The whole point of having an investment property is to gain a competitive and reliable rental return. In high-value areas such as Bondi Junction and surrounding Sydney suburbs, the investment – and therefore the stakes – can be even higher. As such, there are some very good reasons to consider local professional property management. Here’s why it can pay to have a pro managing your property.
Quality, long-term tenants
The quality of your rental return can be directly related to the quality of your tenant. This is why it’s important to both attract the right potential tenant pool, and to thoroughly screen potential tenants to ensure they’ll pay rent reliably and look after the property. Here at Wills Property we use carefully targeted marketing campaigns to attract ideal tenants, then carry out in-depth reference checks via the National Tenancy Database plus employment, personal, and prior landlord references so you can rest assured.
A system for reliable rental payments
With the right system in place, tenants have both the infrastructure and the motivation to make their rent payments consistently. For example, we have a ‘zero tolerance’ direct debit collection process which gives us complete control over the rent payment process. We also initiate rental reviews to ensure rental properties in Bondi and Sydney are generating the best possible return for their owners in the current market.
An optimal tenant experience
Happy tenants mean long-term tenants, and a better experience for everyone involved. We place great importance in showing respect to tenants and communicating clearly with them, and this shows in the results we gain over time. Over 80% of our tenants stay with us longer than their initial term, which means stable cash flow for owners.
A clear understanding of landlord rights and responsibilities
There’s quite a list of landlord responsibilities and rights, and it does take time to stay across the latest NSW legislation. We stay updated on this as a matter of course, so you don’t need to spend your weekends reading up on the details. Owners and tenants both benefit because we can answer any questions you might have, and any potential disputes can be addressed with clarity.
Professional and fair property inspections
Many owners choose to use a property manager because it provides a professional, objective link between tenant and owner. We carry out comprehensive property inspections and provide detailed reports with photos, so you can have peace of mind your property is being cared for. Tenants also feel at ease knowing their property inspection is being carried out with clear communication and full documentation.
More time and freedom for you
Put simply, using a property manager frees up your time and energy. You won’t need to be woken up by tenants if there’s a plumbing problem in the middle of the night. You won’t need to spend hours researching your obligations, advertising your property or checking references for potential tenants. Our Bondi real estate agents can even help you find your next investment property when the time comes to expanding your property portfolio.
The whole point of having an investment property is to gain a competitive and reliable rental return. In high-value areas such as Bondi Junction and surrounding Sydney suburbs, the investment – and therefore the stakes – can be even higher. As such, there are some very good reasons to consider local professional property management. Here’s why it can pay to have a pro managing your property.
Quality, long-term tenants
The quality of your rental return can be directly related to the quality of your tenant. This is why it’s important to both attract the right potential tenant pool, and to thoroughly screen potential tenants to ensure they’ll pay rent reliably and look after the property. Here at Wills Property we use carefully targeted marketing campaigns to attract ideal tenants, then carry out in-depth reference checks via the National Tenancy Database plus employment, personal, and prior landlord references so you can rest assured.
A system for reliable rental payments
With the right system in place, tenants have both the infrastructure and the motivation to make their rent payments consistently. For example, we have a ‘zero tolerance’ direct debit collection process which gives us complete control over the rent payment process. We also initiate rental reviews to ensure rental properties in Bondi and Sydney are generating the best possible return for their owners in the current market.
An optimal tenant experience
Happy tenants mean long-term tenants, and a better experience for everyone involved. We place great importance in showing respect to tenants and communicating clearly with them, and this shows in the results we gain over time. Over 80% of our tenants stay with us longer than their initial term, which means stable cash flow for owners.
A clear understanding of landlord rights and responsibilities
There’s quite a list of landlord responsibilities and rights, and it does take time to stay across the latest NSW legislation. We stay updated on this as a matter of course, so you don’t need to spend your weekends reading up on the details. Owners and tenants both benefit because we can answer any questions you might have, and any potential disputes can be addressed with clarity.
Professional and fair property inspections
Many owners choose to use a property manager because it provides a professional, objective link between tenant and owner. We carry out comprehensive property inspections and provide detailed reports with photos, so you can have peace of mind your property is being cared for. Tenants also feel at ease knowing their property inspection is being carried out with clear communication and full documentation.
More time and freedom for you
Put simply, using a property manager frees up your time and energy. You won’t need to be woken up by tenants if there’s a plumbing problem in the middle of the night. You won’t need to spend hours researching your obligations, advertising your property or checking references for potential tenants. Our Bondi real estate agents can even help you find your next investment property when the time comes to expanding your property portfolio.
Wills Property is an experienced team of property managers and real estate agents in Sydney, so we have a clear idea of the local market. To discuss property management in Bondi Junction, Rosebery, Bellevue Hill, Double Bay, Randwick or for your property elsewhere in Sydney’s eastern suburbs, get in touch today.