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By Tierney Cavanagh

5 Financial Traps To Avoid As A Landlord

3. Attempting to self-manage a property

Self-managing a rental property may create headaches for you, especially if you’re not able to commit the time or resources necessary. Majority of the time it is not until you are in too deep that you realise how much time is actually needed to do the job properly.

It may seem cost effective to do the job yourself however the benefits of appointing a property manager can far outweigh the costs.

Property managers have the time, resources and systems in order to do the job properly. They are also up to date with all the relevant legislation therefore if issues arise they are able to easily deal with the situation.

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