You may ask yourself why do i need a property manager? Why would i pay someone to manage my property? The answer should be a fairly simple one. A property manager is the perfect buffer between you and your tenant — and if relations were to deteriorate you might be very grateful that you are not the front man.

 

It’s important that your property manager is a licensed real estate agent with an understanding of the state laws regarding rental properties. The property manager is acting on your behalf, a professional neutral third party.  The management of long leasehold residential property is a complex business requiring a full understanding of the structure and meaning of leases, a thorough knowledge of the ever changing statutory requirements of the various landlord and tenant legislation (there are several key Acts of Parliament). Every lease is individual and therefore the experience of a professional property manager is essential for proper interpretation.

 

You are not just looking for somebody to collect the rent on a weekly or monthly basis — that more often than not is done electronically these days. In most cases you probably need somebody to provide total management of the property from marketing, advertising, finding and screening tenants, through regular inspections to sourcing tradesmen for ongoing maintenance. Property management is a time consuming business, by employing a professional who has been trained to do so will free up your time and allow for things to be done correctly the first time around.