Here are some of the important reasons we believe that you should have a Professional Property Manager manage your Investment Property:

Knowledge of the Residential Tenancies Act
The Managing Agent is aware of the implications of the Residential Tenancies Act and can advise owners and tenants of their rights and obligations.

Rent Appraisals
A Real Estate Agent knows the supply and demand in a given area and is aware of the comparative rental of homes.

Access to Tenants
A Managing Agent often has a ready supply of tenants. The agent has the means to check references, thus enabling effective screening of tenants.

Inspections
The Property Manager is trained to report in detail on the condition of a home having the expertise and experience to maintain the home at a satisfactory level.

Accounting
A Professional Property Manager supplies accounts and details of all income and expenditure relating to a client’s property.

Taxation Benefits
Properties purchased for investment purposes can attract significant taxation benefits. Property Management fees are tax deductible.

Firstly, what is “Property Management”? Property Management is a term used to describe the whole of the professional services necessary for the proper management of a property by an agent on behalf of an owner. The services that a Property Manager can perform on your behalf include:

• Inspect the property, provide a market appraisal and recommend any property improvement.
• Market the property including design, preparation and placement of agreed advertising.
• Receive, process and check tenancy applications.
• Conduct detailed reference checks on all tenants.
• Select a tenant in consultation with the owner where applicable.
• Arrange preparation of the appropriate documentation including:
  • Lease Agreement
  • Property Condition Report
  • Bond Lodgement.
  • and Any other documentation that is specific to negotiated terms of the Lease Agreement

• Provide a copy of additional documentation that may be required under the Residential Tenancies Act and brief tenants and owner of their rights and responsibilities
• Collect and receive the security deposit and rental payments for the first period of the lease (cash or bank cheque only).
• Pay the Security Deposit into a Tenancy trust account in accordance with the Residential Tenancy Act or the arrangements within the Tenancy Agreement.
• Ensure that all rental payments are collected and arrears are followed up immediately.
• Establish and maintain property and rental records.
• Pay rates, landlord insurance premiums, body corporate fees and/or any other payments as instructed.
• Disburse the net rent to the owner in accordance with the owner’s instructions with a statement detailing all outgoings.
• Arrange Landlord insurance cover as directed and oversee any insurance claims.
• Advise the owner of maintenance requests from tenants:
  • Advise the owner of necessary repairs and maintenance
  • Prepare specifications for trades people
  • Arrange quotations for repairs and maintenance
  • Pay trades peoples account
  • Confirm completion of works

• Represent the owner at court hearings or body corporate meetings.
• Pay authorised accounts and statutory charges.
• Conduct an agreed schedule of regular inspections on tenanted properties and provide a report to the owner for their perusal.
• Prepare annual revenue and expenditure statements.
• Administer rental reviews and lease expirations.
• Prepare applications and serve notices in compliance with the relative legislation and/or tenancy agreement.
• Provide regular communication with the owner via email, phone or facsimile.
• Provide a 24 hour, 7 day a week emergency service.