Are you a landlord who is currently managing the property as an investment?

You are considering investing in rental properties but aren't sure if it's right for you. You should consider hiring a professional property management company to manage your investment properties. You can also get the help of experts for rental property management services at http://propertyscouts.co.nz/.

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Let's look at what property management looks like, how it works, and how you can decide if you need one.

What is Property Management?

Let's begin by understanding what a property manager does. A property manager can assist you with several important tasks. 

The right rental rate: While you can estimate this using the classifieds, a professional property management company will conduct thorough market studies to determine a rentable price for your property.  

Advertising and marketing your rental unit: You want to occupy your rental unit as soon as possible when there are vacant units. Professional property management firms have the experience to market your property in the most effective way possible so that someone moves in as quickly as possible.

Tenants: Property management firms will manage tenants and take care of the rest. The property management firm will screen new tenants for criminal or credit history, collect references and sign the lease. 

Manage relationships with contractors and other vendors: A property management company can help you get the best work at the best price and handle the responsibility of managing any maintenance projects.

This allows you to make investments from far away: You might be tempted to invest in SFRs and other rental properties if you have moved to an area where renting out rental units is not feasible. You won't feel restricted by the investment options if you have a reliable property management company on your side.