Should You SELF-MANAGE Your Rental Property? Or Get A Property Manager? Australian Real Estate 2023
HTML-код
- Опубликовано: 3 мар 2023
- Are you crazy if you self manage your rental property? Are there actually any benefits? What are the costs for a property manager in Australia? Property Manager Vs Self-Manage Your Rental Property? (Pro's & Cons, Fees + What I Personally Do). Self Manage Rental Property Australia 2023. Should I Get A Property Manager For My Investment Property In 2023. Benefits of a property manager. Should You SELF-MANAGE Your Rental Property? Or Get A Property Manager? Australian Real Estate 2023
The links below are affiliate links so we both get discounts/freebies:
My Muscle Chef Meal Delivery - Get $20 off your order Use this code at checkout DEZ7FTA1 www.mymusclechef.com/
Shopback - Get $10 for free + cash back on purchase bit.ly/3szm88t
CashRewards - Get $10 for free + cash back on purchase bit.ly/ccrrw
Marketing Platforms I Use In My Business:
Landing Pages - Unbounce (20% Off): unbounce.grsm.io/raycorcoran2179
Email Marketing & CRM - ActiveCampaign: mbsy.co/activecampaign/47227607
Website Hosting & Domains - VentraIP: getonline.vip/YQCxU9kN
Video Editors - Fiverr (20% Off First Order) www.fiverr.com/s2/2d6ec12750
Music from Uppbeat (free for Creators!):
uppbeat.io/t/mountaineer/fly-...
License code: JIHATZN85D53CMCZ
Related topics: property management, should i hire a property manager, self managing rental property, rental property, real estate, property management training, property management company, property management fees, property management business, pros and cons of property management, self managing rental property australia, investing in real estate 2023, self manage rental property australia 2023, how to self manage rental property, real estate investing australia, sydney property market
What do you think? Self manage and save money OR property manager all the way? What has been your experience?
Hey Ray! Your videos are certainly really engaging, and I think my futuristic thumbnail services might help elevate them even further. Would you be interested in discussing this possibility?
Using a manager is much better and they have the access to tradies that will turn up at a drop of a hat. Doing your own maintenance can be costly if you don't know what you are doing especially if you can sell you time in your business. I have the lived and learnt.
1000% agree
Way easier
Property manager! Treat them well with presents during christmas so they treat u better than the other landlords
Love it
A little gift never goes astray
These are some fantastic points Ray! There is a lot for a property investor to keep up with if they choose to self manage. Its also so important for investors to understand the difference between a property manager & a great property manager.
Absolutely! Thanks for checking out the video
Thanks for the video! as I always say, let the experts do their thing, as you mention it might cost you a few $$, but you will make sure it's properly done and in the long run it probs more cost effective. Also, what if you want to go on holidays
Thanks Gustavo - yep totally agree, the cost savings are negligible once you factor in the time you’re now losing
Might get lucky with a good tenant but not worth it overall
Follow me on Instagram for more low quality content 👉 instagram.com/raycorc/
Book a call with me 👉 calendly.com/raycorc/youtube
Join our free personal finance FB group 👉 facebook.com/groups/personalfi/
Never had a good property manager. How do you find good ones? Self manage all my joints.
There's so many shit ones honestly. I have had heaps of duds. The good ones I have now are from buyers agent and broker recommendations + searching for a good one with good google reviews (paid a little more in fees but they're so much better)
@@raycorc yeah it’s not even about the cost. The drama it causes when a property manager throws anyone in a rental and they are a train wreck is 10x worse than running a couple of open homes ever other year myself. Haven’t inspected anywhere in years but so who knows what’s going on.
Yeah could be worth putting the feelers out for someone else to manage it
Heaps of options out there
But if the current set up is fine then you’re cheering
A good tenant that pays and look after it is the dream, not much work in that case
@@jaywright6764 Property manager here - major issue in the industry is landlord expectations to reduce fees, this means for the business to make revenue they need to increase the property to staff ratio. Too many properties per staff = terrible & reactive service. Too many agents compete on fees instead of service, which is why there are too many crap agents! The agent who isn't negotiable is likely running a much more competitive service & knows their worth! But that's investing for you, you gotta spend money to make money!
Hey Mate, I’ve just moved to Australia (from South Africa) and I have around 30K AUD to invest what would you recommend / Guide ? (I’m 20 years old) Enjoy your content. Cheers 👍🏻
G'day Matthew, thanks for watching mate and welcome to Australia! The rules around me recommending anything to invest in are pretty strict here so I can't tell you specifically what to invest in. From a common sense perspective, if you've moved to a new country and you're young I'd keep a decent cash buffer for peace of mind. Maybe 6-9 months worth of generous expenses - that might be 20-30k in itself. You don't want to empty your bank account to invest in something then you need the cash because you lose your job etc. I'd say this to any younger person, but early on you have heaps of time and not many skills. I'd work on getting your skill levels up so you are worth more to your employer and can justify getting better pay. This video is relevant too ruclips.net/video/9tJKBZ5pOgA/видео.html
Once you have a buffer in place, it might be worth researching the basics of ETFs and maybe real estate down the track - but honestly if I was your age in a new country I'd be working a shitload and trying to learn as much about being good at my job so I could grow my income.