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Landlords in distress. Maybe it’s time to get a property manager?

By Danielle Banton

Massive flash floods in recent weeks are causing Sydney landlords some even bigger headaches. It’s times like these that having a property manager on your side could be a real time and money saver.

Michael Krimotat, Director at Ray White Double bay emphasised that as an investment property owner, not everything will be smooth running. In fact a lot of the time, things just don’t happen the way you intended and the thing is… if you don’t have experience on your side, these things can lead to costly and time consuming exercises. And now thanks to the recent flash floods, there is damage, legalities and so much more that landlords have to deal with. A property manager can help with all of this… They have financial records on hand, they’re up to date with the law and they can help you find contractors too. Property managers can basically take care of everything for you.

In fact, there are also a couple of ways that having a property manager can help in general:

Property managers do all sorts of things that help investors out, such as removing bad tenants that just seem not to care that they’re living in someone else’s property. This is often something that’s not easy to do, and well if you can avoid it… why not? Never mind this, but property managers also help in legal battles (should it come to that) and are always up to date in property law so there’s no need to stress.

Having a good property manager means that they keep detailed and organised financial records for you – making things a whole lot easier come tax time. Again, this can be a frustrating process, and at least this way; you’ll know exactly what to do. Not only this, but there are also definite benefits to have a good property management firm on your side. They can list your property and ensure the highest quality tenants only. Sometimes, its hard going through the screening process yourself rather let them handle that!

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