FREQUENTLY ASKED QUESTIONS
Our team of property investment specialists have compiled a list of the most frequently asked leasing, financial and property questions.
The tenant’s first contact with your property is through marketing. Quality photography and first-rate copy writing will make a great first impression. The importance of an attractive signboard cannot be overstated. Brochures and floor plan are important optional extras.
It’s important to start the marketing with an appropriate asking price. Too high a start and many potential tenants will be scared off never to return. Of course too low and you’ll be giving your money away. We are always studying the market so we can be in a position to offer you accurate advice, saving you time with a vacant property.
Our tenancy application is proven to establish a true appraisal of any potential tenant. We follow up all relevant credentials and references to make sure the tenant will be able to pay the rent on time, care for the property and be willing to co-operate if there is a problem.
A holding deposit can only be accepted once the tenant is approved. In NSW a holding deposit means the tenant has 7 days to complete documentation or forfeit the deposit. During these 7 days the landlord is not permitted to rent the property to another tenant. This effectively means that once the deposit is accepted so is the tenant.
Preparation of all necessary documentation including tenancy agreement (with special conditions to safeguard the property and landlord), condition reports, strata by-laws (if applicable), rental bond lodgement, tenant checklist and key receipt.
SIGNING OF TENANCY AGREEMENT
Before the tenant signs the tenancy agreement we make sure they are fully aware of their responsibilities. Our 15 point check list is very thorough and clearly explains our expectations.
Should you consider allowing pets we will include the following special conditions,
The tenant will make good any damage caused by their pet
Carpets will be steam cleaned and fumigated at the termination of the tenancy.
We are not, however, allowed to increase the bond more than 4 times the weekly rent.
All of our statements are processed on the last working day of the month as standard. The Landlord Statement is prepared showing all monies collected for the month less all expenses that we have paid on your behalf. The balance of funds will be deposited to your nominated bank account and the statement forwarded to you via email. At Property Quarters we understand that every landlord’s needs are different and we are very willing to accommodate your particular requirements.
As part of our service in managing your property we are available to pay all expenses relating to the property.
Water usage can be invoiced to the tenant where the property is separately metered and water saving devices have been installed.
BUDGETING & PLANNING
An essential part of property investment is budgeting and planning. We prepare an annual budget and review actual income and expenses on a quarterly basis. These results, any possible rent review and other property matters will be discussed with you at least quarterly either in person or over the phone.
We conduct two routine inspections per year. You will receive a written report with photos.
REPAIRS & MAINTENANCE
It’s important to maintain the condition of the property and the relationship of the tenant by acting quickly on all items requiring maintenance or repair. Even if we have instructions from you to act on your behalf we will first try to contact you.
Feel free to get in touch!
Want to know what your property could rent for in today’s current market?
Sure we can do that, we can also advise you on how to tweak the overall presentation of your property to give you an even better chance at a great tenant and rental.
Obligation and cost free, we can set up a time to visit the property and within 48 hours send you a detailed report on the rental market in your area and where your property fits in.
At Property Quarters we know how to manage your property so you can rest easy and relax.
Call, email or leave a message now!
LocationPO Box 340, Double Bay NSW 1360
Phone(02) 8866 5000