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1 PIM LISTING BOOKLET with Amanda and Clarence

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Welcome to the Family!<br />

Thank you for the opportunity to present the services provided by<br />

LJ Hooker Glenorchy <strong>and</strong> LJ Hooker <strong>Clarence</strong> for the<br />

management of your investment property.<br />

Our company strives at all times to professionally service your total<br />

real estate needs - maximising your financial position <strong>and</strong> creating<br />

a "Client for Life".<br />

We have such a great team <strong>with</strong> an array of local knowledge. We<br />

have seen the peaks <strong>and</strong> troughs over the years, so can share our<br />

experience to support you through any variances in the market.<br />

We would be delighted to provide further information on the<br />

items in this guide or answer any questions regarding your<br />

investment property.<br />

We look forward to working <strong>with</strong> you.


The 3 Stages of Property Management<br />

Stage 1 - Before the<br />

Tenancy Begins<br />

1. Inspection of your property<br />

2. Organisation of any<br />

repairs<br />

3. Smoke alarm & cord<br />

compliance<br />

4. Advertising of the property<br />

5. Opening the property for<br />

viewings<br />

6. Screening of prospective<br />

tenants<br />

7. Prepare entry condition<br />

report <strong>with</strong> photographs<br />

8. Prepare lease <strong>and</strong> arrange<br />

signing<br />

9. Meet <strong>with</strong> tenants <strong>and</strong><br />

provide them <strong>with</strong> a tenant<br />

pack <strong>and</strong> h<strong>and</strong> over keys.<br />

Stage 2 - During the<br />

Tenancy<br />

1. Monitor <strong>and</strong> disperse rent<br />

2. Coordination of<br />

maintenance<br />

3. Prevention of rent arrears<br />

4. Quarterly inspections <strong>and</strong><br />

reporting<br />

5. Resolution of issues or<br />

breaches<br />

6. Settlement of creditor<br />

invoices<br />

7. Issuing of monthly<br />

statements<br />

1. Issue <strong>and</strong>/or collect the<br />

Notice of Intention to<br />

Leave<br />

2. Inform tenants of correct<br />

h<strong>and</strong>over procedure<br />

3. Collect keys<br />

4. Perform exit condition<br />

report<br />

5. Return or <strong>with</strong>hold Bond<br />

6. Ensure property is ready<br />

for the next tenancy.


PROFESSIONAL FEES<br />

WEIGHING UP THE COSTS AND BENEFITS<br />

The fee structure at LJ Hooker<br />

Glenorchy covers all services set out in<br />

this prospectus. We are confident our<br />

fees represent value for money.


PROFESSIONAL FEES<br />

WEIGHING UP THE COSTS AND BENEFITS<br />

The fee structure at LJ Hooker<br />

Glenorchy covers all services set out in<br />

this prospectus. We are confident our<br />

fees represent value for money.


Leasing your property<br />

can be a rewarding<br />

experience – but we don’t<br />

see why the rewards<br />

have to stop there.<br />

Since 2002 we’ve enjoyed an exclusive<br />

partnership <strong>with</strong> Qantas Frequent Flyer,<br />

Australia’s largest loyalty program.<br />

So we’re the only real estate agency<br />

that really can take you further than<br />

you think. It’s our way of making sure<br />

the benefits of your property extend<br />

far beyond your front door.<br />

Receive 10,000 points<br />

if you appoint LJ Hooker<br />

Glenorchy as your exclusive<br />

Property Management<br />

Agent for your residential<br />

property.


What you need to know<br />

Maintenance<br />

Tenants are required to fill out a maintenance request form detailing the nature of the repair <strong>and</strong><br />

whether they give consent for access to the property while that aren't home. All maintenance<br />

reported will be referred to you for instructions prior to instructing a tradesperson. It is our duty to pass all<br />

requests for maintenance on to you, even if we believe they may not be viable requests at the time, it is our<br />

way to keep you informed <strong>and</strong> in control.<br />

Emergency Repairs<br />

Emergency repairs are rare, however, if an emergency is reported <strong>and</strong> our office cannot reach you on any<br />

of the numbers provided we will act on your behalf, <strong>and</strong> best interests, to have the repairs made promptly.<br />

