Fees
PROPERTY MANAGEMENT FEES
- Home
- Fees
LEASING & PROPERTY MANAGEMENT FEES
FINDING A TENANT
$400 + GST
- Professional property photos and high quality digital editing
- Premium advertising on all leading property sites
- Two weekly open for inspections
- Detailed condition report.
- Background checks on tenants
- REIV Lease agreement contracts.
PROPERTY MANAGEMENT
$99 + GST
- Processing monthly rent payment
- Managing property repairs and/or small renovations
- Conducting urgent repairs
- Tenant inspection twice a year
- Preparation of digital inspection reports that landlords access with online login
- All reports available online
- Monthly statements provided via email
WHAT ELSE IS INCLUDED?
- We provide an estimate of potential rental income
- Recommend marketing and advertising
- Advise on how to appeal to prospective tenants
- Arrange “For Lease” boards along with advertisements
- Promotion of property to agent database
- Preparation of regular reports for prospective tenants
- Conduct property inspections
- Thorough tenant application database checks
- Submit tenant offers and recommendations
- Ensure property condition reports are prepared at the start of lease with photos/videos included as well as the location of smoke alarms
- Prepare the lease and signing between the landlord/agent and tenant
LEVEL OF SERVICE
- Monitor, collect and account for rent
- Lodge a bond or bond claim with the RTBA at the beginning or end of a tenancy
- Conduct visual property inspections and reports
- Arrange for property maintenance, repairs or renovations
- Project manage any maintenance or renovations above $5000 in value as the client’s agent
- Notify the client of breaches such as non-payment of rent, significant property damage or accidents.
- Prepare and serve Residential Tenancies Act notices
- Provide representation at VCAT hearings
- Engage as the client’s agent with professional property service providers and tradespeople
- Monitor lease expiration
- Advise current rental trends
- Conduct rent reviews and report
- Liaise with tenants to arrange prospective tenant inspections
- Conduct final inspections at the end of lease, including the condition report
Fees not included: Payment of bills i.e water rates, body corporate bills, rates and insurance. These fees are an additional $250 per year including GST.
By landlord request (at no additional cost):
- As the client’s agent, arrange for appropriate contractor(s) to carry out *periodic inspection of plumbing fixtures and fittings
- As the client’s agent, arrange for appropriate contractor(s) to carry out *periodic inspection of electrical fixtures and fittings
- As the client’s agent, arrange for appropriate contractor(s) to carry out *periodic inspection of gas fixtures and fittings including oven, cook top, hot water service and heaters
- As the client’s agent, arrange for appropriate contractor(s) to carry out *periodic smoke alarm inspection
- As the client’s agent, arrange for appropriate contractor(s) to carry out *periodic swimming pool safety barrier (incl. associated fittings) inspection
COMPLEMENTARY ADVERTISING
We run weekly open for inspections to not only walk prospective tenants through the property, but also to understand the market response to your property as a method of gauging the effectiveness of the advertisement. If needed, we’re able to conduct a second open for inspection per week.
An open for inspection is a good way to accurately show the property to prospective tenants and meet them face to face, leaving an impression which can aid tenant selection.
When dealing with other property management companies, make sure to read all of the fine print in the contract. These are places where they include any hidden costs or terms and conditions that you may not be aware of until it is too late.
Fortunately, all our costs are a part of our monthly management fee, providing full transparency.
Potential Hidden Charges:
⦁ Financial reports
⦁ Insurance claim management
⦁ Detailed inspection reports
⦁ Renovation management
⦁ Legal Body management (VCAT & Victoria Police)
An open for inspection is a good way to accurately show the property to prospective tenants and meet them face to face, leaving an impression which can aid tenant selection.
- Monthly and End of Financial Year statement reports
- Inspection reports
- Insurance Claim Management
- Renovation Management
- VCAT
At Property Managers Footscray, we take the stress out of investing in property. We want our clients to feel that their property is in trustworthy hands, leaving them with the peace of mind that so many landlords can’t seem to get.
We strive to be transparent, honest and provide a high-quality service. We understand that most of the bad experiences associated with being a landlord can be avoided with a dedicated property manager that devotes their expertise and professionalism to providing a positive experience for every client.
PROPERTY MANAGERS FOOTSCRAY FEES
Our property managers are also investors themselves, meaning we understand residential property investment and the property market. We recognise the service expected from an investor, and we want to provide this to you.
With our fixed fees, you can rest assured there are no hidden costs.
Our competitive prices offer landlords with a return on their investment, without compromising on professionalism and quality.
FUNDS FOR PROPERTY MANAGEMENT MAINTENANCE AND REPAIRS
We provide maintenance services with trades peoples who are industry licensed and insured. Their professional services are not charged additionally – they are included in the monthly fees we charge.
If any repairs are required, we consult with our client to inform them of any issues and estimate what repairs are needed. Repairs are only carried out upon approval by the landlord.