Propertyscouts Manukau

Property Owners - Information for Landlords & Investors

Property Owners - Information for Landlords & Investors


WE GUARANTEE PROPERTY OWNERS THEIR RENT

We are proud of the fact that we are one of the few Property Management company we know of offering landlords a ‘GUARANTEED RENT.’ That means that if during a tenancy that we have set-up, if there are rental arrears (for whatever reason), we will pay the rent for a specified period and re-let the property at no cost to the owner. You have to be confident of your ability in order to do that …we are, and that’s why we can! We call that a guarantee, our property owners call it ‘peace of mind’.

Charges: Yes we charge for the excellent service we provide. You wouldn’t expect much in return if we did it for free! Some owners prefer to try managing their rental property themselves. To them we say ‘good luck', and if you want any help or advice along the way or maybe a rental appraisal, then we are happy to oblige. Remember – it’s very unlikely that the time and effort you personally put into managing your rental property will be tax deductible. With our help it almost certainly will be.
 

Rental Analysis of Your Property


We offer a rental analysis service. A rental analysis provides detailed information on comparable rentals in your area. We research homes currently on the market for rent, homes which have rented, homes withdrawn from the market and expired rental listings. Unique characteristics of a property, current economic conditions and other factors will be considered to help determine the appropriate rental price. The rental appraisal of your property will be provided in a written report and costs $95 + GST. This fee is waived if Propertyscouts is managing your rental property.


Tenant Screening

We qualify tenant applicants based on extensive financial credit checks (including previous rental history where applicable) and personal reference checks. We use TINZ database and we screen everyone that will be living at the property - this may sound harsh but we want to be confident that our rentals are in safe hands.
 

The Tenancy Agreement

Once a tenant application is approved, we meet with the tenant to review the tenancy agreement, explain our procedures and answer any questions the tenant may have. We confirm the tenancy information, rent amount (paid in advance), and initial term of the lease and bond payment. We explain our inspections policy and our requirements for ensuring that the property remains in a good state of repair during the period of the tenancy. We review our cleaning guide and any special conditions pertinent to individual properties.
 

Inspections

A thorough inspection is completed prior to the tenant commencing occupancy. This documents the condition of the property at the time of move-in and includes a photographic record. A follow-up routine inspection is completed approximately one month after the tenancy commences (provided everything is going well we normally reward the tenant with a small gift at this time), and then at three monthly intervals. At the end of the tenancy, a leaving inspection will be completed before any bond is refunded. Any damage in excess of normal wear and tear will result in a deduction from the tenant's bond. There is no charge for entry and exit inspections as it is absorbed in the administration fee. Routine inspections are charged at $49 +GST.
 

Owner Payment and Statements


Owners are paid twice each month (1st & 15th or nearest working day). Payments are made based on all rents received, less our management fee and any invoices paid by Propertyscouts on behalf of owners. In addition to rental proceeds, you will receive a monthly statement itemising rental income and any deductions or expenses. Along with your statement, you will receive a copy of invoices for any work completed on your property. Annually, you will receive a comprehensive year-end statement for tax purposes for a small fee.
 

Repairs and Maintenance


Propertyscouts Manukau use reliable and experienced maintenance staff for every home repair you may experience. We pride ourselves on using quality local tradies and we will not add any mark up or fee to their invoice. We have a Licenced Building Practioner onsite and we will happily deal with any emergency callouts so you can relax and watch the money roll in. All tenant maintenance requests are fully reviewed by us before any work is authorised. Before authorising repairs expected to exceed $300, we will contact the owner for approval.
 

Management Fees

Property owners are not required to pay any funds up-front. An administration fee (equal to one weeks rent or $350 + GST whichever is lesser) is retained from the first rent payment, the annual fee thereafter is $105 + GST. The fee covers the cost of showing the property to potential tenants, credit checks, signing & re-signing tenancy agreements as well as covering for all administration, entry & exit inspection reports (including photos and video) any tenancy disputes, mediation &/or court costs. 
We have two Property Management fees which are interchangable;
* 8.1% for Guaranteed Rent (This is fixed term with a couple of requirements)
* 7.5% for Periodic Rent (ideal for existing tenanted properties)

We also offer promotional packages to ensure that property vacancies are kept to the minimum.

Minimise your risk, maximise your gains. Leave the stress to other property investors.

 

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