This falls in line <strong>with</strong> your instructions in your Management Agreement. Some examples of emergencies<br />

are burst water pipes, electricity outage, or leaking hot water system <strong>and</strong> so forth.<br />

Smoke Alarms<br />

The Residential Tenancy (Smoke Alarms) Regulations 2012 requires that each rental property must<br />

have smoke alarms installed. It is your responsibility to have smoke alarms installed <strong>and</strong> have<br />

them cleaned <strong>and</strong> tested each time a tenancy agreement is renewed. It is the tenants obligation<br />

to ensure that the alarms are cleaned, tested <strong>and</strong> batteries replaced throughout the term of their<br />

agreement. We contract 1300 Compliance to perform annual checks on your behalf. There is a small fee<br />

to ensure the smoke alarms are working <strong>and</strong> they supply you <strong>with</strong> a certificate of compliance.<br />

Window Covering Cords<br />

In July 2011 the Australian Consumer & Competition Commission introduced new st<strong>and</strong>ards to protect<br />

young children from the risk of strangulation from looped cords <strong>and</strong>/or chains. L<strong>and</strong>lords must comply <strong>with</strong><br />

these st<strong>and</strong>ards for internal corded window coverings in rental properties. Failure to comply may incur severe<br />

penalties <strong>and</strong> risk of litigation. If at a property inspection we identify a non-compliant cord, we will inform<br />

you <strong>and</strong> at your instruction can have the breach rectified by 1300 Compliance.<br />

L<strong>and</strong>lord Insurance<br />

L<strong>and</strong>lord insurance isn't compulsory, but we do still recommend you maintain a current policy.<br />

Ensure the policy is <strong>with</strong> a reputable company that specialise in l<strong>and</strong>lord insurance <strong>and</strong> also check that the<br />

policy covers loss of rent <strong>and</strong> malicious damage. Although claims are very rare, it is better to be safe than<br />

sorry.


What you need to know<br />

Routine Inspections<br />

We do an initial inspection <strong>with</strong>in 6 to 8 weeks of the tenant moving in, <strong>and</strong> every 3 months thereafter we will<br />

conduct a routine inspection of your property - you are welcome to attend the inspection <strong>with</strong> your<br />

Property Manager. By law the agent/l<strong>and</strong>lord is only allowed to enter the property up to four times<br />

per year <strong>and</strong> we must provide a tenant <strong>with</strong> a minimum of 48 hours notice (in writing) of our intention to<br />

attend the property. At the inspections we look for any current or future maintenance items <strong>and</strong> make<br />

sure the tenant is keeping the property in good order. We then fill out our report <strong>and</strong> email this<br />

to you for your records.<br />

Excess Water<br />

You are allowed to pass on the full water consumption charges to tenants provided all the minimum criteria<br />

have been met:<br />

1. rental premises are individually metered, <strong>and</strong><br />

2. the tenancy agreement states the tenant must pay water consumption.<br />

As part of your management agreement we ask how much you would like to contribute <strong>and</strong> place<br />

these obligations into the tenancy agreement.<br />

Fair Wear <strong>and</strong> Tear<br />

When a tenant vacates a property they are required to leave it as close as possible in the same<br />

condition as when they moved in <strong>with</strong> fair wear <strong>and</strong> tear excepted. We need to be mindful that the<br />

tenant has “lived” in the property <strong>and</strong> that some level of wear <strong>and</strong> tear will be normal. The Entry<br />

Condition Report that we prepare, plus the photographs we take upon entry, are pre-cautionary <strong>and</strong> vital to<br />

this issue when a tenant vacates.<br />

Pets<br />

It is at your discretion whether you wish to allow pets at your property. We recommend that if you allow<br />

pets that they be outside only. When a tenant vacates they must have the property sprayed for fleas by a<br />

licenced professional pest controller <strong>and</strong> that the yard (if needed) be returned to its original state<br />

eg: holes filled in.


