First time property investors often ask us how to manage their rental properties. Here at DPG we’ve got 25 years experience in managing properties and know the ins and outs quite well. This article is designed to make you aware of some of the pitfalls of being a property manager and why seeking a professional property management service will give you good return on your investment.
Finding a good tenant
You’ll come across problems like tenants not paying their rent for months, going to the courts is not a fun process.
Luckily we have access to a database of tenants and can perform reference checks to ensure you’re getting the best tenant possible.
Complex Legal Implications
Being an investment property owner, you need to be aware of certain rights that tenants have. For example, you’ll need to give them a minimum of 7 days notice to inspect the property with a 14 day preference. There are also requirements for how you deliver that notice.
Dealing with Subletting
It’s not unusual to hear of tenants that break their lease agreement by sub-letting the apartments to friends. We have even heard of one tenant letting their rented home out on Air BnB.
Choosing the right balance between a tough and considered approach to tenants only comes from years of experience in the industry.