SELECTING THE RIGHT PROPERTY MANAGER
This decision can make a huge difference not only to your overall returns, but also to the enjoyment of your investment.
Over the last few years, property management has undergone a significant transformation, from simple rent collection, to a dynamic investment management service. The changing scene has triggered the need to better manage new legislation, ensuring fairness for both owners and tenants.
It includes, in some regions, the Strata Titles Act, Residential Tenancies Act and deregulation of fees
charged.
Now more than ever, you need your property professionally managed by entrusting it to a manager who is trained, experienced and equipped to meet these ever changing needs. In the end, you need to feel completely comfortable with the company you’re dealing with.
Professionals Newlands brings a 30-year legacy, a family-oriented approach, and a team of experts
dedicated to maximizing your investment’s potential. We prioritize transparency, communication,
and outstanding service.
MARKETING
Our marketing campaign is high impact and innovative, proven to find tenants in the shortest possible time frame.
Once you have made a decision to employ Professionals Newlands as your managing agent, our marketing campaign commences immediately.
Our property manager is constantly monitoring the best medium for advertising your property to attract a suitable tenant and ensure the best result for your dollar.
The marketing campaign consists of the following:
• A photo and description on our rental lists and social media
• Internal database marketing & Email newsletters
• For Lease Signboards
• Advertisement on the two major portal realestate.com.au and domain.com.au.
Besides the two we also advertise on various other portals and social media.
Our office also makes sure to attend to all inquiries made from the above campaign so we can lease the property at the earliest.
We conduct Open Homes on Saturdays and occasionally on weekdays and provide regular feedback throughout the campaign.
SETTING A FAIR RENTAL PRICE
Your Professionals property manager will have a strong understanding of current rental prices in the local area and will help you set a fair market rental value.
Three factors that impact on rental prices are:
- Property location
- Property condition
- Length of lease
Some owners can make the mistake of setting the rent too high. Not only will you waste your advertising dollars, but you’ll reduce the likelihood of securing a suitable tenant.
Rent reviews
From time to time, we’ll recommend a review of your property’s rental price. Over the years we’ve found tenants are well educated on rental trends and what a fair price is. So it’s good to find the right balance to keep your property occupied.
Legislation states that rental prices can be reviewed every six months, providing it has been noted in the Tenancy Agreement – although this can differ by law and location and will be checked by your property manager.
SELECTING GREAT TENANTS
We cover every base when finding you the perfect tenant for your investment property
A good tenant can make your property ownership a positive, stress free experience.
At Professionals, we’re meticulous with our selection process for tenants.
After an ‘Application for Tenancy’ is lodged, we’ll thoroughly check their rental history, employment and references.
We’re also more than happy to accommodate any instructions you may have during tenant selection in accordance with appropriate tenancy regulations.
PROFESSIONALLY MANAGING YOUR ASSET
We appreciate that handing over the keys to your property requires trust on your part.
Our proven systems and attention to detail will ensure your property is in safe hands.
Property condition report
Your property manager will compile a detailed property condition report of the premises.
The report will be checked by both the tenant and the property manager, with any changes amended within the legislated number of days prior to occupancy.
At the end of the tenancy, and prior to the security bond being released, a final inspection
of the property will be carried out comparing to the original report.
Bond
Usually equal to four weeks’ rent, a bond is collected from the tenant and held against any
damage that may occur in the normal course of the tenancy.
A bond can only be released by mutual agreement between the tenant and agent (on
behalf of the owner) once all obligations have been fulfilled at the end of a tenancy.
Why periodic inspections are important
One of the conditions of the tenancy agreement is conducting periodic inspections to ensure the
property is being maintained to a satisfactory standard.
Periodic inspections are completed as instructed by you and a full report is submitted. The tenant
is told of any property defects which they may be considered responsible for.
These inspections may also include maintenance recommendations or the
submitting of quotes for upgrades to maintain the ongoing value of the property.
We appreciate that handing over the keys to your property requires trust on your part.
Our proven systems and attention to detail will ensure your property is in safe hands.
How to manage repairs and other outgoings
Under the Residential Tenancies Act, it’s your responsibility to maintain the property in good
rental condition.
You can elect your Professionals property manager to initiate repairs and maintenance to
an amount agreed to by you. More expensive repairs will always be referred to you for your
consideration.
Our property managers don’t just collect rent, they take pride in ensuring your property is fully cared for.