Local Property Management in Ringwood VIC

Should you get residential property management?

A property management service is a third party that acts as an intermediary between you and your tenants. They may be responsible for:

• Finding and screening new tenants. This involves performing checks and obtaining references.
• Collecting rental payments from tenants.
• Resolving disputes, answering queries and concerns and looking after tenants.
• Carrying out property inspections and maintaining a condition report.

The main benefit of real estate property management is that they will save you time and effort. By having this middle-man, you can just look over the fence once in a while to see if everything is okay and focus the rest of your efforts elsewhere. A property manager typically costs between 7% to 10% of your weekly rental income. Note that management fees are tax deductible.

Weighing the costs and benefits and knowing your options are crucial. Rental property management is about peace of mind, however there are options to suit different levels of engagement. To learn more, search our listings and contact a local real property management service near you.