What is included in our FULL SERVICE Property Management, with links to more detailed information.
We make sure your property is meeting all the legal requirements now in force including Healthy Homes requirements.
Taking applications and selecting the most appropriate tenant. Conducting reference and bad tenant checks. Liaising with you for final approval.
Keeping track of rent payments and disbursing them to you. Providing statements and accounting records.
Conducting regular property inspections and providing inspection reports so you are kept informed of any issues.
We will inform you, and manage the process, including conducting final inspections and arranging for recover of expenses and losses from the bond.
We arrange for owner billing of fixed charges from Watercare each year. We monitor tenant payment of water rates directly to Watercare and deal with tenant water rate arrears
We will take photographs, create adverts, and promote your property as required. We will arrange for prospective tenant viewings and open homes.
Creating Tenancy Agreements, and ensuring that all the correct information and accompanying compliance declarations are attached and properly documented and stored.
Following up on missed payments and ensuring tenants do not fall behind on rent and water payments. Taking action to manage and recover arrears.
We will respond to any maintenance requests or sudden problems and arrange for investigation and repair work.
If an arrears situation arises or a dispute is not easily resolved, we will apply for and attend Tenancy Tribunal meetings and hearings on your behalf.
We are constantly monitoring market changes and will review and increase rents in consultation with you. We arrange for agreement renewals, alterations, and additional tenants, as needed and in accordance with legislative requirements.
While using a property manager looks like an extra cost, in reality they save a landlord time and stress, whilst maximising your net rental returns.
Property managers are set up to efficiently look after a property: they have computer systems, databases of likely tenants and tradespeople, electronic payment systems, knowledge and expertise in tenancy law. For a private landlord to fulfil the same functions can take a lot of time, particularly when dealing with problems.
A good property manager will know the current market in the property’s area and so will set the rent correctly. They will then recommend rent reviews at appropriate times, and will advise tenants why a rent increase is justified. Most private landlords let their rents fall behind the market rate. This alone should pay for your management costs.
They will managing tenant queries backed up with good knowledge of relevant legislation. Coordinating all maintenance and repairs. The property manager will have a group of trusted tradespeople that will do the work promptly and to a high standard: many of these tradespeople will rely on that property manager for a sizeable portion of regular work on their rental properties, so cannot afford to do a poor job
Paying the bills for advertising, utilities, tradespeople as well as, of course, paying the net rental income to the landlord with full supporting information.
If you've ever gone without a property manager, you know that your tenants can call you any time of the day or night when things are going wrong. For starters, managers all but abolish the need for your tenants to have your home, cell or work numbers.
This has become a big issue since 2016 with legislative change upon change. It is hard to keep up with all the new forms let alone the legal requirements. A good property manger can keep you on the right side of the law and avoid you being fined. They can also make sure you comply with the least cost.
Collecting all payments efficiently including bond, rental, and any contributions to repairs. It is not as easy as it seems, other things get in the way of you checking... "I will do it tomorrow"!
Avoiding the “nightmare” of poor tenants who won’t pay the rent or disrespect the property. However, if the situation does become that bad, the property manager will have lots of experience plus a thorough knowledge of legislation and processes that will enable them to effectively handle eviction processes. This unpleasant task is better left to someone else if you have too soft of a heart. Your rental properties are your business and you need the money, even if you can understand their plight.
The manager will advertise and show your property, They will interview every prospective tenant, and have the experience to avoid potential troubles (not all of course). They will vet and compare prospective tenants and do reference checking as required.
Your property management service can do all the advertising, as well as arrange for cleaning and touching up that may benecessary after a tenant moves out and before a new tenant moves in.
Director of Transmission Solutions Ltd