If you have decided to enter the rental market with your investment property. Why hire a property management company in Cairns?

Here’s the top 3 reasons hiring a property manager, can be beneficial in the demand for further rentals in Cairns:

Time Efficiency

One of the most common issues in society today is that we seem to be time poor. The AIFS released statistics of 51% of Australians experiencing time poverty.

If you take into account spending time with your family/friends, working hours, sleep, household jobs etc. How does taking on an investment property give back that investment into your life? Especially when there are the needs of maintenance, real estate laws and guidelines. Inspections to ensure your property is maintained and does not end up costing you more money. Paperwork and the list goes on and on…

This is where yes, now is the perfect time to have an investment property in the current demand of the market in Cairns. However a property manager can be crucial to ensure your property is well looked after, as they have qualifications and further knowledge in how to uphold legalities and standards of practice to keep your investment safe. With the nationwide investors in Cairns growing, sourcing relevant information, ever changing legalities and suppliers can be even more time demanding. With the ideal property manager in Cairns, you will have more free time up your sleeve and be making back money on your investment.

Money saving

I know what you’re thinking, money saving? How am I saving money if I am paying for a property manager?

The best way to save money using a quality property manager in Cairns is, we have experience in sourcing cost effective suppliers and tradesmen. Using knowledge of my local area and past experiences with numerous trades companies as well as the Value Homes trades connections. I will source multiple quotes or figures and come back to the landlord with the most cost and quality effective service provider. This is where you want a local property manager to care for your property. Otherwise you end up paying drastic amounts, for very dismal work. That will need to be attended to, most probably again.

Another added cost without a local property manager can be legalities, not only is this affecting your time poverty as previously mentioned. But also legal fees if not adhering to the appropriate laws. Not to mention tenancy issues and loss of rent/income if the appropriate paperwork has not been put in place.

For example, if rental payments are not consistently monitored and a tenancy enters an amount of days rearing past their breachable date. You might have just lost the ability to evict that tenant by a date you could have received their bond back to claim their rental arrears. What happens if this tenant has also damaged the property, not completed a vacate clean? This is where your investment would lose you a dramatic amount of money if you don’t have someone consistently managing your property that’s on the ball. This is where having a property manager saves you money in the long run.

Qualified, Knowledgeable and Continuously Furthering Education

As a quality property manager in Cairns, knowledge is key to keeping landlords, tenants and the RTA happy. A property manager will be qualified and continuously be developing and learning more information and skills in how to make sure their clients are well looked after.

To provide you with informed decision making, skills in dealing with tenancy issues that may arise and more. A good property manager would always be up to date with ever changing laws and regulations through continuous training and curiosity.

They would also hold local knowledge of the current pricing in the particular catchment and specifications of the property. Allowing you to make an informed decision when it comes to advertising and pricing increases, to ensure you can increase the rental price when applicable and within the legal time frames.

Knowledge really is power, in ensuring you see returns on your investment.