Property Management
Property Appraisal
A residential rental appraisal is an assessment conducted by a property management company to determine the fair market rental value of a residential property. It considers factors such as location, size, condition, amenities, and comparable rental properties in the area. The appraisal helps landlords set competitive rental prices and maximise their returns.
Property Marketing
The purpose of residential property rental marketing is to attract potential tenants and promote available rental properties. It aims to generate interest, showcase the property’s features and benefits, and ultimately secure qualified tenants. Effective marketing strategies can help landlords fill vacancies quickly, maximise occupancy rates, and achieve above-market rental income.
Application Screening
The purpose of rental application screening is to evaluate prospective tenants’ suitability for a rental property. It involves assessing their circumstances, credit history, employment and income verification, rental history, and references. The screening process helps landlords make informed decisions to ensure responsible and reliable tenants, reduce potential risks, and protect the property.
Tenant Onboarding
Tenant onboarding is the process of establishing rules, responsibilities, and expectations for new tenants when they move into a rental property. It involves providing them with necessary information, such as lease agreements, maintenance procedures, legislation, and any other relevant guidelines. The purpose is to ensure a smooth transition, foster clear communication, and help tenants understand their rights as well as their mutual obligations.
Contracts and Legislation
While you are required to seek independent legal advice, we can assist you with providing relevant resources and general industry advice on legislative frameworks, industry standards, and SACAT rulings. We are also a member of REISA and use REISA-certified contracts for all Agreements.
Accounting
Property management accounting is a comprehensive service that handles rent collection, invoice processing such as insurance or council rates, and bond lodgement. It ensures accurate and reliable financial management for landlords as well as their nominated bank/broker, accountant or financial planner.
Routine Inspections
Routine inspections must thoroughly document and reflect the state of the property (cleanliness, damage and working order) at the time of inspection. When done right, this provides crucial contemporaneous evidence to present at SACAT should you ever need to. We pride ourselves on providing comprehensive routine inspection reports for this reason.
Entry/Exit Condition Reports
Entry and Exit Condition Reports document the condition of a rental property at the beginning and end of a tenancy. It serves as a comprehensive record of the property’s state, noting any existing damages, wear and tear, or maintenance issues. The report helps protect both landlords and tenants by ensuring transparency and clarity regarding the property’s condition throughout the tenancy, aiding in resolving any disputes related to damages or repairs.
Property Maintenance
It is important to protect your asset by keeping your property in good condition. Regular inspections, repairs, cleaning, landscaping, and preventive maintenance tasks are necessary to address any issues or prevent unnecessary deterioration that may occur if otherwise neglected.
Rent Reviews
Rent reviews carried out by property managers aim to maximise rental yields. Through evaluating market conditions, comparable properties, and lease agreements, property managers can determine suitable rent adjustments to optimize rental income while remaining competitive. These reviews assist landlords in achieving optimal returns on their investments.
Tribunal Representation
This is a service provided by Homekind Real Estate at SACAT to assist landlords in legal proceedings. Our property managers can represent you in disputes, mediations, hearings and resolutions, ensuring that your rights and interests are protected within the framework of SACAT regulations and SA legislation.
Insurance Claims
Assisting in insurance claims is a valuable service offered by Homekind Real Estate. We help landlords navigate the complexities of insurance claims for property damage, rent and/or invoice arrears, rubbish removal, and exit cleaning. From initial assessment to documentation and communication with insurers, we can ensure a smooth and efficient claims process, providing you with peace of mind that should the worst happen, we have your back.