A hand signing a contract in an office

What Is The Role Of A Property Manager?

Having a good property manager in Townsville on your side is so important if you don’t want to look after your investment property yourself.

A property manager is an individual or business who you entrust to oversee and look after your property, to ensure that not only does it stay in tip-top shape, but that your tenants enjoy the property as much as you would.

But, when it comes down to it, what can you count on your property manager to actually do? What is the role of a property manager for investment properties in Townsville? Read on to find out more.

Carry out property maintenance and repairs

Your property manager is your tenant’s first port of call when it comes to having any maintenance or repairs completed on your property.

They ensure that the repairs are completed in a timely and efficient manner so that the issue doesn’t get worse and your property stays in top condition. These repairs and maintenance issues can include any of the following:

  • Smoke alarms
  • Some emergency repairs
  • Drains and gutter maintenance and cleaning
  • Building and pest inspections

Having a good property manager overseeing your property will help ensure that any property issues are dealt with swiftly and efficiently.

Take care of the rental property

Property managers are responsible for looking after your property when it is vacant as much as when it is occupied. This means that when a property is sitting vacant a property manager is expected to make sure that the property is protected and secure.

This can also include hiring professionals to undertake any ongoing work, avoid or repair vandalism and ensure that squatting is not happening in your vacant property.

Setting and collecting rent

Not only is it important that your property manager ensure that rent is paid in a timely manner, but it is also their job to set the rental amount.

They are expected to be able to evaluate the market and set a fair price for both the owner and the tenant. This is pivotal as the incorrect rental amount can have a huge impact on whether the property remains vacant or not.

Your property manager should conduct property appraisals that will allow them to maximise your rental yield and earn a good return on your real estate.

Budgeting and paperwork

There’s no doubt that paperwork can be tedious at the best of times. This is especially true when it comes to property paperwork.

Property managers will complete and keep detailed records of all budgeting and paperwork that is relevant to your property.

This can include everything from lease agreements and inspection records to repair and maintenance costing and receipts. They save you the hassle of having to sort out the paperwork yourself.

Having a great property manager looking after your property can save you a lot of time, stress, and effort.

If you need trusted professionals for your property management in Townsville, why not give the team at Kingsberry a call? We’re experts when it comes to seeing your property managed right.