There is a good reason that a Colebee Property Management company has a direct bearing on your cash flow.  The investment property you own is only making money when it is rented out.  Sitting unoccupied, it not only is not making money, it also becomes a money drain to your other resources.  Some utilities have to remain on and landscaping must be kept up, for example.  Merely putting up a “For Lease” sign on the property will seldom cause a path to be beaten to your door.  For a round figure example of how an unoccupied property loses money, let’s say that you have a property you rent out for $1,000 per month.  Then let’s say that the most recent tenants have moved out and, after two months, the property sits vacant.  That’s $2.000 lost income or, in other words, the property for that fiscal year only brings in $833 per month.

Lease Enforcement Property Management

If you live in the same city as your investment property, you might be available to answer inquiries about the property or be able to take off to show the building.  It which case it is also a drain on your time, and everyone agrees that time is money.  You can imagine how difficult it is to rent out property when you live in another city, or even another state or country.  Enter the Colebee Property Management company.

Good advertising means having maximum exposure as well as a reputation for helping people find the right property to rent whether residential or commercial.  Whereas you, as an individual, may have a small classified ad in a local paper or a blurb on a local radio station, the Colebee Property Management company will have advertising from display ads, to television commercials, smart website spaces, and even the old fashioned yellow page entry.  The Colebee Property Management company will be a member of the local Chamber of Commerce and very visible within the community.  For obvious reasons it is to the company’s advantage to get your property leased as quickly as possible and to keep it occupied for as long as possible.

 

Because it is their sole business, your Colebee Property Management company will be available to show your residence or commercial property at the convenience of the prospective lessee.   Even before the rental agreement is signed, the prospective tenant has a feeling that she or he will be well looked after by your Colebee Property Management company.  You simply cannot put a price tag on that kind of good will.

In many cases, the Colebee Property Management company will be able to negotiate better rental rates for your property if for no other reason than the added value of having the company in the first place.  The lessee understands from the get-go that there is someone local who can respond to any emergency or problem that may arise.  The Colebee Property Management company is therefore not only looking to lease your property, but also to keep the tenants happy so that you retain them for as long as possible.   In other words, tenant retention is also a large part of the service provided by your Colebee Property Management company.

If you’re looking at buying investment property or suddenly find yourself with a home to rent, give Hilton Parkes Real Estate a call at 02 9832 3211. They are a professional Colebee Property Management company and can offer a free profitability analysis on any property you’re thinking about renting or purchasing.