Property represents a very secure, sound, long term form of wealth creation. As such, many people are turning increasingly to property investment to secure their future. A well managed investment can offer many advantages including income and capital growth.
But being a landlord is not the easiest task. There’s lots to know and always something to attend to. It is important to be aware of the responsibilities of managing your property investment.
Our Property Managers can advise on current rentals for your property type and area, and set a rental rate to give you the greatest return on your investment.
What services do the Blocksidge property management team offer landlords?
- Rental appraisals
- Advertising your property
- Conducting inspections – open for inspections, inspections by appointing, entry inspection, routine inspections, and vacate inspections
- Tenant screening
- Tenant application verification and processing
- Property condition reports
- Rental collection including arrears management
- Recommend and organise maintenance
Frequently asked questions from landlords
What is a property condition report?
This is a report that is compiled at the commencement of a tenancy prior to your tenant moving into the property. This report outlines the condition of the property at the commencement of the tenancy and is used when the tenant vacates to ensure that the property is left in the same condition.
This is the last inspection carried out as soon as possible after the end of a tenancy, when the tenants have returned their keys. The Property Condition Report is used at this inspection and each item is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.
What is a Routine Inspection?
Routine inspections are conducted after a tenant takes possession of the property and are conducted every six months. These inspections are essential to ensure that your property is being maintained to an acceptable standard and to identify any maintenance that may be required. A copy of the routine inspection report is forwarded to you after each inspection and should it be necessary, a member of the Blocksidge Property Management Team will contact you to discuss items noted on the report.’
What happens when a tenant stops paying rent?
When a tenant falls behind in their rental payments they are issued with a notice of breach advising them that they are behind and requesting that they rectify the problem. If this is not done within the stipulated time period then a termination notice is issued requiring that they vacate the premises.
How do tenants pay their rent?
Tenants have several options to pay their rent, leaving no excuse for late payments.
– By cheque or money order
– Direct debit from their nominated bank account, we will supply the tenant with details to arrange an automatic transfer using the DEFT payment system
When does the rent money get paid into my account?
At the end of every month all monies held, unless instructed otherwise, is paid to you by way of direct debit to your nominated bank account or by cheque. A statement is issued at the same time outlining the debits and credits for that month.
Why appoint a Blocksidge professional property manager?
Our team of inner city Brisbane property managers focus on increasing the rate of return of your investment property and making your experience a rewarding one. A well maintained property has greater appeal and achieves higher rental yields than a poorly maintained property. Maintenance issues can also become expensive if not handled quickly and correctly.
A helpful resource for all property owners and landlords is the Residential Tenancy Authority’s website. Owners and landlords can find current legislation and relevant information for all matters relating to tenanted property.