The main problem with managing your own investment property is the time and energy it initially takes, with that hassle then becoming a monthly occurrence.

You have to carefully screen tenants, maintain applications, do the credit checks (those cost as well), ensure the lease agreements are correct and up to date with the law, inspect the properties on regular basis, collect rent, organise repairs and the list goes on?

So if you don't have the time or patience here's what a managing agent will do for you...

What will an agent do for me?

• A good managing agent will ensure that you are compliant with the relevant laws and acts relating to your property and the business of renting.


• Find and thoroughly screen tenants to ensure you get a reliable and responsible tenant.


• Sign lease agreements and making changes to them when necessary.


• Ensure that the rent and any utilities are collected on your behalf.


• Inspect rental properties at the beginning of lease agreement and at the end of the lease.


• Manage rental deposits and refunds once properties are inspected.


• Maintain and provide you with monthly statements, which document all financial transactions relating to the property.


• Maintain and provide you with an itemised annual account at the end of each financial year.


• A big time saver is arranging and organising necessary repairs to the property.


• Deal with tenants and try to resolve disputes when they arise.


• And a good managing agent can deal with disputes with a clear head and resolve issues far more easily than an emotional tenant.