Renting your Investment



The Tenant


Selecting a suitable tenant for your property is extremely important.
We will select someone who we believe will look after your investment and be in a position to pay the rent reliably. We will be gaining credit checks for any potential tenants and have additional    systems and processes in place to ensure we have the very best tenants looking after your investment.
When tenants default on their rental payments, its important to understand that we must follow a legislated process and corrective action.

Renting your Investment

How Much should we advertise our property to rent for?

As with selling a home, property must meet the market and be competitive with other properties  being offered for rent.

Similar properties and their weekly rents should be carefully compared. This may be difficult to do, given that you may not know the condition of the competing property and internal improvements. Our experienced property manager can provide a market analysis. They can inspect your property and compare with it other similar properties for rent in the area. Because they are aware of the local rental market, they will be able to set a rent which will help your property to be rented at the earliest possible opportunity, whilst ensuring you get the best return for your investment.

Your Property On Show 

Prior to renting your property you should consider any improvements or maintenance that might be required.
The better your property is presented the easier it will be to rent and the more likely you are to attract better quality tenants.

Make sure:
  • The garden is well presented and tidy
  • Appliances are in safe and working order 
  • Any minor repairs have been made to windows, taps, toilets and any sticking doors 
  • The Property has been professionally cleaned 
  • The Carpets have been professionally cleaned
  • Any Cracked, chipped or peeling paint repaired 

Marketing Your Property

Marketing your property is something that needs consideration. Highlighting your property amongst the myriad of other vacant properties being advertised can be challenging.
The rent being asked, location, attributes of the property and community facilities are all elements that prospective tenants will take into account when considering which property they’ll choose. Our goal is to attract a steady stream of rental inquiries from prospective tenants. We will consult our  tenant database to establish whether your property is suitable for any prospective tenants in our  system. In addition, our expertise in marketing your vacant property will make the process very effective. 


The importance of routine property Maintenance

Buildings progressively deteriorate over time and will continue to deteriorate if maintenance is not carried out. It is imperative to keep on top of regular maintenance to maximise your potential    returns , to keep your property desirable to good prospective tenants, and in the future, saleable.

Regular planned maintenance.

Regular planned maintenance, such as minor repairs and preventative maintenance, should minimise future problems and ensure your property remains in peak condition.
Avoid unnecessary major repairs.
Without regular maintenance, a property can quickly deteriorate to an unacceptable condition, necessitating major repairs that could have been avoided. If left long enough a property can       deteriorate to the point of being untenantable which can translate to loss of income for you.
Landlords have a legal responsibility to ensure the property is well maintained and in good repair. It is in the best interests of property owners to maintain their investment in the best condition possible.

We have a 24-hour contact service for urgent repairs. To minimise risk, we only use qualified and appropriately licensed tradespeople who provide prompt service at competitive rates.

Click here to check whether your property meets the latest Healthy Home Standards

Inspections

To safeguard your investment we follow a systematic inspection programme as outlined below. Once an inspection has taken place, we will provide you with a comprehensive detailed report   also highlighting any maintenance issues that may need attending to. The reports are also kept on file for reference purposes.
Moving-In
We will conduct an initial “Moving-In” inspection prior to new tenants occupying your property. This report will detail the condition of your property and any other relevant information, with a  comprehensive library of photos and notes.

3 Month Inspection

Three months into the tenancy, we will carry out an inspection to ensure that all is as it should be with the property. Inspections are conducted every three months onwards.

Moving-Out

When the tenants vacate we will conduct a detailed final “Moving-Out” inspection. This is a thorough inspection to ensure the property has been left in good order. If no damage is found, then we promptly return the bond to the tenants. In the unfortunate situation that damage to the property is found, we will impose a claim on the Tenants Bond as required by the Residential Tenancy Act 1986. 

Periodic Inspections
Our main priority is keeping your property performing at its peak and maximising your investment. We can conduct other periodic inspections at your request and will perform a periodic inspection if we have any cause for concern.
We have a strong community presence and valuable local knowledge.

Landlord Insurance

Not all tenants cause problems, but you do need to consider whether you are covered should something go wrong.

While most tenants take good care of the property they are renting, those that don’t may intentionally cause extensive damage. Intentional damage is not covered by many standard home insurance policies nor is the failure to pay rent.
The valuable common features of a Landlord Insurance policy include:
Malicious or intentional damage to the property by the tenant or their guests
Theft by the tenant or their guests
Loss of rent if the tenant defaults on their payments
Liability, including claims against you by the tenant, and
Legal expenses incurred in taking action against a tenant
Contamination by harmful substances including drug related causes
It is important to remember that not all landlord protection policies are the same. Some, for instance, are designed to be implemented in addition to a typical home and contents or strata title policy while others are more comprehensive.
Some policies allow cover for the contents of the property. This is particularly important if you rent a partially or fully furnished property.