This week Tammy interviewed Giulia Kareta the Department Manager of the Property Management section of LJ Hooker Walkerville/Modbury to discuss common questions that Adelaide property clients want answers to. Here is what she had to say:
What is one of the most important things to consider when choosing a property manager for your property?
Choosing the best Managing Agent for your most valuable asset is a daunting task. There are many things to consider for your Adelaide property, but firstly decide what is important to you and initially have those addressed. For example:
- Is there a process in the office for managing rent arrears? What is the % of rental arrears for tenants 3 days and over?
- How is maintenance reported an actioned including after-hours issues? Can we use our own trades?
- How often do routine viewings occur and are photos taken?
- Who will be our property manager and are they certified? If our property manager is not available who will be looking after our property?
- Are there senior and experienced property managers working in the office?
- How do you select a tenant and do I have a choice?
How can our clients attract good tenants and ensure the best returns on their Adelaide property?
There is no doubt that well-presented properties achieve top rents and usually attract the best quality tenants. This adds up to a higher investment return, together with fewer and shorter vacancy periods. Landlord insurance cover is essential as no one can predict the future.
Ask your agent for a checklist so they can assist you ensuring that all the things you are required to attend to are done protecting you and your investment. For example:
- All locking devices must be in good working order.
- Ensure that all gas and electrical appliances and electrical wiring and power points are safe.
- Smoke Detectors must be installed and compliant.
- Air conditioners, heaters and alarms etc are to be serviced and in good working order unless excluded from the tenancy.
- Tend the gardens, mow the lawns and clean the windows, paths, gutters and outside paintwork.
- Repair or replace damaged silicon in wet areas, leaking taps, sticking doors, broken light fittings, loose door handles, clear gutters.
- Install and repair flyscreens on all opening windows.
- Leave power on until a tenant is secured so the home can be bright and inviting for inspections.
- Supply all manuals or written instructions for the tenants use.
- Have the property clean including carpets.
What happens when you sell a property with a fixed term lease?
The tenant is allowed to remain at the home until the end of the lease. The owner cannot force the tenant to leave however, the owner and the tenant can negotiate for them to move out before the lease end date.
If the landlord intends to sell the home during a fixed term lease, the tenant must be advised in writing within 14 days of signing a sales agency agreement. The home cannot be advertised for sale or shown to prospective purchasers before the 14 days has passed.
If you have any concerns or questions regarding property management, contact Tuckfields today and we can put you in touch with a team of professionals who can help you.