Agents collect rent from the tenants, deduct fees and any invoices payable, and then transfer the remaining funds to their owners all at once in what is called a ‘Disbursement’. Most agents perform a disbursement twice a month – at mid-month…
In some Australian states, tenants are required to pay their rent monthly. In Queensland, there are no specific requirements for how often tenants pay their rent, as long as they do not fall behind in their payments. Most tenants tend to…
A Lease can be written for any period of time, as long as both parties (owner and tenant) agrees. A standard lease term appears to be 12 months; however, often a 6-month lease is negotiated to suit either party. We often recommend to…
Absolutely. Advertising of rental properties is largely misunderstood by the Real Estate industry. They rate Rental listings as second-rate to Sales listings, presumably due to the difference in commissions involved. While every care is taken with photographing Sales properties, most…
There is no minimum requirement to take a bond in Queensland. For general tenancies, the law says if the rent is $700 or less per week, the maximum bond amount is four weeks’ rent. If the weekly rent is higher than $700, the…
Property Management professionals look forward to the time when this is a question of the past, like ‘Why do I need a Solicitor?’ or ‘Why do I need Car Insurance?’ Indeed, you can represent yourself in Court or do your own…
The range of services provided by a Managing Agent can be quite extensive. How much you pay and which fees you are charged may depend on which services you require them to perform on your behalf. When people compare fees,…
Everyone wants to know they are getting a good deal – it’s human nature. If you want to ask for a discount, there is no harm in trying! It is quite common for agents to discount their management fee by…
These days, 98% of tenants look to the internet to find their next rental property. As a result, Managing Agents have had to become expert online marketers to attract the best tenants for the highest possible rental price with the…
Because the Property Owner carries the financial investment, they make the final decision on approving tenants. The agent’s job is to find potential tenants and check out their suitability for each property. If the tenant meets the agency’s criteria, the Property Manager should then present…
This is a tough question to answer because it’s totally up to the owner. Allowance of pets is one of the few things against which you are legally allowed to discriminate (unless of course the pet is an assistance pet such…
Processing tenant applications is an important task which, if not done properly, can result in a high-risk tenant being placed in your property. An agent should have a set list of criteria for approving tenants which should be openly advertised and adhered…
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