Managing an investment property is a skill. It is not a matter of getting a tenant and collecting the rent - it is complex and demanding task.

The best way to avoid the complexities and problems, which may arise from time to time in property management, is to appoint an REIT real estate agent to manage your rental property.

Real estate agents who are members of the Real Estate Institute of Tasmania have the experience and knowledge to give you the best available property management, whether it is for residential or commercial and industrial properties. Investors, being offered a wide range of residential and commercial properties to select, should consider a number of factors:

• Selecting the right investment property - location, potential rental return and possible alternative uses for the property.
• Selecting the right tenant - a good tenant will add value to your investment. A wrong choice can be costly. REIT real estate agents have the training and experience to select tenants for your valuable asset.
• Rent collection - REIT real estate agents have effective rent collection procedures in place to ensure that any outstanding rent is followed up quickly.
• Regular financial statements - REIT real estate agents will provide you with regular financial statement so that an accurate check can be kept on the progress of your investment.
• Repair service - Your managing agent will have access to a wide range of skilled tradespeople who can provide quick and cost-effective repairs.
• Your asset protected - By entrusting your property and management to an REIT member, you can access exclusive policies, which protect your tenanted property from vandalism, malicious damage by the tenant and rent default. The agent will also make regular inspections of your property.

The REIT member understands tenancy legislation and can represent your interests.