Owning an investment rental property in Wollongong means that you have certain responsibilities to meet – there are rates to pay, tenants to find, and maintenance issues to deal with.

For those that maintain an extremely busy lifestyle and currently own one or more Wollongong rentals, you may want to consider using the services of a seasoned property manager.

Here are five reasons why you should use property management services:

1. Renting the property

The day when a property is listed for rent, is the day that the ball starts rolling. A property manager will help you to rent your property by setting up scheduled viewing times with prospective tenants – taking the hassle out of doing it yourself.

Property management firms can also have a database of waiting prospective tenants keen to find a home to rent – which will help to rent your property faster and cut down vacant weeks.

2. Tenant selection

Finding a tenant doesn't just mean sitting down with someone and signing a tenancy agreement. It means character, reference and credit checks to ensure that the person living in your valuable investment is trustworthy, will take care of it and pay their rent on time. It also means handling finance such as bond and initial rent payments.

3. Maintenance

Having the services of a property manager means minimal disturbance to you – no calls to your home in the evening from a frantic tenant saying that their hot water cylinder has burst. Instead, our property managers will deal with the issue direct from the tenant and keep you informed of any maintenance that needs to be taken care of.

We can arrange any specialised services for your property, such as plumbing and electrical, on your behalf – we just need your approval first!

4. Inspections

Conducting property inspections is something that should always be done regularly. This way you can identify any maintenance issues and also see if your current tenant is taking care of the property. A property manager can organise inspections with the tenant in advance and perform the inspection with great detail on your behalf.

5. Court

If any problems arise from your tenant, then you can have peace of mind knowing that a professional well-seasoned in residential tenancy law is there to represent you in the Tenancy Tribunal.