Processing Application(s) for Tenancy
Our aim is to secure the best possible tenant for your investment property by following strict guidelines in tenant selection:
- Thorough reference checking of all applicants, including enquiries through the database of the Tenancy Information Centre of Australia, of which we are a member.
- Personal interview with applicant(s)
- Proven screening methods from our many years of experience, together with reference checks and employment verification.
Preparation of Tenancy Agreements
- Prepare Residential Tenancy Agreement
- Lodge Rental Bonds with Department of Fair Trading - (Rental Bond Board)
- Detailed Condition Report including the use of a digital Camera when required.
- An appointment is made with tenant/s to sign the Tenancy Agreement and explain the conditions of the lease in full detail.
We produce a daily report, which details any tenants who are behind in their rent. By closely monitoring tenants in arrears, we find most respond to either a phone call or a reminder letter. If a tenant does not respond or make an arrangement with our office they may be served with a termination notice once their rent is behind 14 days.
- We advise the owners of all upcoming vacancies and take this opportunity to discuss any maintenance and review the rent based on the current market, taking into account such factors as current market rental, the vacancy factor, similar properties in the area, the general condition of the property and the quality of the tenant and the length of their tenancy.
- Full internal and external inspections are carried out at the end of each tenancy. All bond monies are withheld until both parties are fully satisfied with the condition of the premises.
- All properties are inspected at the start and completion of tenancy when a carefully detailed Condition Report of the property is carried out. These reports provide the basis for resolution of future problems regarding the state of the property when a tenant vacates the premises.
- Full internal and external property inspections are carried out twice yearly with a written report. The report indicates the condition of the property and any upcoming maintenance or renovation work which may be required in the near future. By performing regular inspections we also find that you are better able to budget for larger items of expenditure.
Maintenance and Repairs
- Should any maintenance or repairs be required on your property, we are able to recommend qualified tradespeople at competitive prices. Only tradespeople with up to date Insurance and GST compliance are recommended.
- We offer a fully computerised service for the processing of your funds. On the last working day of every month, we disburse rental monies directly into your nominated bank account. On this day a statement of account is sent to you detailing all rent and other funds collected and any disbursements paid on your behalf.
Additional Complimentary Services
- All general inspections
- All Condition Reports at the commencement of each tenancy
- All final inspections
- A full financial year summary statement
- Appraisals of properties for lease and for sale
- There will be no charges applicable on the transfer of the Management to our company
Why You Need a Property Manager
When you engage the services of a Property Manager who is a member of the Real Estate Institute of NSW (REINSW) you are assured that your investment will be managed professionally.
REINSW members are constantly updating their skills by attending on-going education programs designed to keep them up to date with legislative changes and market trends.
Peace of Mind
When you engage the services of a professional to manage your property, you have peace of mind knowing that you are assured a maximum return on your investment. When using a managing agent you avoid direct confrontation with the tenant and should there be a need for representation before the Residential Tenancies Tribunal, your managing Agent is able to act on your behalf.
Our agency is a member of the Tenancy Information Centre of Australia (TICA). This is a national database that lists people with a history of non-payment of rent and/or damage to properties. By agents registering these tenants on this database, you are assured that they will not be considered as tenants for your property.
A thorough understanding of the Residential Tenancy Act will reduce the risk of non-compliance with these Acts, saving you from facing the possibility of severe financial penalties through non-compliance.
Fitzpatricks Real Estate has been based in Wagga Wagga for more than 50 years, establishing the firm as a reputable and respected Real Estate Company. Our local knowledge and extensive experience in the area is the difference between an average rate of return and an accelerated rate of return on your investment.
As such we are keenly aware, not only of current lease and sales values in the district, but of government planning, council regulations and the many other factors that can affect the sale or rental value of your property.