Why You Should Use a Real Estate Agent As a Property Manager for your Rental Property

Renting an investment property out to tenants is a big decision to make. There are many legal responsibilities you will have as a landlord.

Many homeowners will choose to use the help of a real estate agent to act as a Property Manager for their rental property. There is a lot of sense to this. It takes a lot of the property management off your hands and makes the process easier in general.

Yes, there is a cost to the service by way of fees that must be paid to the real estate agent if you choose this option. However, for many landlords, it’s the best and least hassle free option.

What Will A Real Estate Agent Do?

A real estate agent will essentially act as the property manager. Leaving you with a lot of time back and less to worry about. Essentially, in these cases, the agent acts as an intermediary. They will collect rent payments, carry out inspections, arrange mediations in the case of disputes, and even arrange collection for late payments.

They do a lot to take managing the property off your hands, so you are not involved in the day to day.

You can get your real estate agent to manage almost everything with your rental property. If you don’t want to be involved with selecting tenants then they can do the screening of suitable tenants for you. You’ll still have the final say about who lives in your property, but what it will do is make it a lot easier for you knowing they’ve already been screened.

One of the most important responsibilities of a landlord is carrying out maintenance and repairs when they arise. Many landlords find organising this a major hassle and may not even have time to do so. A real estate agent can also do this for you and they generally have their own sources for maintenance and repairs. In most cases it is far more cost effective than you trying to get quotes for the same job.

They Can Take Care of Paperwork, Contracts, and Agreements

There is a lot of paperwork and organisation involved for both tenants and landlords such as rules and regulations, contracts, lease agreements, and more. This can be overwhelming and very time-consuming for many landlords. Using a licensed real estate agent as a property manager makes this side of the rental process so much simpler and stress-free.

Managing a rental property is a lot of work, much more work than most landlords realise at first glance. However, a licensed real estate agent can help you with this process and make it much easier.

If you would like to manage your rental property then you certainly can and there’s nothing stopping you. However, if you are like many landlords you may not want to be so involved with the entire process. This is where the team at Hicks Real Estate can help you.

With our property management services, you’ll barely have to worry about anything at all during the entire rental process. Give us a call today on 07 3355 6845 today to find out more.