Your investment property
As investment property owners ourselves, we know that you want peace of mind when it comes to the management of your property. Knowing that your property or properties are being managed by a team of knowledgeable, ethical and professional people, who know that they’re working in your best interest, is fundamental to the business aspect of owning property. Karratha Property Sales and Rentals aims to get to know each and every one of our Landlords and tenants to achieve the best possible property results.
As an exclusive agency, we are proud to offer you a personalised property management service, from purchase through to finding a quality tenant who will treat your property as their home. We pride ourselves on our communication and quality of service. Selecting the right property manager will make the big difference in your overall returns and smooth the investment experience. Our office is equipped with the latest technology that will assist in making your investment stand out from the crowd.
Property management is an industry that constantly undergoes legislative changes, so it is imperative that you can be assured that your investment properties are being managed by people who are highly trained, well informed and who always follow the right procedures to get the maximum return for you. By choosing KPSR, you are choosing a team of Property Management professionals who are exceptionally trained in all aspects of property management and who understand the obligation of landlords and tenants respectively.
We have outlined a few key points below for you, as a Landlord, to consider when choosing a managing agency for your investment property or properties.
Employing the perfect property manager
Finding the right property manager is one of the most fundamental decisions you’ll make in regard to your investment property and it really can make a difference not only to your overall returns, but also the enjoyment of your investment. By choosing KPSR, you are choosing a local family of real estate professionals to manage your property. The nature of a busy, transient town like Karratha means that staff turn over is notoriously high, but with KPSR, you can rest assured knowing that you’ll always have three highly trained property managers with our fingers on the pulse looking after your property at all time.
Our property management services
Once you have entrusted Karratha Property Sales and Rentals to manage your property, you will be exclusively authorising our agency to act on your behalf. Our team of property managers will be responsible for the day to day management of your property and tenancy.
Your property managers at KPSR will act as guardians of your property and will provide a range of personalised services that all include:
- Professionally screening and helping you to select tenants.
- Providing a detailed explanation of the owners and tenants rights and obligations.
- Receiving rents and issuing receipts.
- Arranging for repairs and maintenance to the property.
- Paying of accounts such as water services and council rates.
- Exercising the owners and tenants rights to terminate leases and tenancies.
- Reletting the property at the end of each tenancy in the event of a vacancy.
- Preparing and checking the property’s inventory.
- Professionally and accurately reporting on the condition of the property at the inception, during and end of each tenancy.
Finding the right tenant for your property
It’s no secret that when you buy an investment property, or rent your home, it’s important to secure long term tenancies where possible to maximise the investment returns. At KPSR, we will use our experience, knowledge and data resources to find you a suitable tenant in the shortest possible time. We are a boutique agency and are proud to have a very tidy rent roll. We strive to work with tenants who will treat your property very well.
OPEN HOMES – With the increasing demand for rental properties in Karratha, it is common for us to suggest opening the property at an agreed time to ensure a sufficient pool of candidates view and apply for the property at one sitting.
ADVERTISING – We are constantly monitoring the best medium for advertising your property, for the purpose of attracting a suitable tenant and ensuring the best result for your dollar. To ensure that your property is leased to the best possible tenant, your property manager will select the most appropriate medium to promote the vacancy, which may include website advertising, social media, print media and office rental lists.
Your responsibilities as the owner
Owning an investment property is one of the most popular methods for acquiring wealth. However, you’ll need to be aware of the sorts of responsibilities that you will have as an owner. The most obvious responsibilities are:
- To provide the premises in a reasonable state of cleanliness and repair having regard for the age, character and prospective life of the property.
- To comply with all requirements in respect of health, building and safety laws in so far as they apply to the premises.
- To ensure that the property is kept in good condition. Some expenditure incurred for repairs (not of a capital nature) can be an allowable tax deduction against rental income.
How to set a fair rental price
Setting a rental price is one of the most critical decisions you will make as the owner of the property. KPSR are exceptionally qualified to assist you with determining a fair market rental value for your property.
The location, property attributes and condition of the property are all taken into consideration when assessing the rental figure, as is the length of term offered.
Some owners make the mistake of setting the rent too high and consequently not attracting a tenant for an extended time. This will waste your advertising dollar, along with the loss of potential rent whilst trying to secure a suitable tenant willing to pay the higher rate, causing your listing to “go stale”. KPSR aim to achieve the best possible results for our Landlords and look forward to working with you to place your property in the market.
Please note that the above information is intended as a guide only. Please contact our office for more information on leasing your Karratha property.
We look forward to meeting you and discussing your property goals in person!