What is the best way to manage an interstate investment property?

What is the best way to manage an interstate investment property?

Managing a rental property is rarely easy, especially at the beginning. And it becomes even more challenging if you live interstate as it’s not always possible to be physically present to solve problems or meet prospective tenants.

In this post, we’ll discuss why working with an experienced property manager is the best way to manage a property from anywhere in the world, and how digital technology can put your mind at ease.

What is an experienced property manager?

The best way to manage your property from out of state is with an experienced property manager who can be your eyes and ears on-site. Save yourself time, money, and plenty of headaches by working with a manager who has local market knowledge, excellent communication skills, and a great relationship with reliable and trustworthy tradespeople.

An experienced property manager knows how to promote and market your property to find honest, reliable, and respectable tenants. They also have a great existing relationship with reliable tradespeople, whom they can depend on for any maintenance or emergency repairs.

Why is an experienced property manager important for you?

Why put yourself through the trouble of multiple trips interstate when you need to find new tenants or deal with maintenance issues?

Firstly, this will affect cash flow in several ways – the cost of those interstate trips, as well as the potential loss of income during downtime when looking for new tenants.?Don’t waste your money. Invest in a property manager who is readily available on-site and can handle any problem which comes their way.

Secondly, you’ll never get back the time spent managing your rental property. Advertising your property, finding and processing tenants, researching reliable tradespeople, staying on top of the admin requirements, as well as traveling back and forth throughout the year. This all adds up, and you’ve likely got a long list of more important priorities. Work with a property manager who knows how to utilise the latest technology, to make you feel like you are local even when you are not.

At ARG Property Management we’ve helped our clients overcome these issues and feel a sense of great control with an online client portal, which lets you communicate with our property managers day or night. ARG property managers also provide you with virtual, narrated walkthroughs of your property and help you manage your record-keeping, so you can put your mind at ease.

# Tips and reminders for finding a property manager

It may feel overwhelming to hand over control of your rental property to another person, especially if you are living out of state and unable to physically check in on the property on a regular basis. But there are a few key points you can focus on when searching for the right property manager to provide you with peace of mind.

1. Look for a property manager who can provide you with regular updates using the latest digital technology. For example, ARG Property Management gives you access to virtual walkthroughs and inspections so you can see the property with your own eyes.
2. Learn the property manager’s processes for finding new tenants and dealing with maintenance issues. A property manager like ARG will start the tenancy process at the earliest possible moment to greatly reduce downtime, while maintenance issues are solved swiftly and efficiently with regular communication.
3. Find someone you trust to be your eyes and ears. Invest time and money to find an amazing property manager who will take care of your property with 100% transparency.