An owner’s guide to tenants from expert real estate agents, Point Cook, Victoria

Owning a rental property in Point Cook, Victoria is a great investment that comes with many benefits, including an almost passive income, as long as you are savvy about the real estate agents in Point Cook you partner with to manage your investment property. 

Finding a property manager for your investment property is essential for your success. Local Point Cook property managers will have the experience and knowledge to help you get the best out of your investment. They’ll choose the right tenants for you, based on their years of experience and careful vetting, and they will manage your tenants and make sure your property is maintained to the highest of standards.

All of this means that you will get the best rental return, ensuring your investment is sound, and that your income is consistent. 

• The right property manager is the key to your success
• Local knowledge is essential for finding (and keeping) tenants 
• Investment properties need regular inspections 
• Communication leads to success

The right property manager is the key to your success

Property management is a specialised skill, and while they often operate out of the same real estate agency, sharing skills and knowledge, property managers and real estate agents do different things. 

Real estate agents and property managers are essential at different stages of your journey; you’ll need real estate agents in Point Cook when you are selling or buying a home, and your property manager will support you with your investment property’s maintenance and tenants. 

It’s extremely useful to you as a property owner to use a real estate agency in Point Cook, Victoria who provides all of these services.  

Local knowledge is essential for finding (and keeping) tenants 

Local real estate expertise is essential if you own an investment property. If your investment property is located in or around Point Cook, find a property manager who knows the area. 

With extensive experience, and knowledge of the local market, local property managers in Point Cook, Victoria will be able to get you the best rental return. Your rental return will be based on research of local market trends, analysis of other properties in the area combined with your property manager’s thorough vetting of prospective tenants. 

Investment properties need regular inspections 

How do regular inspections ensure you get the best rental return? Your property’s value is based on how it presents itself to the rental market, which means keeping it in pristine condition is essential for maximising rental returns.

The responsibility of keeping a rental property well maintained falls partly on your tenant – they need to let your property manager know what needs to be done as soon as possible. While most tenants are responsible and responsive – especially if they’ve been well vetted and chosen by your property manager – regular inspections are an additional layer of security. 

Regular inspections will pick up on any issues that your tenant has missed, and they will also encourage your tenants to report issues promptly, as they arise. This means, the issues can be addressed quickly, keeping your property in pristine condition and ensuring maximum rental returns for you. 

Communication leads to success

Once you’ve found the right property manager, they will keep in regular contact with you as the owner of the property but also with your property’s tenants. Regular communication reduces the risk of issues going unnoticed and keeps the communication lines open; this allows tenants to feel comfortable.

Keeping tenants comfortable is essential, as tenants who are unhappy are likely to leave. Avoiding an empty investment property is essential to ensure you can maximise your income across the year. 

The first step to keeping a rental property full all year around is effectively screening prospective tenants. The second, and equally important step, is ensuring the tenants you choose are comfortable and happy in your property. Open communication creates this comfort.

At Established Property, our team have been working as real estate agents in Point Cook, Victoria for almost 30 years, which means we understand the trends and cycles of the rental property market, and we’ve had a front-row seat to its growth. 

We’ve got the skills, knowledge and expertise on our team – from real estate agents to property managers, we’ll be there at every step of your property journey. Our property management team knows how to choose the right tenant for your investment property. We’ll do the hard work for you to make sure you get consistent and solid rental returns on your investment.