Important Things To Consider When Becoming A Landlord

Renting out your home is a big decision and one that needs to be well considered. Though with the right support it can deliver a good return on your property investment. Renting can also be a great option if you are waiting for land prices to increase or may give you time while you consider whether you really want to sell at all.

Having a property management team who understands your expectations and can give you the right support will be the difference between a good rental experience or not. Not only that, choosing the right property manager can play a vital role in the rental process of an investment property. A good property manager will seek to maximise weekly rental income and source high quality tenants who are more likely to really take care of your asset. 

The common question we get asked is “how long will my property stay on the market before you find a suitable tenant?” The answer is dependent upon the number of competing properties on the market at the same time similar to yours, the rental price, and the quality of photos / videos you provide us with at the time of listing.

Every agency will have slightly different standards and commitments and it is important to find out what is going to suit you and your situation the best.

Our standard services include:

-   A complete asset management approach to ensure the return on each property they manage is maximised

-   We screen potential tenants for suitability

-   Organize all paperwork required

-   Submit bond monies to the relevant government authority

-   Conduct regular inspections

-   Ensure rent is paid on time and have fast follow-up for rent in arrears

-   Liaise with landlords to organise routine maintenance when required

-   We provide an app for effective communication with landlords regarding inspections and maintenance reports

Some additional services we can provide are

-   Paying your outgoing expenses on your behalf

-   Organise professional photography for your property

-   Additional marketing of your property

-   Providing administration services to maintain your tenancy

Asking plenty of questions during your selection process is essential to ensuring you find the right fit. After all, your property manager should be a great communicator and more than willing to support you on your journey.