BOURKE introduces Gold Coast Prestige Rentals
as its Residential Property Management partner
Looking to make the most from an investment property? Quality management can bring you peace of mind and ensure your investment performs at its peak.
Bourke has partnered with Gold Coast Prestige Rentals as its preferred residential property management company, Gold Coast region.
Gold Coast Prestige Rentals is the trading name for Rescom Support Pty Ltd which is directed by Jamie Bourke and Michele Decroix.
The day-to-day management is overseen by Michele with her property managers fulfilling the daily tasks and duties.
Responsibilities of a Property Manager
Tenant Selection
To ensure you gain the best possible tenants our rigorous selection process fully investigates the past and current employment details, rental history, financial and identification details of applicants.
Inspections
Prior to a tenant moving in we rigorously assess your property and provide a detailed report of its condition. General inspections are then conducted up to three times a year. An inspection report advises you of the state of your property, how well the tenant is maintaining it and what repairs are required. Dependent on your requirements photographic records can also be maintained provided the tenant agrees to photos being taken. We can also arrange annual building and pest inspections on your behalf.
Payments
Tenants are required to pay by direct debit and our office has a ” No Arrears ” policy . Through our management software we gain immediate notification of overdue amounts and act quickly to ensure payment. In the event your tenant falls into arrears we issue arrears letters, make phone calls, call into the property and issue terminations when required.
Disputes
Disputes with tenants are uncommon and are generally expediently resolved by our property management team. Should a satisfactory result not be gained through negotiation the Property Manager applies for a Consumer, QCAT Tribunal hearing, at which we are able to prepare a case to represent the landlord’s interests.
Maximising Returns
Maximising the returns of your investment is one First National Territory prioritises. We regularly assess the rental prices of properties taking into consideration factors including market conditions and the quality of the tenants. We also provide advice regarding potential improvements to your property and keep you regularly updated with what’s happening in the real estate market.
Rental Information
YOU MAY KNOW THAT PROPERTY MANAGERS EXIST
But you might not know what exactly a property manager does. A property manager is a third party who is hired to handle the daily operations of a real estate investment. They can manage all types of properties, from single family homes to large apartment complexes. There are two types of property management companies, residential and commercial.
Responsible for Tenants
One of the main responsibilities of the property manager is to manage tenants. They are involved in all capacities, from finding the tenants and dealing with complaints to initiating evictions.
Finding Tenants
property managers are responsible for marketing the property to fill vacancies. They know where to advertise and what to include in their ads. They also understand what attracts tenants, so they can suggest making cosmetic improvements to help makeover the property.
Screening Tenant
they are responsible for sorting through the prospective tenant applications to find the tenant that is the best fit for your property. They have a consistent screening process, including running employment checks and checks using TICA. Experienced property managers have seen hundreds, even thousands, of tenants, therefore have the experience in screening new tenants, have a longer tenancy and create fewer problems.
Handling Leases
they are responsible for setting the length of the lease and making sure it has all the necessary provisions to protect the owner. This includes determining the amount of Bond required.
Handling Complaints/Emergencies
they are paid to deal with maintenance requests, noise complaints and have the necessary contacts to handle emergency situations.
Handling Move Outs
when a tenant moves out, the manager is responsible for inspecting the unit, checking for damages and determining what portion of the Bond deposit will be returned to the tenant. arrange the repair of any damages and finding a new tenant.
Dealing with Evictions
when a tenant does not pay rent or otherwise breaches the terms of a lease, the property manager understands the proper way to file and move forward with an eviction.
RESPONSIBLE FOR RENT
Property managers are responsible for setting the initial rent level, collecting rent from tenants and adjusting the rent.
Setting Rent
the property manager knows how to set the right rent level to attract tenants to your property. They have an understanding of the market where the property is located and have looked at comparable properties in the area.
Collecting Rent
they play the role of the enforcer. They ensure optimal cash flow by setting a date to collect rent each month and strictly enforcing late fees.
RESPONSIBLE FOR MAINTENANCE AND REPAIRS
Property managers are responsible for the physical management of the property, including regular maintenance and emergency repairs
Maintenance
they are in charge of performing preventative property maintenance with the agreement of the owner to keep the property functioning in top condition. For example, they arrange the annual Pest inspection and Smoke alarm checks when new tenants move in. This maintenance aims to keep current tenants happy and attract new tenants.
Repairs
when there is an issue, the property manager attend to it themselves or arranges someone to attend to it. They often have a large network of reliable plumbers, electricians, carpenters and other contractors.
RESPONSIBLE FOR KNOWLEDGE OF LANDLORD-TENANT LAW
Good property managers have a thorough knowledge of laws regarding the proper ways to:
- Screen a tenant.
- Handle Bond deposits.
- Terminate a lease.
- Evict a tenant.
- Comply with property safety standards.