$51,000 REASONS WHY YOU SHOULD HIRE PROPERTY MANAGEMENT IN PLUMPTON TO MANAGE YOUR RENTAL PROPERTIES?
Property management in Plumpton is a full-time job and requires knowledge and expertise in various aspects. There are heavy penalties on Landlords under NSW law if the legal requirements are not fulfilled properly. Here are some of them:
- $20,000 Penalty – Entering residential premises with the intention of recovering possessions of your Plumpton rental property
- $20,000 Penalty – Taking possession of rental properties in Plumpton without an order of the Tribunal
- $5,000 Penalty – Failure to comply with a Rent Order of the Tribunal
- $2,000 Penalty – Attempting to contract out of provisions of the Act
- $500 Penalty – Failure to give the Tenant of your rental properties in Plumpton a copy of the Residential Tenancy Agreement at or before the time of signing, and a copy of the Agreement signed by both the Landlord and Tenant as soon as reasonably practicable
- $500 Penalty – Failure to increase the rent of your Plumpton rental property Tenants in accordance with the Act
- $500 Penalty – Failure to provide Tenants of the Plumpton rental properties with quiet enjoyment of the property
- $500 Penalty – Entering a Plumpton rental property in any way other than in accordance with the Act
- $500 Penalty – Requiring a Tenant pay rent by a post date cheque
- $500 Penalty – Failure to keep proper rent records for your Plumpton rental properties
- $500 Penalty – Failure to co-operate with an investigator from the Tenancy Commissioner’s Office
- $500 Penalty – Unlawfully disclosing information
- $200 Penalty – Failure to give notice to a Tenant of the Landlord’s or Agent’s address or change of ownership & address
- $200 Penalty – Removal of a lock or security device at your Plumpton rental property
- $200 Penalty – Failure to give the Tenant a written statement of costs relating to the Tenancy Agreement prior to signing that agreement for your rental properties in Plumpton
With so much to keep in mind, it will be really difficult to manage your rental properties in Plumpton yourself. With that in mind, property management in Plumpton should be left to the experts.
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 Plumpton rental property. This report outlines the condition of the rental property in Plumpton 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 by the owner or a property management company in Plumpton 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 Plumpton rental 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 by Plumpton Property Management Firm?
Routine inspections are conducted by your Plumpton property management firm after a tenant takes possession of the Plumpton rental property and are conducted every six months. These inspections are essential to ensure that your rental property in Plumpton 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 if necessary, the property management firm in Plumpton will contact you to discuss items noted on the report.
What is a Database Check?
Database checks are conducted on all tenants applying for a rental property in Plumpton through Hilton Parkes Real Estate. Any tenant who has rented through an agency that uses this database and has defaulted in some way will be lodged on the database. This can greatly reduce your chances of getting a tenant with a previous bad rental history.
What Happens When a Tenant Stops Paying Rent?
When a tenant of your Plumpton rental property falls behind in their rental payments they are issued with a notice of breach by your property management company in Plumpton 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?
If you hire Hilton Parkes Real Estate as your property manager in Plumpton, tenants have several options to pay their rent, leaving no excuse for late payments.
- RE Connect which allows internet banking, phone banking, auto direct debit, credit card payment, BPay and POST bill pay
- Personal Cheque
When Does the Rent for My Plumpton Rental Property Get Paid into My Account?
Unless instructed otherwise, all the rent received for your Plumpton rental properties are paid to you by way of direct debit to your nominated bank account. The rent monies can be paid twice monthly. A statement is issued at the end of each month outlining the debits and credits for that month.