What is your management fee? Our fees range between 7% and 10% depending on the property or your portfolio. Are there any initial costs for full management of my property? If the property is untenanted, we charge for an admin fee or securing a tenant. This is one weeks rent + GST. If the property
There is more to property management than what meets the eye. Below is a list of common terms related to property management that everyone in the industry should know. Arrears- outstanding debt owed by tenants, can be in the form of rent or invoices. Bonds– a security deposit held at the beginning of a tenancy
Undeniably owning an investment property is a risk. Leaving the day to day management to someone else is also just as risky. Therefore, there are a few questions you need to ask yourself to ensure you’re getting the most out of your property management. Is your property manager maximizing the return on your investment? It
You don’t have enough time to deal with your property(s) Rent isn’t constant Your tenants are difficult to deal with The law changes are confusing and hard to keep up with The property condition is declining The property is costing you more than you make You don’t know how to keep up with the rental
Property management is the overseeing of residential or commercial properties. It involves the management of properties that are owned by another party or entity. Property managers act on behalf of the owner to preserve the value of the property while generating income. They step in when owners lack the time or expertise to deal with
For us, property management is the overseeing of residential properties on behalf of another party or entity. We act on behalf of the owner to: Make contact with tenants Arrange maintenance and repairs Preserve the value of the property Ensure the property generates the income it deserves Complete routine inspections for insurance Market the property
Freeze on rent increases – the prime minister has announced a freeze on all rent increases for the next six months as of 23 March 2020. This includes rent increases that had already been issued but would come into effect during the six month period, these notices are now void. Moving into a new rental
We often get asked by prospective tenants how they can better their chance at getting a rental, so here are a few tips that will help you help us to make our decision. Attend a viewing or get someone to view on your behalf Have your references ready when coming to a viewing- we ask