What exactly are property managers in charge of? – Part 2

In our previous article, we talked about the benefits of using a property manager for your rental real estate in Brunswick. A few tasks that property managers are responsible for included the marketing of your home and handling of all paperwork.

However, there are a plethora of other tasks that these professionals are responsible for. Let's take a look at a few other headache-inducing jobs that property managers will be more than happy to lift off your chest.

Tenant screening

SQM Research reveals that as of January, the vacancy rate in Melbourne was at a low 2.5 per cent. While this is a great figure, how many of the homes that have tenants currently host high-quality ones?

An important role of the property manager is to interview and pick the tenants of your real estate in Brunswick. By being able to conduct background checks, you'll be able to get renters that are more likely to be responsible and timely with their payments. This could mean fewer repairs on your property and a more stable cash flow.

Third party

Getting potential tenants through the door can be challenging for time-constrained landlords. According to Career FAQs, a staggering 20 per cent of Aussies work more than 50 hours a week. For these people, it can be hard to squeeze in an open inspection after a long day at the office.

However, property management is a full-time role, meaning these agents can commit their schedule toward showing interested tenants around the home.

Hopefully, you now have a better idea around the many ways a property manager can benefit your investment strategy. If you would like to employ one of these agents yourself or simply want to have a browse through property for sale in Brunswick , get in touch with Ray White Brunswick.