The Dangers of Not Having an Agent

Property Management & Leasing | January 07, 2014

Finding the best property to purchase in any market can be a daunting task. After all, you want to invest your hard-earned money in the best property possible, within budget and on your terms. Not all real estate is a good long-term asset, and it pays to seek the advice of a local buyer’s agent and advocate to assist you in buying the right property and if needed, have a specialist property manager look after your investment going forward. However, in these economic times, many people are choosing to ‘self-manage’ their property, but this can cost more in the long run.

It’s more expensive without an agent

A good buyer’s agent and advocate can save you both time and money. Time saved – will allow you to focus on your own career and family, and money saved, through knowing the market values of properties throughout Brisbane. Value is also obtained by buying the ‘right property’. A buyer’s agent and advocate can make you aware of future maintenance expenses that can’t always be readily foreseen, which will save you money over the years to come. Searching the market for the right property also takes a lot of time and effort, without the assurance of choosing the best possibly property that suits your requirement, budget and long term goals. A good buyer’s agent and advocate can further stretch your dollar for a decent price on a property.

Once the property is purchased, you need to manage tenants, maintain the building and complete a number of regular errands. A property manager can handle this on your behalf, as well as having good relationships with tradespersons if there are repairs or maintenance needed.

How a property management can help

Property managers are experts for a reason. They have the knowledge and experience of property matters and legislation, as well as excellent contacts, to give you leverage and expert advice. Without professional support you rare at risk of potentially (though we hope it never happens), legal claims brought about by disgruntled tenants. It’s also best to seek expert knowledge and advice on maximising your investment activities. Review your budget and personal priorities before looking for a buyer’s agent and property manager, so your and their time is maximised.

Improving your investment

Many of us don’t have time to ensure an investment property is well looked after and tenants are managed appropriately. A property manager can handle all the nitty gritty details, so you can sit back and let your investment mature in value over time.

Looking for reliable property managers and buyer’s agent and advocates in Brisbane? Talk to Templeton Property. They can help you with every step of the process, from purchasing, to property management, ensuring the very best return on investment possible.