Create or enhance the outdoor living space.

1 CONDUCTING A PROPERTY INVESTMENT PERFORMANCE REVIEW 3 HOW A HIGH PERFORMING PROPERTY MANAGER CAN ADD VALUE Property Managers today are highly skilled professionals that play an integral role in the success of a property investment. A high performing Property Manager will help their clients across a number of key areas including -

SETTING THE RIGHT RENT Property Managers are skilled at assessing individual properties, its features, location and reviewing comparable rental properties to determine a market competitive rent. They are also aware of what local renters want and importantly what they are prepared to pay more for. Having these insights is invaluable for an investor. To find out more about adding value to your investment, download our property investor guide1 including a chapter on 12 ways to add value to your investment2 .

SKILLED AT REACHING THE GREATEST NUMBER OF POTENTIAL TENANTS Property Managers know the local market and they know how best to position and advertise a property to drive maximum interest. The more people who want to rent your property the better as it gives you greater opportunity to find the ideal tenant. Plus, they undoubtedly have a database of potential renters looking for a place just like yours to call home, so you may be able to rent your property faster.

SKILLED AT SCREENING TENANTS TO FIND THE RIGHT ONE Property Managers are skilled at screening tenants, those who will stay for the long term and cause few, if any problems.

RETAINING GOOD TENANTS BY ADDRESSING ISSUES Nothing will zap your profits faster than vacancies, so having someone managing tenant concerns and addressing maintenance issues on your behalf in a timely manner, can help ensure tenants are happy and vacancies are limited.

1 www.mcgrath.com.au/advice/guides/ how-to-maximise-your-propertyinvestment

2 www.mcgrath.com.au/advice/articles/12ways-to-add-value-to-your-investmentproperty