Are there any downsides to having the property manager take care of all my bills?

Discussion in 'Property Management' started by jaybean, 7th Sep, 2015.

Join Australia's most dynamic and respected property investment community
Page 2 of 2
  1. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Sounds alright. Which bank link are you using?
     
    D.T., 7th Sep, 2015
    #21
  2. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    796
    Location:
    Sydney
    I hate paying bills, pms doing it is much nicer.
    Being summarised on end of year statement is nice too.

    Once you get more than 5 properties it starts to eat into youre time.

    The council can keep your address and if the PM forgets then they send you the final notice direct. It happened once with a new pm but no big deal.
     
    DanW, 8th Sep, 2015
    #22
  3. Davothegreat

    Davothegreat Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    335
    Location:
    Sydney
    Our PMs pay water service (usage goes to tenants) and council rates as these will always be issued by one party, there's no possibility to shop around for these services. I pay other things like landlords insurance where I shop around annually.
     
    Davothegreat, 8th Sep, 2015
    #23
  4. Shady

    Shady Well-Known Member

    Joined:
    20th Aug, 2015
    Posts:
    523
    Location:
    Sydney
    It probably wont be applicable to anyone here but some agents insist on having the bills sent directly to them as they think it makes it less likely that an owner will take their business elsewhere.
     
    Shady, 8th Sep, 2015
    #24
Page 2 of 2