28 Jul 14
Keeping the Peace Between Tenant and Property Owner
As the Wollongong rental market tightens and rental properties become harder to find, it is becoming a challenge for a disreputable tenant to find somewhere to live.
All Residential Real Estate arre.com.au are the market leaders for property management in the Illawarra region and there is good reason for that. We dedicate our time and energy to maintaining a good connection with both our property owners and tenants alike to ensure they are happy. We regularly receive positive reviews from our tenants as well as our owners!
The average rent of our managed properties is 8% higher than the market average. Our vacancy rate is currently 0.53% which is less than ¼ of the Wollongong average of 2.4%. This translates directly to better returns for our property owners.
We are so confident of our success in delivering a high quality service that we offer a Service Guarantee of three months free management should you be dissatisfied in any way. This is in addition to the three months free management we offer to all new property owners.
As we mentioned previously, the options for would-be renters in the Wollongong area are decreasing, making it a more suitable market for property owners to source an appropriate tenant who is looking for tidy rentals.
The assessment of a prospective tenant starts right from the outset. A tenant who is serious about their application will present themselves in the best light. Just like they were going for a job interview their clothes and grooming should be neat and clean.
The formal application itself requires the applicant to provide personal details such as full name, date of birth, current and previous addresses and current and previous employment.
Because of the quantity of applications we receive, we give priority to fully completed applications. A complete application will also include 100 points of identification, pay slips and bank statements, as well as employer, personal and previous landlord referees. This allows us to thoroughly check an applicant’s ability to pay the rent, previous payment history and care of previous homes. We check every single reference by phone.
We also subscribe to a tenant default database which is accessed by real estate agents all around Australia. If someone ever leaves a property owing money, they are put on to this tenant-default database, so we check all potential tenants to ensure they are not black-listed on this database.
Our thorough application process allows us to provide each property owners with a selection of the most suitable tenants for their property, so they get good reliable returns from their investment property and peace of mind! And it helps our tenants too because it ensures we don’t put tenants into a property they can’t afford or will struggle to look after!