Why Hire Property Manager to Manage Your Rental Property
                     Why Hire  Property 
Manager  to Manage 
Your  Rental Property?
Having a rental property is an achievement but what comes after that may send you in a  tizzy. This is 
because  owning an investment property in Australia may be easy but managing it on a  day-to-day basis 
can be  daunting. If you remain on your toes day-in, day-out, then you have all the reasons to hire a  
property manager  to manage your rental property.
A professional property manager will not only take your burden away but will also care for investment 
property.  After owning a rental property, the next important decision you would make is to have tenants. 
Once you plan  to take tenants on board, you will have to decide whether or not to use a property manager 
(real estate  agent).
Property managers are certified, licensed professionals whose duties involve taking care of the 
investment  properties, collecting rent, managing tenants, conducting timely inspections, and a lot 
more activities.
Many people do not hire property managers because either they are not aware of the role of real estate 
agents  (property managers) or they really do not want. Another important factor that may stop people 
from hiring a  property manager is that he/she can cost approximately 7-10% of the total rental income 
each week.
But what best they do for you is that they take your burden away.
What is a Property  Manager?
Let us understand it in a  more simplified way. Property managers are third-party individuals 
who  act as intermediaries between the owner and the tenants. The contract you sign with 
them will  determine the length of time you want the services of a  property manager. Till the 
time contract  is valid, the property manager will be responsible for the following:
Finding new tenants if the property is not occupied.
Assessing suitability of tenants and performing checks such as obtaining 
references.  Collecting rent from tenants.
Carrying out timely inspections and maintaining a report.
Dealing with tenants and looking after them. Answering their queries, booking tradespeople 
for  repairs.
Where Do You Find  Property 
Managers?
When you decide to have a property manager onboard, 
 first of all you will look locally. Go online, find a right real  
estate agent (investment property manager), talk to 
them  and after you get all the answers to your queries, 
hire  them.
But look for a  property manager who has sound  
knowledge of the local area. A local property manager 
will  be able to deliver better results.
You can talk to acquaintances, friends, family members 
or  even find a manager through your own independent  
research.
You can even reach out to the real estate review 
websites  or trust the word of mouth.
How Much does Property 
 Managers Cost?
As per the localagentfinder.com.au, a  property 
manager  can usually cost you between 7% and 10% 
of your weekly  rental income.
For a  lot of people, the amount is too much and the 
fee  really adds up over the course of time.
On the other hand, if we look into the relief and 
relaxation  that the property managers provide is 
undoubtedly  incomparable. The services that property 
managers  provide are quite significant. Their services 
require a  high  level of commitment and time. This is 
something a lot of  property owners do not have 
probably because their  focus lies on their day to day 
lives.
Pros of Hiring Property  
Managers
As per the Real Estate Institute of Australia (REIA), 
property  self-management is not uncommon.
Despite 54.3% of occupied rented properties in 
Australia  being managed by real estate agents, 22.7% 
are  managed by the landlords.
REIA’s research officer Evgeniya Hawthorne said, “Even  
though investors who choose to self-manage their  
properties avoid paying management fees, the amount 
of  work involved in the process should not be  
underestimated.
Managing a property by self also involves a cost. 
Investors  have to keep themselves up to date with 
legislation and  regulations. This is something a 
professional property  manager does daily or say under 
their professional career  development.
Is it Worth Hiring a Property Manager?
The services that a  good property manager provides are worth more than the fee they charge. Why?  
Because renting a property requires a lot of work. It needs commitment which is not everyone’s cup of 
tea.  A good property manager will handle everything about your property. Downsides, issues are also 
taken care  of by the managers. They make your life potentially much easier.
All you need is someone who will work hard enough to safeguard your valuable asset. To know who will  
prove to be the best. It is suggested to compare investment property managers, check their 
qualification,  experiences and then take the final call.
When you have a real estate agent who specializes in property management, you get a  buffer between 
you  and your tenant. If there are issues with late payments or damaged property, the property 
manager deals  with it so that you do not have to face any unpleasant situation.
The property managers who are licensed and experienced will know everything about the market, the 
state  laws and can even advice you about the right landlord rights.
  Day-to-Day Tasks
Paper work, adhering to the changing legislations, managing clients, tenants, solving problems, 
answering  queries, staying available 24/7, collecting rent and the list goes on. A property manager dons 
several hats in  a  day so it is not just about collecting rent and having a nap.
Good property managers also facilitate mediation in the event of late payments, organize 
emergency  repairs, maintain and even handle the payment of bills.
So, in the nutshell a  property manager helps in providing a complete management service which helps 
you  in avoiding time and money wastage.
So, if you think you can handle everything described above with utmost efficiency, then you must go 
ahead  with taking care of your property but if you think any of the aforesaid things will be challenging, 
then hire a   property manager.
Investment property managers are the specialists at multi-tasking, highly qualified in their field to 
perform  all of the above duties.
So, when you employ a property manager, you can expect a  good communication, negotiation, and 
conflict  resolution, if any.
A Property Manager  
Works in Your Interest
Property managers at Freedom realtors treat your  
property as their own. They work in your interest and 
goes  above and beyond to get you high returns on 
investment  property.
Once you hire a  property manager to take care of 
your  asset, they work in the best interest at heart. 
There is no  chance that you will fret over anything.
L e s s  P r e s s u r e  a n d  G rea te r   F r e e d o m
Time is money. Suppose you do not want to micromanage your home, chase down hires, 
address  emergencies, fix damages, and handle contractors.
In such a case, having a property manager by your side will be a  boon because you will have 
considerable  extra time to spend on the stuff you wish to excel in.
Also, if you manage your personal properties, you might stay quite limited to investment opportunities 
inside  a  good radius of your property.
By hiring a property manager, you may get the benefit of funding deals in any other area. So, you 
get  enough time to focus on other key areas of life.
A  Po i n t  o f  Con t a c t
Handling problems that arise with your rental is one of the least favorable components of being a 
landlord.  Telephone calls about overflowing toilets, AC devices going out in the middle of summer, and 
defective  home equipment constantly seem to return at a  terrible time.
With property management company like the Freedom Realtors in Australia, you can cut yourself loose 
from  being called 24/7.
Your property manager can easily handle all the things that you might hate. So, you can even say 
goodbye  to frantic searches for plumbers in the middle of night and so on.
So, in the end, hiring a good property manager will reduce a bunch of the strain from your shoulders, 
relieve  you with headaches that come with being a landlord.
You can sit back, sink into the sofa and gather the rent every month, just as you have planned for 
yourself.  For any queries or services related to managing your rental properties, just contact the team 
of Freedom  Realtors, Australia.
GET IN TOUCH
1 Raphael St, Hallam VIC 3803
047 637 2002
[email protected]
Content Resource:
https://freedomrealtors.com.au/why-hire-property-manager-for-yo
ur-rental-  property/