begin with the end in mind
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BEGIN WITH THE END IN MIND. PROPERTY MANAGER = PEACE OF MIND. PROPERTY MANAGER = PEACE OF MIND. About Me... 25 Years in Property Management Work Experience What a Landlord wants Principal/Business owner Extensive experience and knowledge Passion to improve the industry. - PowerPoint PPT PresentationTRANSCRIPT
PROPERTY MANAGER = PEACE OF MIND
BEGIN WITH THE END IN MIND
About Me...• 25 Years in Property Management• Work Experience• What a Landlord wants• Principal/Business owner• Extensive experience and
knowledge• Passion to improve the industry
PROPERTY MANAGER = PEACE OF MIND
Main Aim For Investing In Property
A successful property investment
A capital gain on sale Add to our retirement wealth Excellent rental returns Good tenants Low maintenance Peace of Mind = A GOOD
PROPERTY MANAGER
PROPERTY MANAGER = PEACE OF MIND
Renting the Property FAST—Get the Rental Price Right –
Vacancy Reduces Annual Income by 2%
—Enhance the Street Appeal—Attend to Repairs—Keep it Modern and Fresh—Professional cleaned after a long
tenancy—Remove odours—Clean carpets & blinds —Set suitable inspection times
PROPERTY MANAGER = PEACE OF MIND
What Do Tenants Look For in a Rental Property?
—Heating and Cooling —Security – Deadlocks, Security
Screens, Sensor Lights—Internal condition – Clean carpets,
undamaged bench tops, hygienic bathrooms
—Low maintenance yard & gardens—Energy & Water Efficiency—Pet Friendly—Parking/Garaging—Neighborhood
PROPERTY MANAGER = PEACE OF MIND
Avoiding Bad Tenants– Severely damage your
investment– Substantial rents arrears – It takes time and money to
remove a bad tenantChoosing Quality Tenants
—Screen the tenant applications—Gather information on their
identification, rental and other references, and financial status for rental affordability
—Interview the Tenant at the Inspection
—Sometimes go with the gut feeling
PROPERTY MANAGER = PEACE OF MIND
Safety Tips for Your Rental Property?
—Shower Screens & Glass Window Panes
—Electrical Safety Switches & Smoke Detectors
—Timber Decking in good order—Keys for every lock—Trip and fall hazards e.g. loose
carpets/tiles, uneven pathways, holes in the yard
—Pool Fencing Compliance
PROPERTY MANAGER = PEACE OF MIND
Common Mistakes of the Landlord
—Poor tenant screening and selection
—No regular routine inspection—No or inadequate Landlord
Insurance —Lack of knowledge or
understanding of the tenancy legislation
—No regular termite inspections
PROPERTY MANAGER = PEACE OF MIND
Common Mistakes of the Landlord
—Ignore Fire & Safety Regulations—Unaware of other Health and
Safety Laws (e.g. Pool fencing)—Breach the “Quiet Enjoyment”
laws of the tenancy—Incorrectly handle Water Charges—Unsure of the term “fair wear &
tear”, “Emergency repairs” and “general repair”. Definitions and remedial actions and cost responsibility
PROPERTY MANAGER = PEACE OF MIND
—Do you attempt your own legal work or use a Solicitor?
– Do you do you own tax or use an Accountant?
– Do you manage your investment property without professional help?
—An investment property could be your second biggest investment after your own home. Getting the management wrong could spell financial disaster after all your hard work and renovations
PROPERTY MANAGER = PEACE OF MIND
The Role of a Property Manager
To act in the best interests of their client, the Landlord
Consider the needs of tenants Assist the Landlord and the
Tenant with ethics and professionalism
Maximise the Rental Return Maintain the property in the best
possible condition Manage and Enforce Tenancy
Legislation
PROPERTY MANAGER = PEACE OF MIND
A Property Manager CANNOT:
—Advise on the “strength” of the property investment
—Give any Financial Investment advice
—Give advice on bank lending or other finance
—Give taxation advice
PROPERTY MANAGER = PEACE OF MIND
Finding the Right Property Manager
—Can be as hard as choosing the right tenant
—How long have they been in real estate ?
—How many properties do they manage?
—How much industry training do the staff get?
—How will they promote your property?
—How quick are they to reduce their fees? Good management comes from good service not cheap fees
—Cheap fees = Cheap Service. Where you save in one area it can cost you big dollars in another area.
PROPERTY MANAGER = PEACE OF MIND
Why All Property Managers Are NOT the Same?
PROPERTY MANAGER = PEACE OF MIND
Why All Property Managers Are NOT the Same?
Like all business Property Managers are not the same.– Some are good at telling you
what you want to hear– Some believe you are only
after a cheap fees from a cheap Agent.
– Some do not understand the value of the service they should provide
– Some are just there for the pay packetChose wisely. It could cost you a lot of time effort and money
PROPERTY MANAGER = PEACE OF MIND
Why is Sutherlands Property Management Different?
—Professional Photos and Virtual Tours
—For Rent Signs with QR codes
—Online Inspection Bookings
—Online Applications—Dedicated Leasing
Consultant—Specialised Property
Management Agency with concise Systems and Procedures
PROPERTY MANAGER = PEACE OF MIND
—Quality Customer Service
—Zero Tolerance on Rent Arrears
—Routine Inspection with Photos
—Fast Monthly Payments with Statements
—Knowledge, Professionalism, Expertise and Dedication to the Industry
PROPERTY MANAGER = PEACE OF MIND
Why is Sutherlands Property Management Different?
Sutherlands Property Management
PROPERTY MANAGER = PEACE OF MIND
Our Competitors ……
PROPERTY MANAGER = PEACE OF MIND
Our Competitors ……
PROPERTY MANAGER = PEACE OF MIND
Sutherlands Property Management……
PROPERTY MANAGER = PEACE OF MIND
Sutherlands Property Management……
The best marketing we can do is a good job
We treat our Customers as if
our business depends on it … because it does!!
PROPERTY MANAGER = PEACE OF MIND
PROPERTY MANAGER = PEACE OF MIND
www.spmg.com.au
Colleen Sutherland
PROPERTY MANAGER = PEACE OF MIND