Property management be it done by yourself, or by a rental manager is the ongoing management of your investment property’s tenant. Without the correct procedures in place you will undoubtedly come unstuck once you are at the stage of managing multiple dwellings and subsequent tenants. Best practice to locate tenants, screen, structure the lease, vacate, manage the tribunal process (if required), and conduct inspections are an absolute must. Without this knowledge and correct processes in place there will come a time when your ‘passive’ investment becomes a whole lot more challenging.
