The better condition a home is in the better quality tenant it will attract.
The following are recommended steps to prepare your property:
Your Property Manager will be happy to discuss any necessary repairs or maintenance concerns with you. They are knowledgeable about cost effective ways to provide the best care for a property. They know what tenant’s desire and how best to meet those concerns.
We will initially contact our database or tenants. Your property will also be advertised on our website, and the listing is syndicated to many other national and local websites. The ads include specific information about the property, including a list of amenities, size and weekly rent. We also have regular contact with relocation agencies and the human resource departments of many of the region’s largest companies. Your property will enjoy broad exposure to the market.
There are a variety of factors that influence how long it will take to find a tenant for a particular property, including:
We will be advising you on each of these factors and providing you with detailed feedback. Under normal circumstances and notwithstanding any considerable issues it will normally take two to four weeks to lease up a home.
The move-in cost for a tenant is typically the equivalent of six weeks rent. This includes the first two weeks rent plus four weeks bond. The bond will be held by the Residential Tenancies Authority. In most cases, the tenant, upon move-in will place all of the utilities in their own name. A bond is never paid in lieu of the last month’s rent and should not be referred to as such.
By eliminating pet owners you are probably eliminating 65% of the people in the market for a rental house! Being open to pets makes your property available to more potential renters.
All of our properties are smoke free, and this policy is spelled out clearly in the lease agreement.
Please do not ask your property manager to discriminate against children or families. It’s against the law.
We have a zero rent arrears policy. We send daily reminders and if the rent is not received by the eighth day, we breach the tenant and take the first step in the eviction process.
Statements to owners, along with their monthly disbursement proceeds, go out in the first week of the month.
Monthly disbursements are deposited directly into your bank account and monthly statements can be received via email.
A security deposit, known as bond, is taken at move-in in order to minimize the risk of tenant damage. Tenants who pass our screening criteria generally do not create any damages over the amount of the security deposit. Our screening process checks credit, eviction records, employment and rental history.
We also perform a complete move-in/move-out inspection of the property, also known as an entry and exit condition report. This includes written documentation of the property condition and digital photography.
Should the tenants leave the property owing more than is covered by the security deposit, they will be billed. If they do not pay, the owner may choose to pursue the tenant for damages and the account can be turned over to a collection agency.
It is important for tenants to understand that a lease is a legally binding contract. Breaking legal agreements you’ve consented to can have significant and costly repercussions.
According to the terms of the lease agreement, the tenant is responsible for the rent for the duration of the term of the lease. If the tenant leaves prior to the termination date, they will be charged for the rent until the property is re-rented to acceptable persons under the same terms and conditions of the original lease. They are also charged a break lease fee and advertising costs.
It is the landlord’s responsibility to attempt to re-rent the property as soon as possible in order to minimize the tenant’s costs.
Tenants have access to emergency tradespeople whom they can contact if there is an after hours emergency. Your property will receive prompt attention with minimal inconvenience to your tenants. You will never be called in the middle of the night!
We use a variety of outside contractors depending on the work that needs to be done. Many of our tradespeople have been with us for years and are available 24 hours a day for emergencies. They work at competitive rates and are licensed and insured as appropriate to their profession. You are billed for exactly the amount of the invoice; we do not charge for supervision of normal repairs. If still preferred, we can use your own contractors. However our standard procedure of obtaining a supplier agreement and necessary license/insurance documents will apply.
For more information on renting your property give us a call on 3737 0000 or email firstname.lastname@example.org