The Advantages and Disadvantages of Using a Property Manager to Rent Out Your Property

December 14, 2021

If you are an experienced landlord who owns and looks after properties, then you know all about how challenging adequate property management can be.

Taking care of maintenance, finding and vetting new tenants and then making sure those tenants are happy can be a lot of work.

But, when you’re tired of taking care of all of these details on your own, a good property manager can really be a lifesaver. 

By hiring and working with a helpful property manager, you can find yourself with a lot more free time and a lot less frustrating stress. This can be especially true if you manage multiple properties or if you are simply tired of keeping track of everything all by yourself. 

So, what exactly can property managers do for you, and are there any advantages and disadvantages that you should know about?

What Can A Property Manager Do For Me?

Property managers do what their title implies – they help you with everything to do with property management. This can include everything from taking care of minor maintenance tasks to finding and vetting potential new tenants. 

Managing and taking care of properties where tenants live can be a lot more work than most people think, so having someone to take the workload off your shoulders can be a huge help.

A good property managing company will be able to help you with factors like rent pricing, rent collecting, tenant screening, general maintenance, advertising and more.

The Advantages And Disadvantages Of Hiring A Property Manager

Clearly, a great property manager can be a huge help. Although, like any other professional service, hiring someone for property management has both advantages and disadvantages.

The Advantages Of Property Managers

You Will Work With Someone Who Has Experience. By choosing to work with a professional, you are choosing to work with someone who has all the correct knowledge. When you hire experienced property managers, like our team at Harper Properties, you can rest easy knowing that your properties are in the hands of people who know exactly what they are doing.

With our help, your properties will be well taken care of. Furthermore, if any issues arise, we will know exactly how to remedy them. 

Your Properties Will Have Less Tenant Turnover. Whenever your properties are empty, you are losing money. A vacant property means that it isn’t generating any revenue for you, yet it still needs to be maintained.

However, with the help of an intelligent property management company, you will experience much less tenant turnover.

This is because property managers know how to advertise your spaces to draw the attention of new tenants, examine new tenants to only find the best ones and then keep your tenants happy once they have moved in.

You Will Have A Lot More Time For Yourself. One of the best advantages of hiring a property manager is that you will be able to enjoy a lot more free time. Instead of stressing over little things, you can trust your manager.

This can do wonders for your mental health and stress levels and give you more time to focus on other things that are special to you.

The Disadvantages Of Property Managers

They Will Cost Money. Naturally, you will need to pay your selected property management company.

Even though their services are very helpful, some people may be deterred by their payment. However, it would be best to keep in mind that property managers can save you money by keeping tenants happy and having properties stay vacant for shorter amounts of time. 

At Harper Properties, we tend to get our clients better rent returns because we know the market rent due to the volume of rentals we manage. So, often our fees are covered by the increase we are likely to get.

You Might Not Be As Involved. Some landlords prefer to be more involved in their properties, taking care of tenants and maintenance themselves.

However, if you are the kind of property owner who wants to make every little decision, you might have issues with a property manager taking care of things for you.

Although, while this disadvantage is true for many property management companies, here at Harper Properties we encourage our clients to be as involved as they like. So, if you are a landlord who prefers to be hands-on, we will help you by working as an adviser. 

No matter what your style of managing is, we will assist you as best as we can to help you get the most out of your property.

Where Can I Find Reliable Property Managers In New Zealand?

Are you looking for experienced and friendly property managers to help you out? Here at Harper Properties, we are proud to help New Zealand landowners take care of their properties.

Our team understands that your property is very important to you, and we are confident that you will be satisfied with our services. 

If you would like to speak to our friendly team about what we can do for your properties, please feel free to get in touch with us through our website or by giving us a call at 09 361 2810. We are one of Auckland’s leading independent property management companies, and we’d be thrilled to help you out!

Take care of your properties properly with help from Harper Properties.