Udy Realty Explain Why You Should Use a Property Manager
Monday 17 September 2018, 8:35PM
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Graeme Udy of Udy Realty takes the time to explain why you should use a Property Manager for your rental properties. He says it’s important to ask yourself, when arranging property management documents and tasks, “Do I have a thorough understanding of the Residential Properties Act 1986?” This is a highly specialised aspect of Real Estate.
It is fraught with the danger of litigation in almost every task you undertake. A competent Property Manager not only possesses a strong understanding of their role, they continually increase their knowledge of insurance requirements, changes to legislation and industry, and market trends, to insure all clients achieve the highest level of service at all times.
If you are considering managing your own investment property, Graeme recommends it is wise to consider the following points. Do you possess a thorough understanding and knowledge of the Residential Tenancies Act 1986, in order to maintain a fair and professional relationship with your tenant? How much do you know about the tenant selection process?
Do you know how to lodge your tenant’s bond money in accordance with the Act’s requirements and in the required time frame? Do you know the right procedure when dealing with rental payment arrears? Do you have a concise knowledge of the Act to effectively represent in Court?
Could you successfully terminate your tenancy and recover possession of your property without the need to go to Court? Could you complete a valid Property Condition Report, with enough detail to stand up in Court if necessary? Do you know the correct procedure when the tenant has absconded, and abandoned goods remain at the property? And, finally, would you be able to recover any outstanding debts.
All of these questions can be answered by the team at Udy Realty, or even better, they can take over the management of your rental property, so for more information on home rental services, rental appraisals and residential rentals please go to http://www.udyrealty.co.nz .