Having a property manager means you can have more of an ‘arm's length relationship’ and creates a buffer zone which helps to minimise issues that can arise between landlords and tenants.
Here are three reasons why having a distant relationship with tenants, through a property manager, is a positive move.
An investment property needs to be regularly maintained and serviced so it continues to perform.
As an investor it is important to budget and plan to update your property every four to seven years. The timeframe you choose will depend on the weather conditions which affect your investment.