With success comes hard work and the support of many. To us, your investment is no different. We understand the significance your investment plays not only in your current day-to-day life, but also on your future.
Ensuring you have the right support team being you in your property investment venture is important… So, who do you have as part of your team?
Property managers play a pivotal role in ensuring the overall management of an investment property is taken care of. From advertising vacant properties, finding the right tenants, ensuring rent does not fall into arrears, maintenance requests are managed and overall communication between tenant and landlord is managed, your property manger can help ensure the short- and long-term successful management of your investment.
Having clear guidance and expertise around insurance is important for the overall ownership of a property. Insurance experts can help ensure the right cover is in place, and specify any specific terms within the policy. While there is always the hope that claims on insurance are not needed, by having a trusted professional able to support you if needed, the process will ultimately be a lot less stressful.
Again, in the hope it won’t be needed, having the right legal representatives in your professional team is important. Seek those that have expertise in property and can provide timely and accurate advice if needed.
Your property manager has a network of trusted and reliable tradespeople to call on if needed, however you may have your own preferred trades. Those with proven experience, clear communication and quality workmanship are valuable within your network.
Lastly, to ensure your specific circumstances are considered and supported, engaging with wealth/finance professionals, and ensuring your accountant is someone who specialises in property, will be invaluable for the longevity of your investment.
The value of a good team of professionals can be measured in a number of ways, but ultimately, both individually and collectively, they will not only look out for the property, but the wellbeing of the investment as a whole, including you, the landlord.