It may seem tempting to manage your property yourself and skip the fees, but that’s where the temptation should end. Self-managing your property is high risk and is likely to cost you more in the long term. It also takes away your freedom and steals time that could be spent elsewhere in your life.
Managing property needs to be done correctly. There are a number of disciplines and processes involved and statutory requirements that have to be met. All activities must be conducted in accordance with the Residential Tenancies Act and its numerous amendments and there are multiple areas of compliance that need to be satisfied to avoid costly penalties.
For a property to be managed successfully our team expertly navigates the following:
- Advertising and marketing
- Letting – management of enquiries and property viewings
- Tenant application management and vetting processes to ensure your tenant is able to satisfy their obligations and pay the rent.
- Set up and administration of Tenancy Agreements
- Production and execution of Tenancy Agreements
- Facilitate Healthy Homes and other property reports
- Facilitate required Healthy Homes upgrades and changes.
- Property handover
- Routine inspection and reporting
- Maintenance management, both proactive and reactive.
- Organising and managing of trades people and contractors
- Collection of rent and outgoings
- Preparing of accounting statements and disbursement of funds
- Tenant performance management, rent reviews and Tenancy renewal management
- Issuing of general notices, breach notices and body corporate notices as required, in accordance with the Residential Tenancies Act
- Final/Vacate bond inspections and bond refund process
- Property preparation and turnaround at the end of a tenancy to ready for a new tenancy
Freedom Property Management has an experienced team to take care of this for you. We make sure that your property is reaching its best return and we help manage your risk.