If you have been a property owner for some time, you would have discovered that managing a rental home can be a fantastic source of income. However, there is no doubt that this requires a certain commitment and level of involvement to ensure everything runs smoothly.
With that being said, here are 5 reasons as to why you should consider hiring a professional Property Manager to help maintain and increase the value of your home:
- Increase your earnings
Hiring a Property Manager can seem like a cost at first, however, in the long-run it is a wonderful investment as they increase the value of your home through high quality care and sourcing the most lucrative opportunities. At SMARTHOST, we prioritise your earnings, as well as your flexibility, by offering multiple packages to choose from to fit around your needs.
- They save you time & stress
It can be a highly demanding job to stay on top of payments, deal with repairs and resolve any disputes with tenants, which is why hiring a qualified Property Manager will take away any stress or workload in dealing with the investment upkeep and revenue process. Especially if you are a landlord who lives abroad, delegating these responsibilities to a qualified staff member can give you one point of contact and allow you maintain your life without sacrificing your time or need to travel.
- In compliance with the law and regulations
There are a multitude of laws and regulations to abide by within the industry and these often change. Such as housing regulations and local laws, that management companies such as SMARTHOST know in-and-out. Therefore, may an event come into play, such as evicting tenants or complying with Fire Health and Safety regulations and client money handling, rest assured your best interest is at hand and your investment’s safety is covered.
- Screening and sourcing quality tenants
With many years’ experience working within the industry, companies utilize their network to broaden their reach when sourcing reputable tenants. SMARTHOST works closely with the best property portals, such as Rightmove and Airbnb, depending on your required rental strategy. This allows your property to be marketed to over 120+ million prospects, who are rigorously vetted before being appointed.
- Managing tenants
In addition to sourcing good tenants, a management company will also handle all aspects of the tenant-landlord relationship. These will include various routine practices such as inspections, payment management, as well as, delegating and overseeing necessary maintenance works.