How will you determine the best rental price for my property?
We always strive to get you the maximum rent possible, however we also must keep in mind evaluating the correct market rent to ensure your property is tenanted as soon as possible.
Therefore, the rental price is determined by:
Demand levels – is there currently a high or low demand for rental properties?
Availability – we look at properties currently available for rent and consider their location and features for comparison to calculate a maximum rent for your property.
History – We compare your property with what we have currently rented, taking into account property location and features.
Market Analysis – We have access to the current market data, where other properties are positioned within that, price and days on market.
These factors allow us to give you qualified information to set the right rental price for your property.
What if i want more?
Our team will work closely with you to achieve your goals wherever possible. This may include making recommendations to help achieve optimum rent. Having said this, an overpriced properties historically sit vacant in the market for longer. The demand in the market always drives the achievable price. As owner, you can define your price. Be aware that your annual rental return will reduce by 2% for every week the property remains vacant.
How is the rent reviewed during the tenancy?
When we need to secure you a new tenant, or the lease is due for renewal, we will always review the rent against market conditions. There is legislative criteria in place for rental increases and notice periods for existing tenants. We will always contact you for your permission before the rent is increased.
What is the length of the average tenancy
For residential tenancy agreements, the fixed terms of the lease arrangements are usually 6 months or 12 months. We strive to attract and place the highest calibre of tenants across our portfolio. We look after our quality tenants well with great communication and great service as ultimately they will look after your property value and tend to vacate less frequently when they are happy.
Do you guarantee the tenants?
We cannot guarantee the performance of the leaseholders for your investment property. We can assure you that our extensively experienced senior property managers use their professional skills to qualify that the tenant can pay the rent, has a clear record with adequate references and will maintain your property with diligence and responsibility.