Trust Property Management Discuss Why You Should Engage a Property Manager

There are many reasons why you should engage a Property Manager, and the first is if you plan on leaving New Zealand for longer than 21 days, then by law you must appoint a local point of contact, available to your tenants at any time.  

Secondly, professional property managers view a range of rental properties in Wellington on a daily basis, with the experience and knowledge to know when your return on investment is getting out of step with the market. Trust Property Management  will happily provide proactive advice to best manage your asset.

 

Thirdly, they will keep you up to date on changes in regulations. If you are a landlord you are obliged to keep up to date with your legal obligations and to understand tenants’ rights, and quite rightly too.  For example, big changes are currently underway in the area of insulation – not knowing or understanding these could be costly.

 

Similarly, professional tenant vetting is not available to private landlords, and selecting quality tenants is vitally important, and getting it wrong can be stressful, time consuming and expensive. Professional property managers have “heard it all before” and have access to tenant vetting tools, meaning your tenants will be credit checked, background checked and online presence checked.  

 

Trust Property Management are on call 24/7. By engaging the services of a property manager you can switch off, as their mobile phone stays switched on. A good property manager will have a team of quality tradespeople who can be relied upon in an emergency. Similarly, you might be happy to check your bank account daily to confirm rent payments have been made, and if anything is missing, to follow it up promptly, by contacting all tenants living in the property. That day. And again the next day. Professional property managers are reconciling all rents on a daily basis and have reporting tools to inform tenants, to the day, what their rental obligations are.  It is surprisingly common for tenants to be confused by rent payment cycles, particularly at the end of a tenancy.

 

Reporting tools take all this way and save landlords wrangling excel spreadsheets and bank statements, at 9pm at night, when doing it themselves, so for more information on property management Wellington, property managers Wellington and managing my property please go to http://www.trustproperties.co.nz.