If you own a property that you are renting out, you’ll know the importance of managing that investment to ensure your tenant is happy. Because when your tenant is happy, they are going to feel comfortable staying in your property and paying rent which helps you with your mortgage payments and other financial commitments for the property.
Some people choose to manage their tenants themselves, which means inspections, contact, rental payments, maintenance, and any other issues are dealt with directly. It’s fine if you have the time and capacity to do this, and to manage tradespeople and rental payments and inspections, but this article is for people who elect to have a property manager look after their tenant.
While it’s not absolutely necessary to have a property manager
who knows what it’s like to be a landlord, we want to discuss some of the
reasons why it can be hugely helpful and beneficial to you and your tenant.
Read on to find out why.
1. They understand the importance of your tenant
A property manager knows how to manage a property, sure, but a landlord knows what makes their tenant happy. Your property manager is invested in keeping your tenant because they don’t get their property management fee without a tenant in house, but a landlord property manager knows how important that monthly rent is for paying off your mortgage.
As a result, your property manager will go that extra mile for you and your tenant and will work hard to make sure that your tenant is happy with the service they receive.
2. They’re more invested in your property
A property manager who is a landlord understands that your property is a vehicle for you to earn money and is a financial asset. Good upkeep and maintenance of your property is vital to ensuring that you will continue to earn money from it in the future.
As a result, your property manager will action repairs and fixes promptly and will be proactive when it comes to inspections and maintenance. That’s not to say that your everyday property manager won’t be as proactive, it’s just that a property manager who is a landlord will value the importance of these fixes.
3. They know how to go the extra mile
Your tenant is a vital piece of the puzzle when it comes to paying rent on time. Your property manager knows this and will ensure that your tenant is treated well because they want your tenant to renew their lease year after year.
Whether it’s a gift at Christmas time, prompt attention where fixes are needed or something else — your property manager knows how to go the extra mile for your tenant.
4. They think like you do
At the end of the day, your property manager knows what it feels like to be you because they own a property themselves and they understand the importance of your tenant. You’ll find that your property manager will be able to intuit things that you might have considered and will be able to manage your property successfully with minimal input from your end.
In addition, if you have a tenant who is not behaving as they should they will act quickly, and will ensure that your asset is protected.
Are you looking for a property manager who understands the importance of your tenants and the value of your rental property? Call us today at Beyond Property Management for property management you can trust on (07) 3188 7651 or get in touch online.