It’s often assumed that a property manager is in charge of just a few things: finding a suitable tenant, collecting their rent and checking-in often enough to ensure they’ve not destroyed the place.
But there’s so much more that a good property manager does behind the scenes in an effort to protect your cashflow and your investment. It’s important to understand exactly what their role is, in order to ensure you’ve got a good property manager representing your interests. Here is a shortlist of the most important things they should know and manage on your behalf:
Failure to adhere to something as important as this can have grave results.
To any property investor who is considering being a DIY landlord, we strongly advise you to review this list again to gain an appreciation of just how much property managers do to protect your investment.
However, if your property manager isn’t performing, don’t be afraid to move on. It’s only a matter of paperwork to shift to a new provider, and when it comes to maximising and protecting your investment there’s no place for risks that could leave you exposed.