Now that you know what trusted property managers in Canberra are, you must understand the usefulness of property management services.
- Handle Screening of Tenants
Renting a property in Canberra is expensive due to lower supply and higher demand. As per recent data, the median rental average for Canberra dwellings is around $633 per week. When you hire a property manager, the enterprise will handle the screening process of the tenant. Professional property managers have a trained eye to see the potential red flags while screening tenant applications.
They are fine at identifying good tenants who will pay rent on time and take care of the property. In addition, hiring a property manager and letting them conduct the tenant screening process helps avoid problematic tenants.
- Market Your Rental
If you want to rent your property in Canberra, you must spread the word. Property managers know the local real estate market, and they can help set you a competitive rent price. When you work with a property management company, they shoulder the responsibility of taking high-quality photos of your property, writing rental ads and hosting open houses. The result is that the property will not remain vacant for too long.
- Save Money on Maintenance and Repair Costs
Using a property management firm comes with many advantages. Most companies have in-house maintenance staff or tie-ups with a service provider that provides maintenance at competitive prices.
The property manager will conduct regular inspections to find potential issues and fix them before they become big problems. This approach helps in reducing maintenance and repair costs.
- Avoid Potential Legal Issues
Experienced property managers have good knowledge of the Residential Tenancies Act 1997. They understand the rights of the tenants and landlords and help avoid potential legal issues besides saving your time and money. When you partner with a reliable property management company, they will bear the lawyer fees associated with evictions and property damage issues.