Property Management Solutions for the Private Investor

Many private investors in Australia diversify their portfolio by including a rental property or two, as real estate has always been a safe investment. Not only do you have the regular income from renting out the property, the value of the real estate increases over time, which makes for a very good investment environment.

Comprehensive Property Management Solutions

When you purchase real estate with a view to renting it out, there are many liabilities, and smart investors will join forces with a local property management company such as the WIT Group, who offer tailored solutions for the rental property owner. Here are just a few of the essential services this kind of company would offer:

  • Sourcing & Screening Tenants – This takes the hard work out of finding suitable tenants, and with your criteria, the management company would ensure that potential tenants are suitable. It can be an absolute nightmare trying to evict irresponsible tenants, and in order to avoid this, you need to screen all potential tenants for suitability.

 

  • Building Maintenance – Of course, the investment needs to be properly maintained, and this is just one of the services a property management company would offer. Any minor repairs would be carried out promptly, and anything major would require your approval first. Inspections can be carried out at intervals specified by you, plus they would ensure that the property is always compliant.

 

  • Drawing Up Tenancy Contracts – If you have no prior experience in the rental property business, having the property management company help you draw up a tenancy contract will prove invaluable. Getting this wrong could see you at a major disadvantage, so it is vital that your contract covers both you and the tenant according to the law.

 

  • Landlord Compliance – There are many aspects of being a landlord that require your attention, and this is something your property management company can handle. Fire safety and health and hygiene are all aspects of renting out property, and the property management provider can ensure that you are in full compliance with the law.

 

  • Collecting Rent – The property management company would even collect your rent, transferring the money to your account, which is yet another good reason to enlist the help of a local property management company. Their goal is the make your life as easy as possible, by providing every essential service that a rental property owner would require, allowing you time to focus on other aspects of your life.

If you rent property, a great deal of your time will be spent managing the property and making sure everything is as it should be, but for a small fee, the management company can take care of every aspect of your rented property, allowing you the freedom to do other things.

Today’s property management company has a full range of services that are specifically designed for the property owner who is renting to tenants, and all it takes to make contact with such a company is an online search.

If you are thinking of acquiring real estate with a view to renting, you should get in touch with a local property management company who have all the solutions.