How a good property manager can save your home

Owners of investment properties are constantly being subject to unruly tenants, trashed homes and expensive disputes in the Tenancy Tribunal.

Brisbane, Australia (prHWY.com) March 15, 2011 - Owners of investment properties are constantly being subject to unruly tenants, trashed homes and expensive disputes in the Tenancy Tribunal. One way of avoiding these unnecessary hassles is by finding a good property management agent. Here are three key questions to ask a potential property manager to ensure a property investment does not turn into a nightmare:

How do you avoid the tenant from hell?

Not a month goes by without a news story relating to a tenant leaving their rental property in disarray. A good property manager will be active in the tenant selection process by showing all prospective tenants the property, as well as carefully screening all applications and drawing up a lease that protects your rights. Things every good property manager will take into account when
choosing a tenant are:

* Their details in the National Tenants Database
* How long they have been with their employer
* How long they have been in past rental accommodation
* Their capacity to pay

How do you ensure the rent is paid?

One of the foremost concerns for a landlord is receiving rent on time and without hassle. A pro-active property agent will have an effective system in place that ensures rent is paid on time. Most good property management agents make tenants pay rent by direct debit, and will schedule the payment date for a few days before it is due. This period will provide them with an advance warning of dishonours, as well as time to fix them.

How do you look after properties?

It is a landlords duty to ensure that a property is maintained to a certain standard. While most lease agreements will include a clause saying the tenant is responsible for maintaining the property to a reasonable standard of cleanliness,a good property manager will have a tried and trusted team of licensed maintenance people to call in if things go wrong.

A good property manager will also conduct regular reviews on all properties in their portfolio, which will keep major repairs at bay and save landlords a lot of money in the long term.

Looking to build a property? Indigo Homes builds stunningly-designed, value for money, quality homes for all types of lots. Call (07) 3370 6000 or visit http://www.indigohomes.com.au for more information.

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Categories: Real Estate

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