It extremely important that when you release your property for rent that you h<strong>and</strong> it over in tip top condition,<br />

as this is how you want it back at the end of the tenancy (fair wear <strong>and</strong> tear not <strong>with</strong>st<strong>and</strong>ing). Following is a<br />

checklist of things to consider when preparing your home for your new tenant.<br />

Stove, griller, drip trays <strong>and</strong> range hood to be cleaned, to be grease free, if you do not have drip trays will probably<br />

have a stove top that lifts up or a tray that pulls out, this must be cleaned<br />

Exhaust fans to be removed <strong>and</strong> cleaned inside <strong>and</strong> out.<br />

Windows, tracks <strong>and</strong> windowsills to be cleaned inside <strong>and</strong> out.<br />

All cupboards <strong>and</strong> drawers to be cleaned inside <strong>and</strong> out.<br />

All marks to be removed from walls, skirting boards <strong>and</strong> picture rails to be dusted, swipe marks from cleaning products to be<br />

rinsed off.<br />

All light fittings to be cleaned, all light bulbs to be in working order, light switches <strong>and</strong> power points to be cleaned.<br />

Carpets to be professionally cleaned. It is recommended that the carpet cleaning takes place after all belongings have been<br />

removed <strong>and</strong> other house cleaning completed.<br />

Drapes/curtains to be washed/dry cleaned according to cleaning instructions, Vertical blinds to be vacuumed <strong>and</strong> all Venetians to<br />

be thoroughly cleaned.<br />

Cobwebs to be removed inside <strong>and</strong> outside.<br />

Lawns to be mowed, edges trimmed.<br />

Flower beds, gardens <strong>and</strong> pebbled areas to be weeded.<br />

No rubbish to be left in garage or garden.<br />

Remove cigarette butts from yard, pathways, gardens etc.<br />

Pay particular attention to bathrooms: toilets, shower recesses, bathroom cabinets. Shower recess to be scrubbed <strong>and</strong> free of soap<br />

scum, residue <strong>and</strong> mildew, shower screen to be cleaned, shower curtain to be replaced (if applicable).<br />

Driveways, carports <strong>and</strong> all concrete areas to be left free from oil <strong>and</strong> grease stains.<br />

Place household rubbish in bins ready for the Council collection.<br />

The premises is to be treated for fleas internally <strong>and</strong> externally by a professional pest control company if an animal has been kept<br />

at the property <strong>and</strong> a receipt provided to the office on vacating.


"We are throughly impressed <strong>with</strong> the polite, professional <strong>and</strong> informative way in which the whole<br />

property management team conduct themselves at all times. The LJ Hooker staff certainly stood out<br />

from the average property managers."<br />

Emily Fitzpatrick & Brennon Jones<br />

"I am writing to thank the team at LJ Hooker Glenorchy. LJ Hooker Glenorchy have been managing<br />

my rental property <strong>and</strong> I have been extremely impressed <strong>with</strong> their service. They have a disciplined<br />

tenant selection process, <strong>and</strong> their office systems <strong>and</strong> procedures ensure regular communication<br />

<strong>and</strong> keep me informed on all aspects of my rental property.<br />

Appointing LJ Hooker Glenorchy as my property investment management agent gave me the<br />

peace of mind to sit back <strong>and</strong> relax, knowing my property is in experienced, qualified h<strong>and</strong>s.<br />

I have no hesitation in recommending the LJ Hooker Glenorchy team."<br />

Dean Young<br />

"I would like to take this opportunity to thank you for managing our property on York St in S<strong>and</strong>y<br />

Bay. From the start I was impressed <strong>with</strong> your enthusiasm, positive attitude <strong>and</strong> professional<br />

approach. We were in fact entrusting our family home to you <strong>and</strong> you seemed to underst<strong>and</strong><br />

how difficult this was for us.<br />

Thankfully you were able to secure wonderful tenants for us <strong>and</strong> the house was well looked after.<br />

We now look forward to occupying our home but if we need to rent it in the future we would not<br />

hesitate to place it again in your h<strong>and</strong>s."<br />

Christine Edwards


Your Local Property Management Team!<br />

Choosing the right agent can make a BIG difference to how your property is managed, so you cant go wrong<br />

choosing the team that manages the largest rent roll in the northern suburbs of Hobart!<br />

The LJ Hooker Glenorchy Property Management team are a dominant force in Hobart real estate <strong>and</strong> have flourished<br />

<strong>and</strong> maintained a steady, often impressive, share in the areas fluctuating market.<br />

