cps property management fees & schedule
DESCRIPTION
ÂTRANSCRIPT
What typically happens at settlement?• Around 50% of apartments enter the market at one time creating
an oversupply of rental property
• There are competitive pressures between owners and agents
• Competition creates downward pressure on rents
• Competition creates upward pressure on vacancy
• The initial months of a building’s life can be chaotic if there is no
strategy in place
Our Strategy• Advertise the properties several months out from settlement,
securing tenants and applications early
• Conduct tenant inspections during the finalisation of construction
• Have tenants ready to move in upon settlement
• Rents set by a single source to avoid external competition
• Rents are maximised as tenants cannot shop around to get a better
deal from other agents
• Leasing completed calmly and efficiently
• Over time increase rents and keep vacancy to a minimum
Tenant SelectionSelecting the right tenant can be the difference between a problem
free investment or an investment that will cost you thousands. Below
are our methods to avoid these costly mistakes.
• A poorly completed application is an early indicator of tenant
standard and used in the selection process
• Short lease offerings by tenants are to be avoided as they can be
costly in fees and vacancy
• Avoid excess wear and tear by keeping tenant volumes low
• 100 point ID check to confirm who is really leasing the property
• National tenant reference check with TRA to confirm rental history
• Call employer to confirm income and ability to pay rent
• Call current property manager to check that their property is in good
condition and rent is paid on time
Once we have provided you with our tenant recommendation the final
decision is up to you to proceed and lease the property or go back to
the market.
LEASING & MANAGEMENT OF YOUR INVESTMENT PROPERTY
1300 937 277 Suite 406, 55 Holt St, Surry Hills NSW 2010 www.cpsproperty.com.au
• Securing tenant
• Reference checking
• Lease preparation and signing
• BPAY rent collection
• Arrears management
• Payment of rates and levies
• Insurance management
• Coordination of all repairs, maintenance, defects
and renovations
• Periodical rent reviews and renewals
• Detailed ingoing and outgoing inspections
with photos
• Bond refunds
• Bond Lodgments & Refunds
• Up to four routine inspections per year including photos
• Annual scheduled maintenance and improvement report
• Sales valuations
• Smoke alarm compliance
• Tribunal representation
FEATURE OPTION 1 OPTION 2
Service Fee5.5% GST inclusive
9.9% GST inclusive
Letting Fee 1 x weeks rent + GST No charge
Advertising $176.00 GST incl No charge
Statement/Sundry Fee $11.00 GST incl per month No charge
Lease Preparation Fee $33.00 GST incl No charge
Tribunal Representation $110.00 per hour No charge
Renewal Fees 1 weeks rent + GST No charge
Professional Photography $ 132.00 GST incl No Charge
Floor Plan $ 88.00 GST incl No Charge
OUR LEASE AND MANAGEMENT PACKAGE INCLUDES:
1300 937 277 Suite 406, 55 Holt St, Surry Hills NSW 2010 www.cpsproperty.com.au
Tenancy Reference Search $ 55.00 No Charge