Sourcing tenants

This can take time and cost you money, as a private landlord you have limited access to a pool of potential tenants and limited places to find a prospective tenant.

Getting the right tenant

Although this sounds like an easy task you would be surprised how private landlords get this wrong, generally people who are looking for a private rental don’t have a great rental history and know that private landlords don’t check on their past as thorough as agents do

Knowing the relevant Laws

Insuring you follow and keep up to date with the residential tenancy and rooming act. Making sure you follow it by the book. The Act guides everything from notice you give to tenants for a rent increase, to sending out notices, to how often you can inspect the property. Therefore, property investors engage with agents because they are experts in this field. There is no leniency just because your self-managing.

Protecting yourself and the asset

There are many day-to-day problems that can arise from general maintenance and repairs to the tenant getting behind in rent payments generally we find when discussing with a private landlord they have developed a personal connection with their tenant which puts them between a rock and hard place when making decisions. Engaging with a competent agent can put all legislation and documentation in place and the agent has no emotional connection with the tenant so you as an investor can make decisions to maximize and protect your investment stress free.

Depending on your circumstances in Australia usually the property management fee is tax deductible.

Managing your own investment might save you a few dollars but is it worth it in the long run?