Preparing your Property for RentBefore you can rent out your property, you’ll need to ensure it reaches standards expected of rental properties across Australia, and that it complies with frequently changing legislation in your state or territory. Elders Property Management Services is up-to-date with all standards and legal requirements, and will offer specialised advice so you can fulfil these obligations and attract quality tenants and a consistent, reliable rental income.
Management Authority Form
If you have chosen a property management service to act on your behalf, you must complete an Exclusive Authority to Act as Managing Agent for Residential Premises before we can legally start advertising and managing your investment property.
In some states and territories, to protect the safety of your tenants you’re legally required to install and maintain working smoke detectors, electrical safety switches and pool safety fencing and gates. In addition, to help protect your property and maximise your return on investment, we always recommend you install exhaust fans in the kitchen and bathroom/s, door stops, window screens, air conditioning, TV antenna, Pay TV and internet connections, deadlocks for windows and doors, quality floor coverings and provide bathroom/s and kitchens that are in good condition.
You’ll need to supply three full sets of keys to us, including window keys, garage door keys/remotes and shed keys. One set of keys is held permanently at our office and two sets are supplied to the tenants.
House and Carpet Cleaning
To maintain a good standard of cleanliness, we recommend having your house and carpets professionally cleaned before your tenant moves in. By providing us with a receipt for our records, we can insist your tenant has the carpets professionally cleaned upon vacating your property.
Utilities and Mail
Before your tenant moves into your property you should disconnect any utilities that have been connected in your name. Your tenant will be required to reconnect the utilities before they move in. Likewise, if you have mail sent to your property’s address, you’ll need to organise a mail redirection order at any Australia Post branch.
Our Management Promise To You
Once a successful tenant has been selected, we commence the relevant paperwork on your behalf, including the residential tenancy/lease agreement and a written Property Condition Report, and collect the bond and first rent payment and issue the keys. We then continue the ongoing management of your property, which includes collecting rent, conducting rent reviews and property inspections, organising repairs and maintenance and preparing end of financial year statements for you and your accountant or financial advisor.