Proper management of your rental property is key to gaining the most from your investment. This means staying on top of responsibilities as a landlord, which can be difficult if you have a busy schedule. In this case, a professional real estate manager is the best option. Several agencies on the Central Coast offer property management with experienced staff.
If you are building up your investment property portfolio or adding rental income to your family trust, consider a professional real estate agent to take the hassle out of self-management. Owning a rental property can cause financial hardship, especially when rent is not paid on time. The best solution is to assign a property manager to look after your asset, so why not let a Central Coast agent handle your nest-egg?
As the Central Coast rental market grows, local agents offer money-making opportunities to clients seeking retirement profiles. From start to end, realtors provide a complete estate package by delivering accurate rental appraisals on properties prior to purchase. This gives investors knowledge of a property’s rental potential. Your selected agent will find the best investment for you, with maximum financial return capacity. They will take you through the contract and settlement process and provide full rental management upon completion of sale.
Central Coast agencies offer professionally trained staff who deal directly with current or prospective tenants, taking the stress off owners. Your vacant property will be advertised online, in local newspapers, and office rental lists. Open house inspections will be carried out to maximise your chances of finding a good tenant. Applications are thoroughly checked for blacklisting, and rental references are called. The best submissions are then handed over, giving you the final say in accepting new tenancies. Once a new agreement is signed, a rental bond of 4 weeks rent is held in trust with the residential tenancy authority, and 2 weeks rent is collected in advance. Your property manager will continue collecting fortnightly payments, dealing with repairs and maintenance issues and responding to all tenant queries—including complaints. If rental arrears arise and eviction is considered, your preferred agent will deal with bond disputes, attending court in your place.
If you have a set of rental units, or a large real estate portfolio, it can be difficult to keep up with landlord responsibilities, like routine inspections and body corporate issues. Many agents on the Central Coast successfully manage large rental rolls for clients, and some offer management fee discounts for more than one property, so ask your preferred agent about their fees and costs.
Property agents write condition reports to provide evidence of any damages caused during a lease period. Three monthly routine inspections take place, and final inspections are done before a rental property becomes vacant again. Before a bond can be refunded, your property manager will first ensure compulsory exit procedures have been completed, including carpet cleaning, pest control and submission of a condition report.
The following services are offered by property managers on the Central Coast:
Preparation of tenancy agreements, Finding reputable maintenance companies & carrying out repairs, Lodgment & refund of bond with the Residential Tenancy Authority, Rent collection & emailing monthly trust account receipts, Routine & final vacating inspections, Negotiations for rental increases, Water usage calculations & collections of excess water fees, Preparation of financial statements & yearly income earning reports for tax purposes, Court appearances for evictions & small claims tribunal hearings,
Contact your local agent today for hassle-free management of your investment properties.
