Property management services soar in popularity
Category Advice
Security, attractive amenities, and fuss-free living have buyers and renters flocking to sectional title properties. According to Lightstone's top stats for 2019, sectional title sales of properties aged 30 to 39 years outperformed other age bands of properties in average property growth per year at 4.7%. This year Lightstone further predicts sectional scheme growth will outperform the freehold property sector with positive house price growth.
The rise in sectional title properties has created a demand for experienced and qualified portfolio managers. Whether you're a landlord, trustee, or director, you'll benefit from having these real estate professionals in your corner.
No need to be close to your property
When searching for a good investment, you might find it further than expected. It may be outside your city - maybe even the province. The good news? It's not a problem with a property management company's assistance. With their services, they can care for your property, your tenants, and keep an eye on things for you.
Maximise your profits
By signing up with a reputable property management company, you can make more money off your investment. For example, they'll help you set the correct rental rate. A good property management company will weigh factors like the location, amenities, and evaluate similar section title schemes so you don't undercharge or overcharge your tenants. They'll also ensure rent payments are collected effectively and property vacancies are filled.
Save time and effort
If you own more than one sectional title scheme, managing it by yourself can be overwhelming. Simplifying property ownership is just one of the reasons property management companies have become so popular. They run the day-to-day operations of your sectional title scheme. They find new tenants, screen tenants, deal with tenant queries and complaints, collect rent, assist with repairs, attend trustee meetings, and so much more.
Provide much-needed expertise
Because property management services offer peace of mind, they've become desirable for sectional title scheme owners. You know that property law can be challenging to understand. Your property management company will be well versed to deal with building code regulations, provide proper tenant notices, and evict tenants. They also have the skills to market your sectional title scheme so you always have the best vacancy rate.
Get results with the right tech and tools
Over the years, property management services have become all the more sophisticated. There's a certain standard potential clients and tenants expect. Property management companies invest in technology that can make finding a rental property and managing tenants as pain-free as possible. Do you have the pockets and time to learn how to use these systems? If not, it's best to leave it to the pros.
Keep tenants happy at all times
If you're not a people person, property management services are just what you need. Attending to tenants can be challenging. Good property management companies have the professionalism and drive to create positive relationships with tenants. By attending to that burst geyser or noise complaint on time they can make your sectional title scheme a desirable place to live in.
Access an extensive vendor network
Your sectional title scheme will need constant attention. From gardening maintenance and landscaping, security, painting, plumbing to electrical services, there's a lot that goes into keeping your property in tip-top shape. This is why you should turn to the service of property management companies. It's likely they've built connections with leading providers in these fields and can get their best work at the lowest price.
As a property management company built on respect, honesty, diligence, integrity and innovation, we can make your sectional title scheme a success. Speak to De Lucia Group today or call Michael De Lucia directly on 082 493 1089.
Author: De Lucia Group
