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The importance of professional property management

13 Sep 13

With the tenancy market remaining tight and more investors returning to property it makes sense to use a professional property manager to help maximise your return.

When choosing a property manager to look after your important asset, make sure that they are a member of Real Estate Institute of South Australia (REISA).  This will give you peace of mind that your rental property is being cared for properly as members will follow the REISA Code of Conduct and Professional Standards and undertake regular professional development sessions.

The main role of a property manager is to take away your rental headaches as they understand the current market and have established procedures to deal with any issues.  They will take phone calls when there is a problem with the property and they know who to call to get it fixed.

Most property managers will have a pool of potential tenants to choose from, have many avenues to give maximum exposure to your property and find the best tenant for your property, undertake careful screening of all applications, do regular inspections to ensure the tenants are looking after your property, organise regular rental payments and chase-up any outstanding payments.

Most importantly professional property managers will be familiar with the legal obligations and provisions under the Residential Tenancies Act 1995. These complex regulations ensure that both the tenant and landlord get a fair deal and should a dispute arise during the tenancy, your property manager will follow the correct procedures to resolve any issues.  This may involve appearing at the Residential Tenancies Tribunal on your behalf or chasing outstanding debts.

For peace of mind it is recommended you use only a qualified, professional property manager.