28 Dec 12
Some assets such as jewellery and precious stones appreciate in value while they are locked away in bank vaults and personal safes. They can sit in the dark for a hundred years, and still be as beautiful and valuable as they were when first put away from prying eyes. However, other assets, like buildings, deteriorate even when not in use. For this reason, anyone moving from their family home for work or other reasons should never let the property remain unoccupied.
Preparing the dwelling for property management is the best option. Keeping the property tenanted will bring in income to offset the cost of holding it. Any repairs needed are looked after by the property management agency which also ensures the property will not fall into disrepair. It will also keep vandals and squatters away from the property, and protect the integrity of the insurance cover.
Good Tenants Love Clean and Tidy Properties
To get the best outcome from the property management experience it is essential that the dwelling, regardless of its type, is prepared properly to hand over to the agency. All Residential Real Estate recommends a range of preparatory actions that will attract more tenant applications. This gives the owner a greater choice when selecting a tenant and gets the property leased quickly so that it doesn't sit unoccupied. It also allows the agency to prepare a thorough condition report, which reduces the likelihood of disputes with the tenant further down the track.
The owner should first make sure that the property is cleaned throughout and in good repair. If the house does not need a complete repaint, the walls and ceilings should be washed to remove any dust and stains. Windows must be cleaned both inside and out, and all tracks cleaned and free from dust buildup. Light fittings, ceiling fans and flyscreens must also be clean and dust free.
Inside the house, the stove tops, oven and range hood should all be thoroughly cleaned and free from grease. The bath, shower and toilet must be clean and deodorised, with the grout on all tiles cleared of any mould. Floor coverings, curtains and blinds should be washed and carpets professionally cleaned. The exterior walls of the home must also be washed and any cobwebs removed. Oil and other stains should be removed from paths and driveways, fences made secure and garages and sheds emptied and cleaned.
Quality Advertising Attracts Applications
With all these preparations now complete, All Residential Real Estate will photograph and/or video the property as the first step in a high quality marketing campaign to attract the best tenants. All advertising media are used but their website is the primary method of showing the property off to its best advantage. With descriptive text accompanying the photos and key words appropriate for search engines, the web campaign is highly effective as most people now use the internet to search for property.
The Property Management agency assesses all the applications by checking employment history, income level, references and credit history. All Residential Real Estate checks every applicant with the same level of thoroughness, so the owner can be sure they are getting a tenant who will pay the rent and look after the property. Their property managers monitor and compare rents in the area and are skilled at negotiating for rent increases at the appropriate times.
All Residential Real Estate has set high standards for their property management services. They offer their clients premium rental returns, good reliable tenants, low vacancy rates, well maintained properties and regular communication with the client. With the confidence born of certainty, the agency offers a guarantee of three months without management fees if a client is not happy with their service. Check out the guarantee at www.realestatewollongongnsw.com.au before you make a decision about who will look after your rental property.