PROFESSIONAL PROPERTY MANAGEMENT

Once you have invested in a property it is important you maintain both the property and the relationship with your tenant. You may choose to do this yourself or appoint a professional Property Investment Manager.
 
If you appoint a professional Property Investment Manager such as PROPERTY NETWORK, you will be asked to enter into an agreement that covers the agency’s fees, timing of reporting and inspections, payments, expenditure on maintenance and repairs and rent reviews.
 
Many times, there are disputes as to what landlords expected and what agents ended up doing and it is best to have this agreement in place, in writing, so that the agent can be held accountable. If you would like to discuss what we can offer you in terms of rental property management why not give me a call?
 
TYPICAL MANAGING AGENT DUTIES

• Advertise the property to prospective tenants in an efficient manner to minimise property vacancy
• Personally interview and reference check all prospective tenants
• Provide effective follow-up of any rental arrears
• Undertake rental reviews and Tenancy Agreement renewals
• Have all Tenancy Agreements in writing, incorporating all the terms and conditions of the Tenancy
• Have the tenant sign a written report on the condition of the property prior to tenancy
• Provide a monthly statement with rental monies
• Notify you about necessary and preventative maintenance
• Conduct a routine inspections of the premises (every six months) and provide written reports.
• Have a team of maintenance contractors on immediate notice
• Inspect all major maintenance work authorised, prior to payment
• Pay property accounts and statutory charges as directed, including water rates, council rates, body corporate fees, insurances, caretakers, maintenance contractors, etc
• Prepare applications and serve notice to the Tenant in the event of breach of the Tenancy Agreement
• If necessary, provide representation at Court on your behalf
• Advise you in writing of the approaching end of a lease and vacating tenants
• Inspect the property at the end of each Tenancy and arrange repairs prior to deposit refund
• Advise you of relevant market and legislation changes
• Advise you on property insurance and other matters

Relevant Articles
Property Investment Advice from Professionals
Key Considerations in Investing
Investing in Commercial Property
Rental vs Buying
Professional Property Management 

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