Why should you choose Maxprop to manage your investment portfolio?
Category Real Estate Tips & Tricks
Self managing an investment property portfolio can be a rewarding experience, if you have the time and skills to do it yourself. If you do not, hiring a property manager is the smart choice. Here's why:
- Better Quality Tenants
A good property management team comes with years of experience when it comes to vetting tenants. They can handle background checks and spot any red flag with an applicant. They may even come with a pool of pre-approved tenants, meaning you will not have to worry about your property standing empty while new tenants are being found.
- Property Managers Know the Law
South African laws surrounding landlords and tenants are specifically written to be fair to both tenant and landlord, but overstepping these can lead to massive troubles. One of the biggest advantages to hiring a property manager is that knowing the law is part of the job, saving you from any messy legal dramas.
- They Save Time and Money
Keeping track of payments, administration and maintenance can be a full time job. Choosing a property management team means freeing up hours of your time so you can reap all of the rewards with none of the stress. A good property manager has experience dealing with tenants, complaints and concerns and can act as an impartial buffer between tenant and landlord. Property managers also have lists of vendors, suppliers and tradespeople, so when it's time to do maintenance, upgrades or repairs on your property, they know exactly who to call.
- Buy Property All Over the Country
Managing properties that are in the same area as you is time consuming enough, but doing so with a property that is far from where you live just adds to your time and stress, unless you choose to use a property management team. This way you can diversify your portfolio to include a wide range of properties from all over the country without having to worry about how you're going to administer them.
Now that you know why to use a property manager, the real question is why should you choose Maxprop?
Maxprop brings six decades of success to the table, as well as accreditation with the Property Practitioners Regulatory Authority, the National Association of Managing Agents and the Council for Debt Collectors, to name but a few. This real estate powerhouse dedicates an entire team to your property including a Property Manager, a Leasing Administrator, a Credit Controller, a Maintenance Manager, an Administrator and Secretary, as well as having a full accounting department at their disposal. Apart from that, you will have access to their online property portals, which offers real-time reporting of management information. Maxprop aim to be more than a property management company, but rather your partner for a successful property solution.
Author: Maxprop