These are only a few ways in which working with professional property management services can add value to your interests.
PUBLISHED 17 APR 2019
Can Your Real Estate Portfolio Really Benefit from Working with Professional Property Management Services?
What are the tangible benefits of working with professional property management services? While there are many property owners and landlords who prefer managing their own properties, for many others, working with professional property managers isn’t an option, but a necessity. Investors who don’t have the time, inclination, or expertise to manage their own properties, or who are prevented from doing so because of geographical limitations depend on professional property managers to help ensure that their real estate portfolios perform well.
You also don’t need to think too hard to come up with a list of ways that professional property management services can benefit your portfolio. To start with, they eliminate one of the biggest risks and headaches that property investors need to deal with – sourcing quality tenants. This is one area that property management services specialise in. These professionals have an extensive network that they can tap into source quality tenants for your building, whether it’s a residential property or a commercial piece of real estate.
Many property owners have made the mistake of underestimating the importance of thoroughly vetting prospective tenants. Do you really want to leave who you place in your property to chance? Skilled property managers are experienced in vetting prospective tenants, and know which warnings to be on the lookout for. The goal is to get a long-term, quality tenant that pays rent on time, and who will look after your property throughout the tenancy period. Leave this to the professionals.
Professional Property Management Services Also Deliver Fewer Legal Worries
Are you familiar with the laws and legislations applied to the rental sector in South Africa? Many property owners find it tedious to stay up to date with the ever-evolving and changing laws of the land. That’s only normal, given that property management isn’t necessarily part of their day jobs. However, expert property management professionals make a point of staying updated with all relevant changes.
This means that rental agreements and leases are also updated to reflect the latest legal requirements. You know your rights are protected and that you are on the right side of the law, without taking on the responsibility of staying updated on the latest changes.
Less and Lower Vacancy Rates
One way of instantly turning your real estate asset into a liability is to have it stand empty for a long amount of time. Property management professionals know how to get a property rented, and rented for a long time. After all, the aim is to have long-term tenancies with quality tenants, and this is the ideal the property manager will strive for.
Another way in which these services add value to your portfolio is to actually be present and manage the entire tenant relationship. This is especially valuable if you aren’t geographically close to your properties. You have someone who is ready and present to pursue your interests, and to make the management of your property their priority.
These are only a few ways in which working with professional property management services can add value to your interests. We have been helping landlords ensure that their properties perform optimally for many decades, and continue working hard to add value to both our landlord and tenant clients. Let us do the same for you. Our team is ready to help you optimise the performance of your property portfolio, and get the best returns on your investment. To learn more about our services, solutions, and what we can do for you, contact us today. We look forward to helping you attract top-quality tenants for your commercial or residential properties in Pretoria.