Why Do I Need A Real Estate Agent If I Can Manage The Property Myself ??
Many landlords have chosen to rent the premises themselves to save money, however they come out the other end disappointed and disillusioned with renting and in a worse financial position than they would have been with an agent. New research shows Landlords who use the services of a Property Manager are 15% more likely to earn a positive rental return compared to those who self-manage.
Management of an investment property is an area that will quickly devour those who step into it unprepared and inexperienced. The laws associated with renting, the forms and procedures which must be completed and served when a home is rented, and lack of experience on how to find the right tenant
Bad tenants will go to a private landlords
The bad tenants will often go to a private landlord and avoid agents because they know the tenant selection process will be a lot less vigorous, and they will be accepted on face value. Tenants will often take advantage of private landlords who fall victim to their emotional pleas and often do not take action on rental arrears until several weeks or even months have passed, bring the inexperienced unstuck very quickly.
landlords penalised by the law meant to protect them!
Many Landlords to do not conduct property inspections which can lead to major problems with the condition of the property at tenancy termination. Without the knowledge of how to serve the correct forms, and the experience to overcome problems, the landlord can be penalised by the system meant to protect them!
At Elders Real Estate Toongabbie our Property Investment Managers have the experience and training to overcome problems, sometimes they can predict them before they occur, they also have the skill to prevent them. An agent does not become emotionally involved with the tenant, your investment property is a business and should be run as one. Fees are fully tax deductible so it make good sense to employ Elders Real Estate Toongabbie to manage your investment.
Questions to ask yourself first before becoming a DIY landlord or self managing landlord — See more at: http://realestatesevenhillsnews.com.au/2013/01/why-do-i-need-a-real-estate-agent-if-i-can-manage-the-property-myself/ — An infographic by the team at Elders — DIY landlord or self managing landlord rental department
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About Jhai Mitchell
Jhai is an award winning Internet Marketing Real Estate Agent for Elders Toongabbie and Kings Langley. After running his own internet marketing business he has now set his own sites for the real estate industry. He observed that 90% of real estate agents did not know how to market themselves online. Jhai is now fixed on one goal. To teach real estate agents that they can market online so much better than they currently are.
Since then he has been consistently quoted in the Sydney Morning Herald and Real Estate Business online. He is a regular guest blogger on TheHomePage.com.au, sharing his expertise of marketing aspects for the Real Estate Industry. His biggest passions are his wife, martial arts, dogs and most of all property.