SUCCESSFUL BUSINESS PARTNERSHIP
SELECTION OF TENANTS
In order to monitor and ensure that your investment is being well-maintained at the highest possible standard, inspections are a priority and responsibility of investment management.
Entry Condition Report
Prior to the tenant moving into your investment property an in-depth and detailed condition report will be completed by your property manager which covers both the internal and external property.
The first inspection will be conducted three months into the tenancy and then once every six months. Following each inspection, a comprehensive report on the overall condition including photos along with any recommended repairs and maintenance will be sent to you. As the Landlord you are always invited along to attend the inspections and are always given plenty of notice.
Exit Condition Report
Once the tenant has vacated the property and handed in all of the keys to our office, an indepth and detailed exit report is completed and cross referenced with the initial entry report to ensure that the property is left in the same condition as when the tenants moved in given fair wear and tear.
Once a tenant has been approved to lease your investment property and is ready to move in, they are required to enter into a Residential Tenancy Agreement and pay a holding deposit.
Our Property Managers will prepare the Residential Tenancy Agreement along with supporting documentation such as leases, data entry, condition reports, pet authority form, water usage forms, photocopy of the keys being provided and bond lodgement forms.
At the appointment to sign the Residential Tenancy Agreement, our Property Manager will ensure that the tenant is fully informed of the terms of the agreement and their responsibilities together with the payment of upfront rent and bond.
In our office we use dedicated property management software to apply standard bookkeeping principles for the administration of our properties under management. We take responsibility for all accounting administration including collection of rent and payment of outgoings and any other payments you request us to make on your behalf. In addition, we provide you with a fully itemised monthly statement with payment direct into your nominated bank account; furthermore, you will be emailed a year-end summary statement for your tax accountant at the end of each financial year.
ARREARS MANAGEMENT PROCESS
REPAIRS AND MAINTENANCE
Landlord insurance is for Residential investment Property. Landlord Insurance can provide protection for your property and rental income as well as providing legal liability relating to injuries or damage resulting from management or ownership of the property.
It is imperative that you do have Landlord Insurance. Depending on the policy that you decided to go with, it can cover you for Rent Default, Loss of Rent, Damage by Tenants, Contents Cover, Legal Costs and Public Liability.