MANAGING
Property Managers
Should you delegate?
S
hou ld you ma na ge you r prop er t y or
properties yourself or employ a property
management company to do it for you? The
decision rests largely on your circumstances and
your experience, as well as the size and number of
properties you are letting. If for example you own
a number of properties in one area, such as flats in a
block of flats or properties in a sectional title or gated
community, logistically you may need to employ a
management company to deal with financial or legal
aspects or the tenants themselves.
A good management company can provide you
with the necessary support and full range of services
to run your properties at their full capacity. As the
owner of more than one property you may not want
to be bogged down with all the little details.
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Residential Handbook 2013
Alternatively you may decide to delegate all aspects
of your enterprise to a management company, but
what will they offer you?
The management agent will act as the lynchpin
between the owner of the property and the tenants
who are renting it and are often responsible for:
· advertising your property to potential tenants.
· sourcing suitable and reliable tenants for the
property;
· accompanying potential tenants to view the
property;
· obtaining references and conducting credit checks
on potential tenants;
· providing you with information on the latest safety
regulations;
· preparing the tenancy agreement;
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