Property Management Toowoomba
Property Management Guide
Need help managing your property portfolio? The Real Estate People is here to help! We are well known for our reliability and expertise by landlords and tenants alike throughout Toowoomba. Finding a good property manager can be an arduous task Our property management service means you are supported by a team of real estate professionals who can help maximise your property returns. We achieve this by:
- Performing regular comparative market analysis
- Tailoring a rental payment schedule
- Marketing on various platforms
- Conducting quarterly property inspections & property viewings six days a week
- Providing constant communication between landlords & tenants
- Providing a transparent property management fee structure
Want to get started today? Speak with our friendly team any time.
Leading Property Management From The Real Estate People
The Real Estate People manages properties in the Toowoomba region and surrounding areas through an innovative property management team.
Property management and rental services are our specialities, and we guarantee that your property will be managed by experienced, reliable, and diligent property experts.
Keeping your property in good shape means conducting comprehensive tenant background checks and following a strict and thorough management process.
Our leasing team is dedicated to ensuring that we keep the vacancy rate low while achieving the best results for your property.
Your investment is in good hands with us.
Get a no-obligation rental property appraisal by calling us on (07) 4633 8899 today.
Benefits Of Property Management
For landlords and property investors, the benefits of property management are numerous. These include:
- Professional management of day-to-day tasks & responsibilities associated with rental properties
- Increases rental income by setting fair market rent & reducing vacancy rates
- Improved tenant satisfaction and retention
- Handling maintenance & repair requests, as well as emergency situations
- Efficient collection of rent & management of late payments
- Protection of the property owner’s financial & legal interests
- Reduction of property owner’s involvement in time-consuming & potentially stressful tasks
- Enhanced property value & marketability
What Does A Property Manager Do?
Marketing
We make it our business to market your property efficiently. We do so by creating videos, eye-catching photos, and accurate descriptions to help us find the right tenants for your property.
As well as this, we’ll let you know of any updates needed to improve your property and attract quality tenants. Rest assured, we take charge of everything, including showings.
We utilise social media channels to advertise properties, ensuring your property is seen by your target audience.
Screening Tenants
Screening tenants can be a time-consuming process, so some landlords may skip this process when renting their property. This, however, often results in landlords renting their property to unreliable or unsuitable tenants.
For this reason, we handle all screening processes on behalf of our clients including running a credit check and contacting rental referees. Our processes are thorough to ensure the best tenant possible is chosen to rent your property.
Rent Collection
At The Real Estate People, our rent collection service ensures our landlords are always paid on time. We also work closely with solicitors and agents to handle late rent collection, ensuring everything we do is according to the law and local regulations in Toowoomba.
As property management experts, we appreciate that landlords do not have time to chase tenants for rent, which is why we provide a reliable and efficient rent collection service. We want to treat tenants fairly while ensuring investors get their returns, as expected, every month.
Property Maintenance
In order to retain top tenants, fast and reliable property maintenance is essential. Whether you require property maintenance during a rental contract or in between tenants, we will ensure your property is in the best condition possible.
We have a network of reliable maintenance staff who maintain all the properties under our management and carry out maintenance requests from tenants. We handle all maintenance requests, from small issues such as broken lights to emergencies – such as a burst pipe.
You Still Make The Final Decision
While we will take care of lease renewals and other formalities, the final decision and approval for tenants is still yours to make. We understand that our role is to alleviate your landlord duties so you can spend more time with your family and on work. You can trust our team to find, select and retain the right tenant for you, as well as helpful tips for renting out your investment property.
So, if you’ve got a property in Toowoomba that is in need of a tenant, leave it to the team at The Real Estate People! Download our Property Management Booklet for more information on our services.
We Take Pride In Our Communication
If you ask seasoned property investors what matters most to them in a managing agent, they’ll likely say it’s communication. To protect their assets, landlords need to look at what’s happening with their properties, their options, and their property managers’ actions.
Our company prides itself on communicating with clients more effectively than anyone else in the market, and the importance of good communication goes beyond just keeping landlords informed.
Property management starts with respect. The landlords we work with deserve respect, just as the tenants they rent their properties to deserve respect. A property manager plays an integral role in communication between the property owner, the property manager, and the tenant.
To make sure every tenancy runs smoothly, we inform both landlords and tenants of their responsibilities at every stage.
