Looking to make the most from an investment property? Quality management can bring you peace of mind and ensure your investment performs at its peak.
An investment property is a valuable asset and should be managed accordingly. At RE/MAX Territory, we look after your property as if it were our own.
Our skilled property management team is resourced to give every property the attention it deserves, whether it is a small unit, executive home and with over 8 years working in property management are highly organised, efficient and pride themselves on good communication.
Each of our landlord's benefits from the experience of a personal property manager who can provide astute advice on the state of the market and how to take advantage of changing conditions. Professional marketing ensures your property is never vacant for long, stringent selection methods deliver the best tenants and accurate regular reporting helps keep your finances in order. With access to a team of reliable tradespeople we also make sure all repairs and improvements are cost effective and carried out with a minimum of fuss.
We work hard to take the worry out of ownership and ensure your investment property will always perform at its peak.
For further information please feel free to contact Our Property Management team on 07 3440 9440, alternatively email us for a property management information pack.
To ensure you gain the best possible tenants our rigorous selection process fully investigates the past and current employment details, rental history, financial and identification details of applicants.
Prior to a tenant moving in we rigorously assess your property and provide a detailed report of its condition. General inspections are then conducted up to three times a year. An inspection report advises you of the state of your property, how well the tenant is maintaining it and what repairs are required. Dependent on your requirements photographic records can also be maintained provided the tenant agrees to photos being taken. We can also arrange annual building and pest inspections on your behalf.
Tenants are required to pay by direct debit and our office has a " No Arrears " policy . Through our management software we gain immediate notification of overdue amounts and act quickly to ensure payment. In the event your tenant falls into arrears we issue arrears letters, make phone calls, call into the property and issue terminations when required.
Disputes with tenants are uncommon and are generally expediently resolved by our property management team. Should a satisfactory result not be gained through negotiation the Property Manager applies for a Consumer, QCAT Tribunal hearing, at which we are able to prepare a case to represent the landlord's interests.
Maximising the returns of your investment is one RE/MAX Territory prioritises. We regularly assess the rental prices of properties taking into consideration factors including market conditions and the quality of the tenants. We also provide advice regarding potential improvements to your property and keep you regularly updated with what's happening in the real estate market.
But you might not know what exactly a property manager does. A property manager is a third party who is hired to handle the daily operations of a real estate investment. They can manage all types of properties, from single family homes to large apartment complexes. There are two types of property management companies, residential and commercial.
will cover the housing of rented properties, for example apartment buildings or family homes. Some countries will need the property manager to have a licensing especially when it comes to handling negotiating the lease agreements, the marketing of the property and the rent money.
Responsible for Tenants One of the main responsibilities of the property manager is to manage tenants. They are involved in all capacities, from finding the tenants and dealing with complaints to initiating evictions.
Property managers are responsible for setting the initial rent level, collecting rent from tenants and adjusting the rent.
Setting Rent - the property manager knows how to set the right rent level to attract tenants to your property. They have an understanding of the market where the property is located and have looked at comparable properties in the area.
Collecting Rent - they play the role of the enforcer. They ensure optimal cash flow by setting a date to collect rent each month and strictly enforcing late fees.
Property managers are responsible for the physical management of the property, including regular maintenance and emergency repairs
Maintenance - they are in charge of performing preventative property maintenance with the agreement of the owner to keep the property functioning in top condition. For example, they arrange the annual Pest inspection and Smoke alarm checks when new tenants move in. This maintenance aims to keep current tenants happy and attract new tenants.
Repairs - when there is an issue, the property manager attend to it themselves or arranges someone to attend to it. They often have a large network of reliable plumbers, electricians, carpenters and other contractors.
Good property managers have a thorough knowledge of laws regarding the proper ways to: