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| Call Us On (07) 3848 3424 |
| Information for Landlords How much will it cost for you to manage my property? Every property is different and most landlords’ requirements are different. Therefore the fees vary based on individual requirements. An assessment by us of your needs so we can provide you with the best service will be carried out prior to a management agreement being put in place. How long will it take to find a tenant for my property? We will commence marketing your property the moment you place it in our hands. Within two days your property will be advertised on our website and crossed matched with our tenancy database. Our goal is to find the most suitable tenant in the shortest time possible for the highest possible rent. How do you qualify prospective tenants? Our tenant prerequisite process includes:
Do I have to insure the property or does the tenant do that? As the property is within a strata title structure, the Body Corporate insures the building, but you should have content insurance for the carpets, blinds, curtains, light fittings and any other appliances inside the unit. The tenant is responsible for their own personal effects but not for the landlords belongings. An owner is also required to have public liability insurance cover, minimum of $10,000,000, for the property. Can you guarantee that the tenant will pay the rent on time and won't damage my property? Unfortunately, no agent can guarantee that because sometimes something totally unforseen can go wrong with the tenant, such as change of employment or relationship breakdown The key to an Agent reducing the possibility of these incidents occurring are:
The key to an Owner protecting themselves in the event that an incident occurs is:
You may currently have landlord’s insurance on other investment properties that you own. Please ensure that you extend your policy to include your new purchase at Tennyson Reach. If you do not currently have landlords insurance below are two companies that you may like to contact as a starting point:
What happens if the tenant doesn't pay the rent on time?
In all instances, we will keep you informed of any arrears. How promptly do you process your monthly rent statements and pay me my money due? We process rent statements once a month – on the 30th of each month. Your money can be deposited electronically into your bank account within 2 business days of these dates. Should I rent my property furnished or unfurnished? Renting out an apartment furnished or unfurnished is an individual decision. It is quite often the case that a furnished apartment will attract a higher rent as it can more readily be pitched at corporate clients who may have personnel that they relocate on a mid to long term basis. However, it is also quite often the case that furnished apartments take longer to rent out because the demand in the market for furnished apartments runs in a narrow band. We will be promoting Tennyson Reach to relocation companies, such as Relocations Queensland and Toll Transitions that this is the perfect place for their clients to consider relocating to. We will also be increasing our profile in the area with national companies who would see Tennyson Reach as an ideal location. How do I go about furnishing my property? There are many companies who can assist you in putting together furniture packages for your property, whether you rent the furniture to suit the term of the tenancy agreement or you purchase the complete package up front. Below are just two companies for your reference:
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