Self-Managing vs Using a Property Manager in Mildura

If you own an investment property, you may have considered managing the tenancy yourself.

For some landlords, self-management can be an option. Others prefer having a professional property manager oversee the day-to-day requirements of their investment.

So, what's the difference?

Finding and screening tenants

Self-managing means you're responsible for advertising the property, responding to enquiries, conducting inspections, processing applications and undertaking appropriate checks.

Working with a Property Manager in Mildura means much of this process can be managed on your behalf.

Ongoing communication

Once a tenant moves in, there will inevitably be communication throughout the tenancy.

This could involve maintenance, inspections, documentation, questions and changes in circumstances.

Property management provides a central point of contact between the rental provider and renter.

Maintenance

When something goes wrong at a property, it may require prompt attention.

Self-managing landlords need to organise and communicate directly with renters and tradespeople.

A property manager can coordinate the process according to the owner's instructions and applicable requirements.

Understanding your responsibilities

Rental property management operates within Victorian residential tenancy legislation and regulations, which can change over time.

Whether you self-manage or appoint an agent, understanding your obligations as a rental provider is important.

Which option suits you?

There isn't one answer for every property owner.

Consider how much time you have available, your familiarity with property management requirements, your comfort dealing with difficult situations and how involved you want to be in the day-to-day management of the property.

Property management with Ridley Real Estate

If you're looking for a rental real estate agent in Mildura, Ridley Real Estate can discuss your property, your current management arrangements and what you're looking for from a property manager.

Own an investment property in Sunraysia? Talk to Ridley Real Estate about our property management service.