Founder / owner of our agency David Traeger had a 4 page profile in the “Capital Growth Case Study” section of this months Your Investment Property Magazine which had lengthy debate over which is better out of Capital Growth and Cashflow strategies. The article has been uploaded to here.
The article highlights David’s humble beginnings, investment journey toward 10 investment properties and his philosophy on investing for the future. In doing so over the past 12 years since buying his first property he’s had to deal with a range of people – financiers, tenants, trades people, etc which is part of why DT Property Management is quickly rising up the ranks of Property Managers in Adelaide.
Having investment experience in a property manager serves two main benefits to you, as a landlord:
First, it means that they’ve been through a lot of the situations involved with investment properties themselves already. This stuff can’t be taught in courses. They know the buzz you feel when your offer to buy an investment property gets accepted, the pain felt when tenants cause damage to your property. Who best then to help guide you through the same experiences than someone who has been there and done that?
Secondly, they understand the importance of maximising the returns possible from your investment. The team at DT Property Management have a good eye for assessing tenant applications rigorously to prevent further issues down the track, have a tough stance on arrears to keep your cashflow alive, inspect thoroughly to ensure the value of your asset is maintained and include a lot of investment performance information in the annual statement packs. They can also give you free advice about which areas have good rental demand on which improvements might be worthwhile to your existing property.
When you’re sitting down with an agency discussing the handover of your new investment property, you may want to ask them what experience they have with looking after properties, personally.
Or, if your investment property is at an agency where it’s being treated like a number instead of like an investment perhaps its time to get in touch.