Property Management for your Gold Coast property
So you have bought your first property investment on the Gold Coast? ?Congratulations! What do you do now?
For many people the thought of handing over their new pride and joy to a property management company on the Gold Coast is just not something they are prepared to do. ?This is my property and I?m the only one who is going to look after it properly? they say. ?Why should I go the expense of finding a property manager when I can do it all myself; after all, it?s not rocket science is it?
Every new investor probably has these conversations with themselves and their family.
Consider the steps involved in finding a great tenant and let?s see how easy or difficult it is;
There are quite a few things you need to consider.
Where are you going to advertise and how much is it going to cost? You?ll need to consider on line and off line marketing avenues.
You?ll need to allocate time for interviewing the prospective tenant.
Draw up an application form or go buy a kit from your local newsagent.
Reference and background checking.? What do you check and how will you go about it?
You will also need lease documentation.
The property will need to be inspected and all the paperwork filled out for your protection.
How will the tenant pay you?
Who will take care of the repairs?
There will be periodic inspections to do ? make sure you schedule time for that.
Disputes will need to be resolved too. How good are your negotiating skills.
Now, do you really have the time and the expertise to do all this?Property Management Gold Coast has the time and the expertise.
A lot of new investors start out managing their own properties, but it doesn?t take much to seek out a qualified and caring agency to manage their property.
After all, a property investment is a about the numbers isn?t it? The mortgage, the rent, the cost of repairs, the cost of the property manager and the taxable claims are all numbers.
Leave the emotion out of it and get a great property management company on the Gold Coast.
Written by: Dan on June 13, 2011.
Posted by Dan on Monday, June 13, 2011 at 5:52 am?
Filed under Property Management ? Tagged with Application Form, Avenues, Coast, Conversations, Gold, Gold Coast Property, Investors, Lease Documentation, Line Marketing, Management, Management Gold, Many People, Mortgage Refinance, Negotiating Skills, New Investor, Paperwork, Pride And Joy, property investment, Property Management, Property Management Company, Prospective Tenant, reference, Rocket Science, Schedule Time
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