Property management in Melbourne can be very difficult. For one thing, there are hundreds of potential tenants, and you will have to go through all of them to find the ones you feel are best suited to rent your property.
You have to do criminal background checks, check social security numbers verify credit and rental histories, get references from former landlords and verify that the potential tenant is employed. You can look for property lawyers in Melbourne at https://mcclurelaw.com.au/property-law/.
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Even then you can end up with a client who damages your property or who you will have to evict, landing you in court and forcing you to pay attorney fees, filing fees, and court costs. This can make even the most careful landlord lose his or her cool and want to stop renting.
Add to that the time it takes to travel to all the properties, maintenance and repairs, and the fight to keep costs down and you have a recipe for potential disaster, or at least, a major headache.
There are many companies for you to choose from, but you should have some basic knowledge of what they do and what to look for before you simply pick a company from the phone book.
For one thing, you will pay a fee to a property management company. You'll pay based on how many units the company will have to manage. You can pay either per unit or a certain percentage of the gross rent amount.