When you own investment property there are two questions that are asked more than any others. Firstly, are the tenants paying the rent on time? Secondly are they looking after the property? And these questions are exactly why you need a good property manager. You see, as property owners we think tenants will pay the rent, in full and on time without default, just like we pay the mortgage to the bank. And if we don’t, we know we will follow the path of a mortgagee sale. We know too as property owners that getting behind in mortgage payments can have huge impact on the final cost of ownership. So why can’t we believe tenants can and will pay the rent on time? Well most do, but for a multitude of excuses, some tenants don’t. As property managers, we have a zero tolerance for late rent payments. It’s not acceptable to make a late payment at all. We put in place steps to ensure that all tenants know what will happen if the rent is not paid on time. For a small fee of $20 – $40 a week that’s got to be the best peace of mind property owners can buy!
And the same goes for taking care of the property. Regular scheduled inspections by an experienced property manager who knows what to look for is essential for double peace of mind. In fact, as a property owner why would you want all this worry when you can buy this service for such a small fee?
