As a Property manager in Brisbane, I can attest to the difficulty of the current rental situation for tenants. Finding and securing a rental property is difficult because demand is at an all-time high. Tenants can improve their chances of finding their ideal rental property by taking certain actions, however. In light of the current rent crisis, here are the top five things that tenants should do:
Tenants should be well-organized and ready, as there is a lot of competition for rental properties. This includes having references, income documentation, and identification ready and available. Tenants who are well-prepared will be in a better position to act swiftly once they locate a suitable rental property, which is especially important in the current market. Have all of this information ready to submit upfront so that the agency in question doesn’t need to spend days running around for you.
Flexibility in property type and location is especially important in the current rental market. While tenants may have their hearts set on a specific neighbourhood or style of rental property, they may fare better by being flexible and open to exploring other options. Tenants can gain additional insight into their options by working with a Property Management Brisbane team.
The rental market is competitive, so it’s important to take the initiative in finding a place to live. This entails persistently monitoring online listings, making use of open houses, and signing up for property alerts. Tenants who turn up early, make themselves known to the agency as a great potential tenant that carries the right attitude will stand out from the crowd.
Be Truthful- Tenants should provide accurate information about their rental application, including their income and employment status. Property managers Brisbane will throughout check the information provided so if you have any challenges with your supporting documents, ask to speak to the property manager Brisbane and see if there is a solution that you can offer the agency.
You’re APPROVED – This is not the end of the process but rather the start. Building up a strong relationship with your property manager in Brisbane will ensure that your next application is supported by the agency. Ensure that your rent is paid on time and get the rent transfer dates set correctly. Be a pleasure to deal with. The reference that this agency offers to the next time you want to move into the property is the Number 1 thing that agency will look to, when decided your conduct as a tenant.
Tenants in Brisbane need to be proactive, flexible, honest, communicative, and prepared in order to secure their ideal rental property in light of the city’s current rent crisis. Finding a good rental property in the current market can be difficult, but working with a property manager in Brisbane like Locate Property can help you throughout this journey. Make yourself known, come in an introduce yourself anytime. For other tips, the REIQ can be a great resource.
When Australians think about what goes into managing a rental property, we mostly tend to think about keeping the property maintained and merely collecting rent not the actual property manager themselves.
However, in reality, it can be a complex headache that bogs down the uninitiated. This is where a property manager can step in and ultimately save the day.
What’s so complicated about managing a property? And how does hiring a property manager simplify it?
A property manager will manage the aforementioned tasks for you, so why not take advantage of the training and experience they have to offer.
Understanding and Keeping up With the Law
Are you familiar with the Residential Tenancies Act? Have you studied it comprehensively? It might be worthwhile letting someone who knows what they’re doing, handle it for you!
New legislations are introduced, while existing ones are amended all the time, a property manager’s job is to stay in the loop at all times. Detailed and working knowledge of the law will protect you, your property, and your investment.
A property manager will act as a valuable buffer between you and your tenants. From the very first step of finding the right tenant who will pay on time, and enhance the value of the property by taking care of it, to stickier scenarios revolving around disputes and breach notices.
A property manager will ensure you create goodwill and good relations with your tenants, whilst not having to engage personally with every single resident.
Repairs and Maintenance
It feels easy enough on paper, practically it’s an entirely different story. You need to have experience when it comes to tackling such problems, and frankly, most of us don’t have that.
It is far more likely that a Property Manager not only knows the best crew in the immediate area to efficiently repair and maintain your valuable property but will also get you the best price for it.
Property Managers are an invaluable asset, and completely worth the extra cost.
Number of Properties
If you have multiple rented properties that need looking out for, hiring property managers becomes a requirement. It is impossible for a single person to take care of multiple properties.
A property manager is no longer a luxury, it’s a business decision that ensures efficiency and profitability.
Property Managers Cost
Most Property Managers in Australia will charge a tax-deductible percentage fee on your rent earnings for your property management.
Which is totally worth the trouble, in fact, you end up saving money if you factor in the amounts saved by getting reliable repairs, maintenance and good tenants.
A property manager will take care of everything for you, starting with advertising the rented space, employing background checks on prospective renters, collecting rent on your behalf, maintaining the property, repairing as required, and handling all the complaints in an efficient manner.
Hiring a Company is Better Than an Individual Property Manager
You want a company working for you that is tried and tested. A company that has a dearth of experience to offer, lower prices and better management of rented properties. Your prize investment deserves an expert looking out for your best interest.