Month ending November 2019
Message from Ray White Burwood
Welcome to the latest edition of our Property Management newsletter.
We are thrilled to have been awarded an Elite Business for Property Management year 2018/19. This award comes from Alan White, son of Ray White. At Ray White Burwood, we have:
Give your property the attention it deserves. Contact Leon Zhang on 0435 492 800 or 9808 0988.
Rental Update for Burwood & Burwood East
Well, here we are, our last newsletter for the year with Christmas and 2020 fast approaching. The pace picked up during November and we leased a whopping 13 properties for the month and listed another 14! Our tenant database continues to grow with prospective tenants, meaning we are able to lease properties quicker and to good quality tenants. We have had a good start to December but anticipate it will slow down in the coming weeks as we get closer to Christmas. Schools will be ending for the year and we will see traffic slow down and hopefully with it we will see summer finally arrive. I sincerely hope that you all have a wonderful and safe festive season and look forward to what the new year will bring.
Velia Perri – Rental Department Manager
The importance of maintaining your investment property
Buying a property is a big investment, and it only makes sense to take care of it properly.
As a landlord, you have a number of responsibilities in keeping your real estate up to standard.
However, it isn’t just an obligation or a responsibility: it’s just good practice.
Here’s why you should always keep property maintenance at the front of your mind.
Minor fixes will fix bigger problems later
Staying on top of things with minor fixes will help you to avoid big problems later down the line.
Major features like plumbing and heating should be monitored and serviced on a regular basis. Not only are they necessary for comfortable living, but they can also be very expensive to replace.
If on the other hand, the features are ageing and inefficient, it may be worth a replacement to save on monthly bills in the long term.
It is also necessary to evaluate your roof once every so often – as the roof protects every other investment you have made in your home, it is vital to keep it in working order.
Water can be detrimental under certain circumstances. This is another instance where it is very important to stay on top of the little annoyances that can become expensive disasters.
Not only will regular upkeep maintain the comfort and look of your home, but it will also help you to maximise its value if you decide to sell.
Attracting the right tenants
If your property is in a poor state of affairs when you are trying to rent it out, you might find that you can’t attract the best calibre of tenants.
As a result, you could either find that you have to settle for someone you’d rather not entrust with your property, or having to swap out tenants every year or so. That’s wasted time and wasted money if your property is left empty between tenants. The right kind of maintenance (even if it’s just minor cosmetic additions) could mean you get a better rental yield as well.
Your investment property could be your ticket to a comfortable retirement, which is why it pays to take care of it. However, your tenants will also have responsibilities to keep the place up to standard and avoid as much damage as possible.
Keeping on top of repairs is a legal, ethical and financial responsibility for your investment property. That’s why many people prefer to entrust the responsibility to a professional property manager. A property manager will ensure that your property is well-cared-for and given the attention it deserves.
Do you need Landlord Insurance?
Purchase Landlord Insurance through Ray White and receive up to 10% discount when you buy it online, CLICK HERE
to our tenant of the month!
Congratulations to Aaron Moerua & Saveth Sok for winning our tenant of the month competition. Enjoy the $50 Hoyts voucher on us. For those who are unaware, this is our way of recognising and thanking the wonderful tenants who take the time and effort to maintain the property as if it were their own. And YES, there is a reward for movie tickets for our monthly winners to enjoy! You will also receive a ‘Tenant of the month’ certificate which you can use if you need a reference check for future rentals. If you meet the below criteria, you will be in the running to be selected as Ray White Burwood’s ‘Tenant of the month’.
NO RENT ARREARS—Please ensure that your rent is paid promptly on or before the due date.
LEASE OBLIGATIONS—Must be met at all time, including ongoing presentation of the property, prompt reporting of maintenance and regular maintaining of the garden/lawns.
ROUTINE INSPECTIONS—If you have had a routine inspection conducted during the month and your home and garden is presented in immaculate condition
A huge thank you for your support throughout the year
As the holiday season is upon us, we find ourselves reflecting on the past year and those who have helped to shape our business. It’s been quite a year for us! We hope that 2019 has been just as memorable for you. We wish you a very Happy Holiday season and a peaceful and prosperous New Year.
Christmas Trading Hours
Our office is closed from Monday 23rd December and will re-open on Thursday the 2nd of January.
A note for tenants
Our zero-tolerance to late rent still applies throughout this period. Please check if your rent falls on a public holiday and if so, please pay 1-2 days in advance.
A note for landlords
Rent payments will be processed as per usual over the Christmas holidays, however, there may be delays due to bank closures.
Our emergency phone will be available for urgent repairs only. For the definition of urgent repair, please visit www.consumer.vic.gov.au/housing/renting/renting-guide. Our emergency phone number is 0450 000 988.
Please email any maintenance requests to firstname.lastname@example.org. Your Property Manager will attend to this on the 2nd of January.
Out of town safety checklist
If you will be on a long holiday throughout the Christmas period, or at any time of the year, a reminder to:
What we stand for.
Guided by principles of integrity, honesty and teamwork, we aim to deliver the very best service in all aspects of real estate and property management