Property Management

By: Harrys Property Management  03-Jun-2014
Keywords: Landlord

One of the main advantages of using a professional to manage your investment property is peace of mind. Qualified Property Managers know the marketplace ensuring you receive maximum returns on your investment. They also have an understanding of relevant legislation and paperwork that is required under the Residential Tenancies Act. The world of property management can be quite complex with legislation affecting the everyday workings of a tenancy and lessor relationship. For example: the Privacy Act, Anti- discrimination Act, Trade Practices Act, Property Agents and Motors Dealers Act and the Residential Tenancies Act. Using a professional agency such as Harry’s Property Management to manage your property alleviates you from the pressure of having to deal with tenancy issues. Property Managers negotiate rents and leases on your behalf, sign and complete all documentation required by legislation, attend to maintenance issues, organise quotes, complete routine inspections (with your consent), attend to the payment of maintenance accounts, disburse funds to you monthly or twice monthly, provide you with a written financial statement of your rental funds, complete final inspections when your tenants vacate, plus a range of other activities. There are many functions of property management that are required to be done that a private lessor may not be aware of. The skill and expertise of an agent will reduce the risk of non- compliance with the Act and save you as the investor from facing the possibility of financial penalties through non-compliance

Keywords: Landlord

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