If you’re looking for an experienced professional company to manage your investment property we can help.
To find the right tenant for your investment property, we’ll design a comprehensive marketing strategy to gain the maximum exposure and attract a number of quality applications.
Elders Property Management Services have perfected a stringent selection process used throughout our office Australia-wide. This involves:
We generally shortlist applications to between one and three prospective tenants and provide you with our professional feedback so you can make an informed decision.
Once a successful tenant has been selected, we commence the relevant paperwork on your behalf, including the residential tenancy/lease agreement and a written Property Condition Report, and collect the bond and first rent payment then issue the keys. We then continue the ongoing management of your property, which includes collecting rent, conducing rent reviews and property inspections, organising repairs and maintenance and preparing end of financial year statements for you and your accountant or financial advisor.
Your tenant is required to pay rent in advance using our easy and convenient options. They can make payment with a direct debit or by producing a cheque or money order at one of our offices. Our system notifies us immediately if a tenant falls behind in their rent and we use a variety of methods to communicate with them to issue reminders and follow-up on late payments.
We regularly review the current rental market to maximise the ongoing profitability of your investment.
Inspections are carried out before, during and after your tenants’ tenancy period. A detailed Property Condition Report is prepared before a tenant moves in, including photographs if necessary. This report is used for comparison when the tenant leaves to make sure the property is returned in the same condition. We also undertake regular routine inspections throughout the tenancy to ensure the tenant is taking care of your property. You are welcome to attend these inspections if you choose.
When repairs and maintenance are required, we’ll liaise with you and your tenant, provide our recommendation to you and, upon your approval, we’ll organise licensed and insured tradespeople to carry out necessary work. We’ll personally inspect any major repairs and report back to you. We also issue you with a recommended schedule of routine maintenance to keep your property at peak condition to maximise your rental income.
We produce end of financial year (EOFY) statements in July that summarises income and expenditure for the financial year.