What information must be contained in an end-of-month landlords statement?
Agents involved in property management (and owners who manage their own properties) must possess a thorough working knowledge and understanding of this Act, as well as other Acts of Parliament. Show With the ongoing changes in legislation,it is more important than ever tohave your property managed by a fully qualified professional Property Manager. The Residential Tenancies Act has complex rules and regulations relating to property management. Our Property Management department is informed and fully trained in all aspects of the relevant legislation to provide peace of mind to you, the investor. PROMOTING YOUR PROPERTYA prospective landlord and/or tenant anywhere in the world can push a button and view your property. The internet has proven to be the best form of promotion. It has far reaching capabilities with tenants all over Australia (and even the world) being able to access your property on line. Clearly the role of the internet has changed the way we market real estate. Due to its immediacy, a newspaper advert can be cold news in 24 hours – our days on market for leasing are continuing to come down due to the internet’s swiftness. As soon as the management authority is received, we upload your property on the Our own website, which shows all of our current listings. It is receiving thousands of hits per month – a user friendly web site. www.realestate.com.au www.domain.com.au www.rent.com.au Rental List Prospective Tenant Register Open Homes For Lease Boards Word By Mouth / Reputation SELECTING THE RIGHT TENANTWe are particularly discerning when it comes to maintaining the quality of tenants for our managed properties. Our detailed screening process aims to establish that tenants can meet the responsibilities of the tenancy agreement. A mathematical formula is used in conjunction with reference checks. Tenant selection is in accordance with laws covering discrimination, residential tenancies and privacy. We ensure that all references are checked and a comprehensive selection of information is provided to confirm applicants’ identities. Tenant Reference Checks – A MUST! LANDLORD PROTECTION POLICYWhilst we make every effort to ensure the tenant you have selected is going to be the right tenant, unforeseen circumstances can change the ability of a person to pay rent or cause them to act in a way that is totally out of character. As Real Estate Agents, we would strongly recommend you consider taking out a Landlord Protection Insurance Policy. This policy will cover you for things such as a tenant defaulting on their rental payments,malicious damage, accidental damage and public liability. The Landlord Protection Policy offers a range of benefits and features in addition to those found on standard policies, all at a competitive price. The question is, can you afford not to have it? You can also combine your landlord insurance policy with your building policy for a more competitive rate. There are different policies offered by several difference companies in the market place. We can refer you to these companies to enable you to discuss the policy that best suits your needs or you may wish to make your own enquiries via the internet. OUR SERVICE TO YOURegular inspections are a major part of how we care for your investment property, ensuring that you achieve continual occupancy and maximum return. When we list your property for lease, we will provide you with a checklist which outlines your requirements and also our expectations in terms of the way the property is presented for lease. Prior to the commencement of each new tenancy, a condition report is prepared.This thoroughly details all aspects of the property, including an inventory if applicable. Routine inspections of your property are made regularly depending on your needs As mentioned above, the role of imaging within smartphonesand tablets has enabled us to take as many digital photos as required for routineinspection reports. Following each routine inspection, you will receive a comprehensive report on the Firstly to bring to your attention to any immediate maintenance needs and Secondly,to inform you of any preventative maintenance or refurbishment that may be beneficial. Thirdly, we can gain an accurate assessment of how the property is being maintained by the tenant and also what their future intentions are regarding renewal of their lease. It also provides us with an opportunity to consider a rent increase if required. Please note that we are not building inspectors but have a keen eye. Owners can then forecast and budget accordingly, for any upgrading work suggested in the report. LANDLORDS BE AWARE!Neglect of minor repairs can often lead to major expenditure and the loss of a good tenant. Our attention to maintenance will ensure that problems are resolved quickly, by qualified tradespeople and at a reasonable price with a limit determined by you. FINAL INSPECTION GUIDEWhen tenants vacate the property, we carry out a final inspection ensuring that they leave it in an acceptable condition and in accordance with the ingoing condition report. WHAT WE WILL DO FOR YOU
RENT REVIEWS AND LEASE RENEWALSWe want your investment working for you. That’s why your tenancy agreement is closely monitored to ensure you gain full advantage of current rental market trends. It is most important for us to constantly monitor the rental pricing market and review the rental prior to the expiration or renewal of each tenancy agreement. Why? Because we must help you maximise your investment return. For those leases that are periodic, that is on a month to month basis, we will contact you via mail every six months advising you if a rent increase is applicable. For periodic leases,rent increases can be applied every 6 months PAYMENTS AND STATEMENTSTo help maximise your rental return, we ensure payments are forwarded to you promptly each month. There are 2 payment runs available depending on the frequency the tenant pays rent. We will place you on the most suitable payment run to get rental funds to you as quickly as possible. Statements can be emailed or posted (with copies of invoices attached). Council rates, water rates, body corporate fees and insurance premiums are just some of the accounts that can be paid on your behalf from received rental monies. We encourage and educate tenants to pay the full rental amount when due, to ensure that your investment is working for you. This is somewhat alleviated by the fact that the majority of our tenants pay their rent by direct deposit into our bank account. DID YOU KNOW?
IN CONCLUSIONYour financial well-being is our highest priority. This information booklet is not intended to be exhaustive with regard to all of the property management services offered by One Agency The Forest. However, it is intended to give you sufficient information to emphasise the importance of having your property comprehensively managed on a full-time basis by the most qualified property manager based in your region. What information must be contained in an end of month landlord's statement NSW?End Of Month Statements
Rent collected. All outgoings ie maintenance, council rates etc. Management fees. Monies forwarded to your nominated bank account.
What is an owner's statement?What is an Owner Statement? An Owner Statement is the financial breakdown of what occurred in a clients portfolio. It is sent to our investors on a monthly basis. It gives details of all the financial activity that has happened with their portfolio over the past month.
What is a property income statement?A rental property income statement is a report that shows income and expenses by month, along with a running year-to-date total and year-end summary. Also known as a profit and loss statement (P&L), the income statement reports whether a rental property turns a profit or generates a loss.
What documents must a landlord provide by law UK?The landlord must provide you with:. A copy of this guide 'How to rent: the checklist for renting in England' as a printed copy or, if you agree, via email as a PDF attachment.. A gas safety certificate. ... . Deposit paperwork. ... . The Energy Performance Certificate.. |