Landlords looking to cut costs may be thinking they can save on management fees by managing the property themselves. However, once they understand what a property manager actually does, the perceived cost saving in property management fees becomes a false economy, particularly as property management fees are a tax deductible expense.

Let’s take a basic look at what we do to lease the property:

• Write copy, take photos and place advertisements
• Arrange and attend open for viewing
• Tenant vetting
• Lease preparation and execution
• Bond lodgement
• Prepare condition reports (including photos) on the property before the tenant moves in

Once the property is leased, our ongoing responsibilities include:

• Collect rent
• Pay rent to property owners
• Produce monthly statements for property owners, including end of year financial statements
• Carry out routine inspections every four months, and report to the owner
• Maintenance: obtain quotes from qualified tradesmen, arrange and manage the work to be carried out and pay invoices from the rental income
• Regular rent and lease review

What sets us apart

As well as nearly 50 years of experience and in-depth local market knowledge, here are some of our services which set us apart from other property management services:

• Bespoke online owner portal to documents and information about their property
• In-depth rent and lease review so owners have current and relevant information to make important decisions for their property and tenancy
• Comprehensive and in-depth reports (for instance, our condition report for a 3-bed, 1-bathroom property will typically have 200 photographs so the owner has a visual of every part of their property.)
• Regularly audit to ensure the property and tenancy adheres to all legal requirements and is compliant to all current regulations (eg smoke alarm maintenance)
• Arrange and manage other essential maintenance (eg gutter cleaning), and maintenance as requested by the landlord
• Offer sales appraisals
• Provide information on a range of relevant topics, such as landlord insurance and tax depreciation schedules
• Nurture a positive and professional relationship with tenants
• Ensure repairs and maintenance are carried out in a timely fashion
• Provide fast and effective communications
• Open and transparent about fees and charges
• Offer a range of information to enable landlords to make informed decisions
• Provide ongoing tips and suggestions on how to improve your asset

Refer a friend

We believe in thanking our landlords when they make a referral for our services; if you do make a referral, and should your referral appoint us as their property managers, we will manage your property free for a month. Furthermore, we will give your referral a 25% discount for the first 12 months off our management fee (offer applies only on our Comprehensive Management Package).

So, it’s a win win for both you and your referral!

Contact us now to make a referral or to find out how our property management team can make your life easier.

Give us a call on 02 4956 9777, send us an email to mail@newcastlepropertymanagement.com.au or pop into our Cardiff office for a chat.

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