Tips for Landlords
We excel in delivering flexible solutiuons
Securing The Right Tenant
We understand the importance of finding the right tenant for your property. Every prospective tenant is required to complete a detailed tenancy application, and all information provided is carefully verified. As part of our screening process, we conduct comprehensive background and rental history checks through TICA, a national tenancy database with extensive records for cross-referencing. The cost of these checks is included in your management fee. Once an applicant’s suitability has been thoroughly assessed, we will contact you with our recommendation and await your instruction before proceeding. No lease agreement is signed without your approval.
Tenancy Agreement – The Lease
Residential Tenancy Agreements are prepared in conjunction with our Lease Annexure, based on the standard forms provided by the Real Estate Institute of Australia. We carefully record what’s in the property and its condition before tenants move in, to ensure fairness when they move out. Copies of these reports are provided to you for your records once the lease is finalized. We generally recommend offering leases of six or twelve months, depending on market conditions and the time of year. Note: Before making the property available for tenancy, we advise landlords to complete pest control treatment, carpet steam cleaning, and, where applicable, refill any gas bottles. This helps establish and maintain a consistent standard for future tenancies.
Insurance
It is the owner’s responsibility to maintain adequate building, contents, and legal liability insurance. Protecting your investment against common risks and those specific to rental properties is an essential part of effective property management. Items such as carpets, curtains, blinds, and light fittings are considered contents and are not covered under standard building insurance. For strata-titled properties, Body Corporate Insurance does not extend to incidents or claims that occur within your individual lot. Please note that standard insurance policies generally do not cover malicious damage, theft, or loss of rental income. We strongly recommend reviewing your policy to ensure you have the appropriate level of protection for your property.
The Cost of Overpricing a Property
When a property is listed above its true market value, it risks missing its target audience. Setting the rent higher than comparable properties can significantly reduce interest and increase vacancy time. Prospective tenants who would otherwise be well-suited to the property may overlook it because it falls outside their budget, while those within the higher price range are likely to see better value elsewhere. Pricing your property in line with current market conditions ensures stronger interest and a faster leasing outcome.
