19 Oct Investors, here’s why you should consider a property manager

Property investing is exciting and fast-paced but whether you’re new to the game or a seasoned pro, managing your portfolio can be easier said than done. That’s where the services of a property manager can come in handy – designed to help you maximise your returns while minimising your stress. What’s more, at Kaytons, we have a dedicated team of property managers in Manchester so join us as we explore why you should consider a property manager.

Efficiency boost

Owning a property and letting it out comes with a whole host of responsibilities – from managing the general maintenance to finding a tenant and dealing with all sorts of enquiries and paperwork. These tasks cannot only be time-consuming but if you don’t dedicate the right time to them there’s a risk you could get them wrong. That’s where a property manager comes in – taking care of these tasks (and more!) and allowing you to focus on more critical tasks or even just enjoying your return on investment.

Market knowledge 

A dedicated property manager will stay up to date with industry news and regulations as well as new properties coming up for sale so that you don’t have to worry about a thing. They’ll also be able to advise on market conditions and rates, and suggest areas for investment. Not only can this insider knowledge make it easier for you to maximise your investments but it means you’ll also be able to ensure your property remains competitive and desirable in the current market. 

Tried-and-tested processes 

Property managers are experts when it comes to tenant screening, general maintenance and keeping legal responsibilities in check – and it’s likely they’ll have a series of processes to ensure that everything is ticked off. These processes can make it easier to find a reliable tenant as well as ensuring that any work is carried out quickly and correctly. What’s more, they’ll likely have a network of contacts – be it contractors or legal professionals – meaning you benefit from a range of expertise. 

Improved communication

Communication is key between you and your tenants, but that’s not to say it doesn’t come without its challenges. For starters, it can be really time-consuming and that’s before we mention the likes of disputes and complaints. A property manager will ensure timely responses to any communication meaning you can maintain a positive landlord-tenant relationship, which we know is essential for retaining tenants and ensuring a consistent rental income. 

Less legal and financial hassles

From collecting rents, preparing financial reports, managing eviction proceedings and dealing with lease agreements – there are lots of financial and legal responsibilities when it comes to renting out a property. With a dedicated property manager, you’ll be better able to navigate these hurdles and reduce any risks too. 

One of the biggest reasons why you should consider a property manager is to enjoy a little extra peace of mind when it comes to your investment portfolio. What’s more, at Kaytons, we have a specialist property management team that offers services tailored to every individual investor. If you have any questions or perhaps want to discuss how we could help you, please don’t hesitate to get in touch.