Many investment property owners choose to manage their property themselves and some of them are very successful. However, with the time involved in collecting rents, arranging repairs and maintenance, finding the best tenants and being on call 24 hours a day for emergency repairs most owners have found that their time is more valuable spent elsewhere.
At Noosa Property Managment we believe a good property manager will actually increase the return on your investment, not cost you money. We do this by reducing costs for repairs and maintenance as our experienced tradesmen often provide us with cheaper rates than you can obtain. We also ensure that rental rates are reviewed regularly to ensure you are receiving the highest rental return for your investment. We also save you time and petrol from the many visists each year we make to the property.
Other important considerations investors should take into account are the legal aspects of property management. In the litigious society that we live in, a property owner can ill afford to handle a problem tenant in an incorrect manner. Failing to meet your obligations to your tenant could lead to thousands of dollars in compensation being paid to your tenant. At Noosa Property Management we are well versed in landlord tenant law, and are abreast of the constantly changing legislation governing them.
Another consideration is your landlord insurance. If you read through your landlord insurance policy thoroughly, there is very often a clause within your policy that states your insurance cover is void and the insurer will not cover the property should the need for a claim arise.^ back to top