Residential Property Management
If you are a homeowner renting out an investment property, you’re probably aware that effective management takes time. Residential property management takes the stress off property owners. A good management service will take care of finding tenants, negotiating lease requirements, and keep the residence safe and liveable.
Rental Management Australia offers a unique and professional service designed to ensure the ongoing success of your investment property.
What is residential property management?
Residential property management is a service that helps homeowners look after their investment properties. RMA’s extensively-trained rental property managers will handle tenant selection, advertising, repairs and maintenance, and all the pesky paperwork that accompanies it. This takes the stress off property owners and provides top quality care for your rental.
Working with a rental property management agency can help increase your income and keep your properties rented. It can also improve tenant satisfaction, and keep costs low. Customer service is our number one priority, and we keep you updated on every development about your property. You can relax knowing that your property is in good hands.
What do residential property management services include?
A residential property management service will offer a range of assistance depending on your needs. We look into rental history, criminal history, and current credit scores to make sure your tenants will be treating your property in a respectful manner. We also handle all communication with tenants, including collecting rent, answering tenant enquiries, and lease negotiations.
We also keep tabs on the vacancy period of your property. Reliable industry experts understand that marketing is a job that needs to be done right. We post ads online and in print to ensure that your property receives as much exposure as possible, helping homeowners cut down vacancy periods.
What does a residential property manager do?
A residential property manager oversees the day-to-day operations of your rental property. RMA offers a wide range of property management services from tenant support to property maintenance, all carried out by trusted property managers. As a homeowner, you can outsource all communication with tenants, property inspections, lease agreements, repairs, and more to your property manager. This allows you to rest assured that your rental property is in safe hands.
At RMA, our property managers will keep you updated on the status of your property through the ‘MYproperty’ portal, accessible to clients 7 days a week. All data regarding tenancy, rent and insurance can be accessed through the portal for your peace of mind.
How much do residential property managers charge?
Property management fees are determined by the services they provide. With RMA, this number is typically between 7% and 10% of the rental income generated by the property. This number will vary based on what services your property manager is providing.
As long as you are using your property for rental purposes, any property management fees you pay may be tax deductible. Research the rental expenses you can claim now to start getting the most out of your property management experience.
Is residential property management the right choice for me?
Managing a rental property can be time consuming, but outsourcing to a rental management company like RMA can give you the peace of mind to focus on what you enjoy. Chat to our team for more information about our residential management services.