It's IMPORTANT to ask yourself: - When arranging Property Management
documents and tasks do I have a thorough understanding of the
Residential Tenancies Act? This is a highly specialised aspect of Real
Estate. It is fraught with the danger of litigation in almost every task
A competent Property Manager not only possesses a strong
understanding of their role, they continually increase their knowledge
of insurance requirements, changes to legislation and industry and
market trends to ensure all clients achieve the highest level of service
at all times.
If you are considering managing your own investment property then it's wise to consider the following points:
- Do you possess a thorough understanding and knowledge of The
Residential Tenancies Act in order to maintain a fair and professional
relationship with your tenant?
- How much do you know about the tenant selection process?
- Do you know how to lodge your tenants' Bond money in accordance
with the Residential Tenancies Act requirements and within the required
- Do you know the right procedure when dealing with rental payment arrears?
- Do you have a concise knowledge of The Residential Tenancies Act to effectively represent in Court?
- Could you successfully terminate your tenancy and recover possession of your property without the need to go to Court?
- Could you complete a valid Property Condition Report with enough detail to stand up in Court if necessary?
- Do you know the correct procedure when the tenant has absconded and abandoned goods remain at the property?
- Would you be able to recover any outstanding debts?