Our Property Management team of five based at Glenorchy has intimate local knowledge <strong>and</strong> detailed<br />

experience of rental property values in the region, plus exclusive tools <strong>and</strong> strategies to give you peace of mind<br />

while we take care of your property.<br />

Also, <strong>with</strong> a large sales department; the team at LJ Hooker Glenorchy can service all your real estate needs.<br />

With all of your real estate needs being taken care of by this great award winning team it really is true that when it comes<br />

to real estate in Hobart's north…


What Happens Next? - Come Join Us<br />

It's a very simple process:<br />

We view your property <strong>and</strong> provide a Rental Appraisal<br />

We prepare your Management Agreement<br />

You organise your L<strong>and</strong>lord Insurance - we can provide information to assist <strong>with</strong> this<br />

Arrange for Smoke Alarm <strong>and</strong> Cord Compliance - we can arrange this for you<br />

The property is cleaned <strong>and</strong> prepared for tenants - we can arrange this for you<br />

H<strong>and</strong> over keys to our office<br />

Thinking of changing from another agency?<br />

Are you currently <strong>with</strong> another agency? Not a problem, you can still transfer your property to<br />

LJ Hooker Glenorchy.<br />

You can change managing agents <strong>with</strong>out affecting the tenancy in any way, even if your property is<br />

tenanted <strong>and</strong> on a current lease.<br />

All management agreements have a notice period for termination, usually a minimum of 30 days, but can<br />

be up to 90 days <strong>with</strong> some agents. While you need to give your current agent notice in writing, we<br />

can simplify things by providing a st<strong>and</strong>ard wording for your signature we can send to the agent on<br />

your behalf <strong>and</strong> make arrangements to collect all your files, keys <strong>and</strong> other necessary documents.<br />

We will notify the tenants prior to the new management commencing, so they are well aware of<br />

the upcoming change of management. This allows us to introduce ourselves to the tenants <strong>and</strong> promote<br />

the services we provide.<br />

Once a notice of termination of management is issued the agent will still have to comply <strong>with</strong> the<br />

Residential Tenancy Act <strong>and</strong> all other regulations for the remainder of the notice period. This<br />

ensures that the current agent is still accountable for any actions until the specified transfer date.


We Have the Answers<br />

How long does it take to find a tenant?<br />

It's hard to guarantee an exact time frame. Some properties rent the first day that they hit the market, while<br />

others may take a little longer. It is important that your rental property is priced accurately <strong>and</strong> presented<br />

well in relation to the current market <strong>and</strong> we can advise you appropriately on this important matter.<br />

How will my tenants be selected?<br />

Due diligence is always carried out when selecting an appropriate tenant for your property. We<br />

compile assessments of rental <strong>and</strong> employment histories. Careful <strong>and</strong> methodical tenant selection<br />

minimises risk to you of rental arrears or property damage. We take this process very seriously. We<br />

present you <strong>with</strong> the results of our research along <strong>with</strong> our recommendations. You have the final say on<br />

who leases your property, so you will always have control of your investment!<br />

What happens when tenants do not pay their rent?<br />

In today’s harsh economic climate tenants sometimes run into hardship paying their rent. Even<br />

after passing the most careful tenant selection, this risk is still present. When a tenant is in<br />

arrears we will contact them via telephone, email <strong>and</strong> SMS in accordance <strong>with</strong> our strict ZERO<br />

TOLERANCE POLICY <strong>and</strong> procedure for rental arrears. Our experience is that a tenant can’t hide<br />

from our ZERO TOLERANCE procedures, <strong>and</strong> they’ll either pay the rent or vacate the property. It is our<br />

objective at all times to minimise any loss to you the owner, that’s why we enforce these actions rigorously.<br />

When will I receive my rent?<br />

Its your choice - mid month, end of month, or both, via electronic transfer.<br />

When can I increase my rent?<br />

Legislation requires that where a fixed term lease is in place, a rental increase can only be implemented at<br />

the end of the agreement. On periodic tenancies, increases may be served every twelve months.<br />

There are numerous factors taken into consideration when assessing increases <strong>and</strong> <strong>with</strong> our intimate<br />

knowledge of the region <strong>and</strong> rental rates we are happy to discuss this <strong>with</strong> you at any time.<br />

While the property is vacant, do I still pay management fees?<br />

Management fees are only charged on rent collected. This means that if the property is vacant<br />

no management fees are charged to you.

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