How property management works
Managing an investment property is hard work and not all landlords want to be a property manager. Professional property management is the solution. It involves a appointing a dedicated rental agent to help in managing the all aspects of the property; screening tenants, writing ads, collecting rent, preparing lease agreements, checking for repairs and maintenance, and answering lots of phone calls in behalf of the property owner. A good property management team such as Property Navigators can take away the hassle of renting out your Sydney property.
Professional property management companies offer broad and diverse range of solutions; some offer full service options while others offer partial services only depending on what the client requires. A full service property management includes acting as the contact point for tenants regarding matters of the lease, as well as marketing and advertising, and working with the accountant, insurance agent, or lawyer if necessary.
There are also some property managers who can be hired 24/7 as onsite managers so they can provide on-call services to tenants. Offsite managers on the other hand, such as Property Navigators, can oversee multiple properties for owners growing and maintaining a real estate portfolio. Essentially, property management is about taking all the responsibilities of running a property investment on behalf of the owner.