tenant requires support, property managers are in charge of servicing the needs of landlords to ensure that the rental property brings in the best possible ROI for the property owner.
At the end of the day, paying a property manager fees to manage your property could be the difference between a property that is a great investment for the owner and a property that runs at a loss for the investor.
Professional property managers should include the following services within your fee:
– Tenancy tribunal hearings or mediation on behalf of owner
– Arranging repairs and maintenance or quotes for work on the property
– Routine inspections
– Pre-inspection of property including photos
– End of tenancy inspections and recommendations for repairs/upgrades if required
– Arranging end of year statements for accounting purposes
– Administration including fees, lease agreements, insurance, tenancy applications, privacy policy and document management
– General business associated with the property
Property management fees also include advertising the rental property, advice on updates on renting the property, inspections, regular property reports, analysis of rental market for rental advice and ongoing professional service to ensure your property is kept in the best possible condition.
While it can be tempting to manage a property yourself, property managers are often investors themselves and are passionate about getting the best return as well as peace of mind that where ever you live your property is being managed properly and your tenants are maintaining your investment in the best possible condition.
While your property management fees will mean that a percentage of your rental income is passed onto property managers, the true value is in the fact that you will have a property professional in charge of managing your investment who understands the industry, rental rates and how to manage tenants effectively is of huge value.
The All Ways Property Management Services team have extensive experience across the Manawatu regions including Palmerston North, Feilding, Ashhurst, Aokautere and the Tararua region.
We are dedicated to helping you achieve maximum rental returns for your home so you can enjoy the lifestyle & freedom you deserve. We understand the real estate market in and around Palmerston North and work to find the perfect tenants for all properties in the local area.
If you’re looking for a property manager to manage the day to day running of your investment property to ensure you get the best results for your money, it’s best to contact professional property managers like All Ways Property Management.
