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Have you recently bought a rental property and wondering whether to engage a property manager, or whether you’ll manage it yourself? There are five basic obligations every landlord must follow.
You might not know it, but you need a Property Manager. And if you make the (wise!) choice to use one, you might also want to get a bargain. But have you also thought about all the hidden extras your money pays for?
Here is a helpful list of questions to ask a professional property manager before engaging their services.
Ah renting. It’s a double-edged sword. You avoid the expenses of mortgages, rates and house insurance: but on the flip-side you don’t have complete freedom to do what you like to your property, there’s the worry of increasing rent or “What if the landlord sells?” and you also have to put up with questionable flat-mate behaviour every now and then:
Tenants seek out the same features in properties as buyers do: visually enticing, well-maintained, functional, close to amenities, transport and schools.
There are several legal scenarios that can arise from property management. However, LJ Hooker property managers are trained in making you and your tenants aware of the legal obligations of each party from the outset, minimising the chance of a legal issue in the future.