Real Homes

Professional Property Buyers

Author: Vaine

12 benefits of using a property manager

After purchasing your investment property, the next key decision you will need to make is whether you will employ a property manager to help you, or whether you’ll manage it yourself. Here is a look at 12 key benefits a property manager can offer you.

Fewer problem tenants

Experienced property managers see hundreds of rental applications and are experienced at screening tenants, reference checking and reviewing rental history to ensure you receive high quality tenants. You of course have the final say as to who rents your property.

Avoid unpleasant confrontations

They are a buffer between you and the tenant – a property manager will help deal with problems such as late payments through to damaged property.

Tenants have someone to talk to right away

If an issue happens with the property, property managers are more accessible to address problems all hours of the day. Also their negotiating power with tradespeople ensures you get the best price on all maintenance jobs.

Decrease tenant turn over

Good property managers know how to keep their tenants happy and happy tenants are more likely to want to stay and renew their lease.

On time rent

Good property managers will work to ensure your tenants pay their rent on time. Consistent rent collection is the key to receiving rent payments on time and they will enforce lease policies if payments aren’t received.

Less stress

Someone else is managing your property and tenants so you don’t have to worry as they will do most of the work for you.

Across strict legislative requirements

Private owners are bound by the same legislative requirements as property managers in their dealings with tenants. This means that if you are taking the task on yourself, you will need to stay up to date with constantly-changing legal requirements. Home buyers in Sioux City. So choosing a property manager to manage your investment property can be a wise decision that may save you time and money over the long term.

Comprehensive Insurance

You’ll also find that landlords who enlist the help of a property manager may be eligible for more comprehensive insurance cover and other advantages.

Qantas Frequent Flyer Points

When you appoint LJ Hooker as your property manager you will receive 10,000 Qantas Frequent Flyer points to spend on a holiday of your choice.

Reduce your risk

By engaging a property manager you reduce the chance of having a vacant property therefore lowering your risk of lost income. Also reduced risk of damage with regular inspections and detailed reports to you. Allowing you to maintain the condition of the property in a managed time frame.

Many service fees are tax deductible

A property manager costs approximately 7-10% of your total rental income, however the services and expertise offered by a good property manager is worth much much more than this fee, plus in many cases the agents service fee is tax deductible.

Maximizing your return

A good property manager will keep your abreast of market rentals and your position on rental increases. Also keeping your tenants on a current lease, giving you security of tenure. And introducing you to companies such as BMT for tax depreciation schedules, and obtaining more money for you come tax return time.

Next steps

Working with a competent property manager can save you from the countless headaches and stress that can come from having to manage your investment property. Finding, screening and managing your tenants, property inspections, organizing repairs and maintenance are just some of the tasks a property manager can help you with. It is common for many investors to quickly dismiss the idea of hiring a property manager, but a good property manager can be the factor that can drastically improve the return on your investment.

Strategies for readying your home to sell in spring

Even though sales outcomes tend to be stronger in spring, more sellers and a larger number of properties mean more competition for your property. This means you’ll still need to have a focused strategy to boost your chances of a great sale outcome. Ideally this strategy will include property staging and presentation. Follow these tips to maximise your property’s appeal to buyers.

Spring clean

Start with a complete spring clean to get your house ready for the sale. Clean glass doors and windows from the outside and inside. Remove cobwebs and give everything a good dusting and vacuum. Wash curtains and dust blinds, lighting, and other fixtures. Clean and polish door knobs, mirrors, switches, taps, and fittings.

Have your carpets professionally steam cleaned. Wipe down cupboards and all exterior and interior surfaces like closet doors as well as shelves and drawers. Pay particular attention to kitchens and bathrooms, and have your tiles and grouting cleaned by experts if necessary.

Increase curb appeal

First impressions count when it comes to buyers’ opinions, so make your exteriors stand out. Tidy up your front and back garden by clearing away any clutter from your front yard. Use a pressure washer to hose down driveways and garden pathways and make sure you remove any oil stains. Rake away dead leaves, prune dead winter growth, and do a thorough weeding. Have your roof and gutters cleaned by professionals. Remove any large bushes and trim away tree branches to clear the exterior view for prospective buyers.

Trim your lawn edges for a clean and orderly look. Fix dead, bald, or yellowing lawn patches by seeding and fertilising these spots. Adding small improvements like mulch can make a big difference while reducing the need for ongoing weeding. Get rid of any shabby-looking outdoor items like rusting deck chairs and creaking swing sets.

Consider repainting fences, exterior walls, and the letter box. For a pop of colour, add flowers and green shrubbery to your front garden. Don’t forget to fertilise your lawn and garden beds for vibrant springtime growth. Make an impact by introducing statement pots and plants to your entrance. Remember to keep up with watering to keep your lawn, flowers and trees to keep them looking their best.

Remove personal items

Take the opportunity to declutter your house by throwing away or donating anything you’re not using. Remove as many personal effects from your property as possible. Decluttering makes your interiors and storage spaces look more spacious, and depersonalising your home provides potential buyers with a blank canvas to imagine the house as theirs. We buy houses in Kenner

Remove family photos, souvenirs, and accolades. Consider putting oversized, worn-looking, or clashing furniture pieces into storage. Anything you leave, like clothing hanging in your closet and plates in cupboards, should be in good condition and tidily arranged.

Accessorize the interior

Staging your property allows you to target specific demographics and possibly achieve a better price. An experienced real estate agent is your best adviser when it comes to staging. He/she can pinpoint the special features and guide you on how to highlight these with staging.

So what exactly does staging involve? You could rent furniture, artwork, and additional accessories to accentuate your property’s top features. These can be used to repurpose rooms – such as turning an extra bedroom into a nursery or a home office – depending on your target demographic.

You can add basic touches yourself, such as updating old towels, rugs, and linen with new ones. Draw back the blinds to let in natural light and add fresh bouquets of flowers. During inspections, the agent might recommend added elements like relaxing music and pleasing aromas with baking cookies and freshly brewed coffee.

Do any necessary repairs and maintenance

Take an objective look at your interiors and note any flaws, defects, or damage. Repair leaky taps, loose doorknobs, and faulty light switches. Give damaged walls a fresh coat of paint, and consider having carpet stains removed by professionals. If you have timber flooring, think about having them restrained.

Work with an expert

A real estate agent works closely with you at every step of your sale, ensuring you’re staging and preparing your property correctly. He/she can check you’re working off an accurate value for your home and assist with your contracts and paperwork.

Spring is a busy time for both buyers and sellers, and your agent can help make your property stand out and successfully market it to your target demographic. In addition, you could have the full confidence that it’s truly the right time to sell if you have the help of a real estate expert who knows your local market.

Achieving a successful sale in spring

Spring is a preferred time to sell and buy, and as a seller, you could enhance your chances of getting a great price and achieving a faster sale by preparing your property in the right way. Decluttering, cleaning, and depersonalisation are essential strategies to apply, along with working with an experienced real estate agent.

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