Bad tenants targeting private landlords
January 20th, 2017 by Geoff Baldwin
Bad tenants targeting private landlords.
The main motivation for investment property owners to manage their own properties is to save money however all too often this perceived saving quickly becomes a huge cost accompanied by nightmares that don’t go away quickly.
Because they know that private landlords cannot do not have access to the national tenant check database and lack the authority of professional property managers, the worse tenants target properties advertised in community papers and free sites like Gumtree. Our PMs are regularly being asked to take over privately managed rentals, to seek unpaid rent and to oversee remedial work on badly damaged properties.
Considering the massive risks and the time required when self-managing, the tax deductible investment in employing a professional property manager is a small price to pay for peace of mind.
Geoff Baldwin – MD RE/MAX WA