22/09/2022
Professional Property Management or DIY?
1 - Could you afford to be hit with an unexpected bill in the tens of thousands?
2 - Have you read the claim conditions in your insurance policy?
3 - Are you aware of your legal obligations as a landlord, and the penalties for not meeting them?
There is a lot more to property management these days than most people realise, and there’s a lot at stake. One missed step or document can cause a lot of headaches down the track if something goes wrong.
To mitigate risk and facilitate the best outcomes for your investment, it really does pay to have the best people looking out for you.
Owning a rental property is a business
Business owners depend on a team of professionals that work in their best interest. A property manager is a valuable part of that team, just as your lawyer, accountant, insurance, and mortgage advisors are.
Perhaps the questions you should ask yourself is, ‘Can you afford NOT to have a Property Manager?
If you ever need to claim for damages to your property, you’ll likely need to demonstrate that you’ve taken every precaution to mitigate risk to it. Your insurer may consider your tenancy screening and inspection processes, and request copies of tenants’ 1. credit checks, 2. reference checks and 3. proof of ID.
They may also ask how you validated your references and assess the questions you asked to ensure they were robust enough. While requesting copies of previous rental inspections, along with photos of damaged areas before and after as evidence.
What’s more, if you need to file a claim through the tenancy tribunal for damages or unpaid rent, you’ll need to demonstrate you followed the required process and met your legislative requirements as a landlord.
There is a lot to know and a lot at stake for you and your investment
At Glasshouse, our role is to take care of all of this for you. Our processes, systems, checks and balances are designed to mitigate potential claims against you, as well as damage to your property.
Like most things in life, experience matters most when times are tough. How well potential issues are addressed at the onset can have a huge bearing on outcomes in the long run.
Our team strives to ‘nip issues in the bud’ before they escalate and all our Property Managers adhere to a high duty of care and are suitably qualified to ensure the best outcomes for you, your property, and your tenants.
For an obligation free discussion about how we can be of assistance, or to arrange for a free rental appraisal on a current or potential property – give us a call, we’re happy to help!
Anél Mostert I Glasshouse Property Management
Business Development Manager 027 808 7340 [email protected]
Choose the best rental management company & get the best service too. Our Cambridge & Hamilton Property Management team create positive rental experiences. We connect caring tenants with caring landlords and look after the needs of both - that's the Glasshouse difference. Discover more.
