Why do I need a Property Manager?

It’s not an uncommon question I hear from landlords. Let me ask you another question.

Do you need a property manager at all?

Not everyone needs a professional property manager. For example some people have sufficient spare time to deal with the physical aspects of managing their property.

Such things as
• meeting prospective tenants at the property
• interviewing the prospective tenant
• carrying out the reference checks
• typing up the paperwork for lease and bond
• carrying out a detailed property condition report
• attending the final bond inspection and
• dealing with regular maintenance issues.

In addition some people are fully up to date with and understand the Residential Tenancies Act. There can be expensive monetary penalties imposed if the Act is breached.

Some landlords are very comfortable and confident dealing with sometimes difficult situations involving tenants.

In my 26 years experience in property management I have found a great many privately managed properties are under rented. That is, the landlords haven’t kept up with current market values and/or are not comfortable asking the tenant to pay more rent.

If you are investing $400,000 or $500,000 in an investment property why would you not want to achieve the maximum return on your investment by not keeping up with current rents.

If you are comfortable, confident and have the time to deal with these issues, then you probably don’t need a property manager.

On the other hand you may need a professional property manager, in which case we may be able to help you.

Bernie Kroczek Real Estate is pleased to announce that our property management department is now a company in its own right. Yes, as of November 14, 2012 we are delighted to announce the commencement of ‘Total Care Property Management’.

You’ll still be serviced by the same amazing team giving you and your property Total Care, of Victoria, Vicki and Gai, but you will notice a new look on our stationery, logos, website and advertising.

We are keen to increase our rent roll, so if you need a great team of professionals to look after your investment property, we’d love to have a chat with you and offer you Perth’s best in property management.

About Bernie Kroczek

Bernie Kroczek has been in real estate for over 26 years. He prides himself on offering an alternative to the usual way of doing real estate. He also likes to offer plenty of free information to help people make the best decision when buying or selling property.

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