ExecutiveChronicles | Maximise Your Investment with Property Management Services | If you’re lucky enough to own an investment property in the lucrative Australian real estate market, you’ll know that it can be challenging to manage it yourself. While you might have the ability and passion, it’s unlikely you have the time to handle everything from securing top-tier tenants and retaining them, to maintaining your property and collecting rent on time. Collaborating with an agency that offers premier property management services can future-proof your real estate investment.
Reduce Rental Issues with Property Management Services
An experienced property manager will have commercial insight along with plenty of societal empathy. Property managers live and breathe rental properties — they inspect hundreds of them, and screen even more tenants to fill them. They are best placed to screen potential tenants and secure the best calibre of tenancy for your property, plus diminish tenant turnover. Engaging an assertive property manager also creates a buffer between yourself, the landlord, and the tenant — this can be a huge positive when issues arise with the property or rental increases.
Making the Most of Your Rental Investment
To maximise profit on your rental property, it’s imperative to decrease the time your property is vacant, and when it’s tenanted, to collect rent on time. These two challenging endeavours can be easily managed by a professional property manager, increasing your profit and decreasing your stress levels. You may also discover that you’re entitled to more comprehensive insurance policies when you enlist property management services. While a property manager will cost you approximately 7-10% of your gross rental income, the services offered by an experienced property manager are priceless. And don’t forget, usually a property agent’s service fee for managing your investment property will be tax deductible.
The Rental Market in Point Cook
A booming rental market in Australia is Melbourne’s Point Cook — it’s an affordable region with more houses than apartments, so it’s attractive for young families. EST Property is a top-tier real estate agency in the Point Cook area and boasts plenty of local knowledge regarding this vibrant beachside suburb in Wyndham City. EST Property focuses on the three M’s in their property management philosophy: minimising vacancies, maximising rental return, and monitoring your property regularly. Get in touch with EST Property today to discuss an investment property or to boost rental returns.
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