Being a property owner and renting out properties is a professional business which is why the benefits of hiring a property manager can significantly outweigh management fees, providing landlords with peace of mind that their property is in experienced hands. Read more below to learn about the benefits of engaging a property manager and whether this is the right decision for you.
Tenant Selection: With an experienced team that has reviewed thousands of tenancy applications, our property managers conduct reference and credit checks for all applicants. This ensures that tenants are thoroughly screened and vetted before moving into your property.
Rent Arrears and Collection: As part of our management fees, property managers handle all rent collection. We maintain a zero-tolerance policy for rent arrears, and notifications are sent to tenants the day after rent is due.
Up to Date with Regulations: The list of regulations and laws that private landlords and property management companies must follow is extensive, including compliant tenancy agreements, Healthy Homes compliance, smoke alarms, tenancy notice periods, bond forms, and refunds, to name just a few. Hiring a property manager with the correct knowledge of tenancy laws and regulations can save you time and money, especially by helping you avoid fines for non-compliance with legislation.
Identifying Maintenance Issues as They Arise: Ray White Rotorua offers a 24/7 online maintenance reporter and actively promotes this service to our tenants. This software allows tenants to report issues as they occur, rather than waiting until working hours and potentially forgetting to report them. The software also prompts tenants to attempt to fix or minimise issues before a tradesperson is called out. Property managers can then assess the maintenance issue and act accordingly or report to owners for instruction or authorisation to remedy the situation. Maintenance issues are also noted at each routine inspection.
Less Stress and Freeing Up Personal Time: Managing properties privately can be a full-time job, especially if you have multiple properties. Engaging a property manager allows you to focus on other important aspects of your life and free up your personal time, whether for work or leisure.
Travel: If you are a private property owner planning to travel overseas for more than 21 consecutive days, you must appoint a contact person to manage your property while you are away. Engaging a property manager means you can travel as you wish without worrying about handing over this responsibility to someone else each time you plan to be away for more than three weeks.
If you want to find out more about the services that Ray White Rotorua Property Management offers, and how this may benefit you contact us at www.rwrotoruapm.co.nz or call 07 348 8333 and ask to be transferred to the property management division
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