News & Events

Successful property managers need regular training to stay across legislation updates in Victoria’s constantly changing and challenging real estate market.

Many property managers and self-managed owners are often not aware of sections of legislation that may be relevant to their properties, and it could be costing investors’ money.

It’s all well and good when the tenant pays their rent and there’s no issue. But how do you manage an end of tenancy? How do you manage a death in a property? How do you manage damage or breaches?

At Metro Property Management we know that VCAT has never been more specific on the documentation that is required when you attend the courts. Any error or mis-calculation could cause your matter to be dismissed. We train all our property managers to understand and be up to date with current legislation and how to effectively manage strategies for each tenancy.

Another area where there is a lot of knowledge needed is on how to manage insurance claims. These are an essential investment and it is important to make sure that you are covered in the event that something does go wrong.
A good property manager will be able to advise you what to look for in a landlord insurance policy. We often see issues arise when owners have had inadequate or no cover for their properties only after a problem arises, at which point cover cannot be obtained.

When you buy an investment property, it’s not just about making sure that you find a tenant and managing that one-year tenancy. It’s managing your property for the future.

It is also about managing the depreciation of the property and planning for further investment to maintain the property value and continue to secure a positive rental return.

Having a knowledgeable property manager is about trying to reduce risk and adding value to an investment. The short-term costs will save a lot in the long term.

We manage more than 1400 homes in 260 suburbs in Victoria. Talk to Metro PM today to see how we can help you to manage your property and help set your investment up for the future.