Property Management
Why Nerang Property Management?
Over 20 years of Property Management Experience
A well established and known team that have been involved in the Real Estate industry for over 20 years on the Gold Coast. We offer our clients a personal and professional touch, Gill our Principal has worked within the business and with her hands on approach it has proven to be a success for the business as she is personally in touch with all clients. Lauren, provides many years of knowledge and experience to our clients creating lifelong clients and friends with fulfilling client’s dreams. Together we work closely to guarantee you a smooth and stress free experience in both property management and sales.
YOUR INVESTMENT IS IMPORTANT TO US
Put your investment property into the right hands
Thank you for considering Nerang Property Management as your managing agent for your investment property.
We assure you that we will be acting in your best interest legally, ethically and financially at all times.
The details of how we manage
your investment property
LEGAL DOCUMENTS & CONTRACTS
All of the forms used by Nerang Property Management are approved by the Real Estate Institute of Queensland. They contain all the relevant clauses and conditions that protect your investment.
We require all our tenants to be on a Tenancy Agreement. We are flexible and can make arrangements to suit your requirements.
RENTAL & BOND MONIES PAID
All rental monies paid by the tenants go directly into our Trust Account or via the office. This is monitored daily to ensure rent is paid promptly. Late payments are followed up by a text message notifying 3 days in arrears and after being in arrears after 7 days, a ‘Notice to Remedy’ is issued for them to comply with. A bond equivalent of four weeks rent is collected by us and forwarded to be held by the Residential Tenancies Authority for the duration of the tenancy. No bond is released until a final inspection has been completed and we are utterly satisfied with the condition of your property.
REVIEWING THE RENTAL VALUE
At the end of the Tenancy Agreements or as they come due, we monitor the market and review the rental price, which we will advise you of.
DISBURSEMENTS OF MONIES
Owners are paid on the last working day of the month into your nominated account, and a statement email is also sent showing all transactions. Invoices are added to this statement and end of Financial Year Income and Expenditure report is on the 30 June Statement. We offer mid-month remittance if you require. We can arrange to pay your Rates and Water Rates if that’s easier for you. There are no extra charges for this.
OUR COMPETITIVE SERVICE FEES
Nerang Property Management charges first weeks rent on change of tenants, plus GST. There is no additional charge for renewal of lease, only on change of tenant. Our Commission is very competitive.
ROUTINE INSPECTIONS & MAINTENANCE
Our routine inspections are carried out on a regular 3-6 month period. These inspections are an opportunity for us to ensure the tenant is looking after your investment and for us to ensure the property is being maintained. A detailed report will be e-mailed through to you for your records and during this time maintenance suggestions may also be made.
Any maintenance requests to the value of $300.00 will be approved by the office and can be reported.
Any maintenance issues more than $300.00 we will contact the owner for approval.
SMOKE ALARM REQUIREMENTS
Smoke Alarms are owner and tenant’s responsibility. We have a company that charges $99.00 per year to maintain, clean, replace batteries, or smoke alarms throughout the tenancy.
The owner is responsible to clean and check the smoke alarm, one month prior to a tenancy ending. The tenants are not to move, or remove the smoke alarms, but are required to replace the battery if required during the tenancy. The company could be called out several times a year, but again it is a one off yearly charge. We are also currently in the early stages of having all our properties compliant with new smoke alarm legislation which is coming into effect in 2022. This means an added cost initially to ensure the property comply with the correct number and standard of smoke alarms and a yearly subscription of $129.00 for servicing as per the above details.
INSURANCE REQUIREMENTS
Sometimes unfortunate life events can affect tenants financially and emotionally which can result in a change in the tenant’s situation. Landlord Insurance is a great peace of mind and can assist in these certain circumstances. Your insurance can cover you for any default in rent if tenant’s circumstances change. Again we can arrange this for you. If you would like further information on this, we can send you a link.
We hope this information has given you an insight into the operations of Nerang Property Management and the running of an investment property. We also welcome you to the opportunity to discuss our range of services with you in detail.
If you have any further questions or inquiries please do not hesitate to contact us at our office. We look forward to hearing from you!