Why Choose Property Management From The Real Estate People?
Our team at The Real Estate People can take care of marketing, screening tenants, rent collection and property maintenance, among other helpful services. We’ll reduce stress for you and utilise our expert knowledge of the local rental market, as well as legal and financial aspects of property management.
Contact The Leading Property Managers In Toowoomba
The Real Estate People is your local Toowoomba agency that has your best interests at heart and will strive to protect your investment at all times.
You can trust our team to ensure your property is not left vacant or damaged, while we are also strong advocates for our tenants to ensure every party is satisfied.
If you are looking for someone to manage your rental property, or you are seeking a new place to rent, please contact our expert team today on (07) 4633 8899.
Frequently Asked Questions
What Is The Role Of A Property Manager?
The property manager is responsible for finding, screening, and managing tenants on behalf of the landlord and being the primary contact for the tenants.
As a result, the property manager deals with problems ranging from evictions to emergencies, complaints, leases, and end-of-tenancy arrangements.
They are also responsible for locating suitable tenants, ensuring rent is paid, all property maintenance, routine inspections, general administration and being the conduit between the tenants and the landlord.
Can't I Manage My Property Myself As The Landlord?
While managing your property may seem like a financially better decision on the surface, there are several challenges investors need to be advised of.
Firstly, property managers have access to tenancy databases which allows them to screen applications and protect your investment; you will not have access to these resources.
Tenants with questionable rental histories are aware of this and will often gravitate toward private rental arrangements. So, you will be raising your risk profile when it comes to getting tenants that might damage your property or fail to pay rent on time.
How Do You Choose A Good Property Management Agency?
Identifying a good property management agency can be quite challenging. Start by knowing the reputable local agents and their qualifications. Talk to other landlords for references before contacting the company to know their experience and services in the field.
At The Real Estate People, we are more than happy to talk about our experience and offer references to our service. Simply get in touch with our friendly team today to learn more.
Can Your Agency Manage Multiple Properties?
Yes, at The Real Estate People we are happy to work with landlords who own multiple properties. We appreciate the larger your property portfolio may be, the less time you have to spend on tasks such as tenant screening and rent collection, which is why we can provide these services on your behalf.
What's A Good Rental Yield In Australia?
A rental yield is the return on investment (ROI) generated by a rental property expressed as a percentage of the property’s value. In Australia, a good rental yield is around 4-5%. However, this can vary depending on the location, type of property and market conditions. Rental yield is just one factor to consider when evaluating a rental property investment; other factors, such as capital growth and tax benefits, should also be taken into account.
What Are The Qualities Of A Great Property Manager?
A great property manager should have a strong understanding of the local rental market, as well as the legal and financial aspects of property management. They should also be professional, organised and possess excellent communication skills. A good property manager should build strong relationships with tenants and respond quickly to their needs and concerns. They should be able to handle challenging situations, such as eviction proceedings, calmly and professionally.
Is It Better To Buy A Unit Or House For An Investment Property?
The choice between buying a unit or a house for an investment property will depend on your individual circumstances and goals. Units are often more affordable and require less maintenance, making them a good choice for those just starting out in property investment. However, houses generally have the potential for higher rental returns and are typically more desirable to renters. It’s important to consider the local rental market, as well as the demand for different types of properties when making this decision.
Why Is Screening Tenants Important?
Screening tenants is an essential step in the property management process as it ensures you select the best possible tenant for the property. Key benefits include:
- Protecting the property owner’s financial interests
- Minimising property damage
- Reducing legal risk
- Improving tenant satisfaction
- Enhancing the reputation of the property
Why Is It Important To Perform Regular Comparative Market Analysis (CMA)?
Performing regular CMA is vital in property management to ensure that rental properties are being marketed at a competitive and fair rental rate. A CMA compares the rental rates of similar properties in the same area to determine the market rental rate for a specific property. This allows property owners to maximise potential income, stay up to date with the local rental market and make informed decisions.
How Important Is Communication Between A Property Owner And Tenant?
Communication between property owners and tenants is crucial, and a property manager offers the most efficient and convenient communication method. A property manager can:
- Establish clear communication channels
- Act as a mediator in the event of disputes or misunderstandings
- Provide regular updates to both parties
- Respond promptly to enquiries
- Maintain thorough records of all communications between landlords & tenants
- Help foster a positive & productive rental relationship
