WHAT IS A PROPERTY CONDITION REPORT?

HASSLE-FREE PROPERTY MANAGEMENT

Having a rental property is still one of the best investments you can make, but the difficulties of choosing a tenant and the managing the property deter many prospective landlords.

There are so many time-consuming and complex issues to consider:

Selecting tenants?
Rent collection and inspecting the property regularly?
Advertising your rental to attract good tenants and ensure a fair return?
Who is responsible for routine maintenance?
What are your obligations under the Residential Tenancies Act?

Tenant selection, rent collection, regular property inspections – we can take care of all of these aspects. All our Property Manager is well versed in the legalities of property management so that in the unfortunate event that a tenant should breach their contractual obligations, they will prepare the necessary paperwork and applications to the Residential Tenancies Tribunal and will even represent you at Statutory Tribunal Hearings.

We recognise the importance of monitoring and managing your rental property to enhance its ongoing appreciation while maximising your short term returns. We have structured and well defined systems to provide consistency in service and deal with any problems quickly and efficiently.

Arrow Real Estate provides a total management service which will protect your investment and enhance its ongoing appreciation.

Arrow Real Estate works hard to:

A minimum vacancy period.
A reliable tenant.
A smooth tenancy.
A well maintained property.
Regular feedback.

WHAT IS A PROPERTY CONDITION REPORT?

This is a report that is compiled at the commencement of a tenancy prior to your tenant moving into the property. This report outlines the condition of the property at the commencement of the tenancy and is used when the tenant vacates to ensure that the property is left in the same condition. This is the last inspection carried out as soon as possible after the end of a tenancy, when the tenants have returned their keys. The Property Condition Report is used at this inspection and each item is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.

WHAT IS A ROUTINE INSPECTION?

Routine inspections are conducted after a tenant takes possession of the property and are conducted every 17 weeks. These inspections are essential to ensure that your property is being maintained to an acceptable standard and to identify any maintenance that may be required. A copy of the routine inspection report is forwarded to you after each inspection and should it be necessary, a member of the Arrow Real Estate Property Management Team will contact you to discuss items noted on the report.

WHAT HAPPENS WHEN A TENANT STOPS PAYING RENT?

When a tenant falls behind in their rental payments they are issued with a notice of breach advising them that they are behind and requesting that they rectify the problem. If this is not done within the stipulated time period then a termination notice is issued requiring that they vacate the premises.

HOW DO TENANTS PAY THEIR RENT?

Tenants have several options to pay their rent, leaving no excuse for late payments. – By EFT, cheque or money order – Ezidebit and centrepay

WHEN DOES THE RENT MONEY GET PAID INTO MY ACCOUNT?

At the end of every month all monies held is paid to you by way of direct debit to your nominated bank account or by cheque. A statement is issued at the same time outlining the debits and credits for that month.