RENTALS & PROPERTY MANAGEMENT

Property Management is one of our key areas of real estate and we are proud to offer you our communicative and reliable service.    

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We are dependable and we care. We show this by building rapport with our owners and tenants alike and by watching over our landlords assets as if they were our own. 

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We manage properties across Adelaide and its suburbs, North, South, East, and West and on the South Coast, as far away as Port Elliot.

 

We look forward to discussing your property needs with you on 0413 027 669.

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In the meantime, our MAGNOLIA ESTATES PROPERTY MANAGEMENT processes are outlined below

 

INVESTMENT PROPERTY PREPARATION

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When our clients introduce us to their investment properties early, we can help them maximise their potential returns with simple, effective suggestions as they make preparations to join the rental market. Preparations include painting, gardening, carpet cleaning, window cleaning, and general maintenance. It is advisable to present the property in its best light and as you want the tenants to continue caring for it. 

 

APPRAISAL - PROPERTY PRICING 

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To accurately appraise your rental property we use comparative analysis, comparing your investment home to other rental properties in the same or closely neighbouring suburbs. Such properties need to have a similar land size, the same number of bedrooms and bathrooms and they must match closely to your own investment property. 

 

MARKETING 

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Most tenants find new rental homes online and thus we advertise available properties on numerous real estate portals, to make the search as easy as possible for prospective tenants.  

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We also have a current rental listing document readily available for potential tenants to view. 

 

Our marketing programs are as reasonably priced as possible and we can tailor a program to suit your budget and your property. 

 

 

TENANT SELECTION 

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Choosing appropriate tenants for your investment property is paramount. It is not just about finding good quality tenants, although the importance of that aspect cannot be underestimated. It is also about matching tenants to the right property. Is it big enough for them and is it close to the facilities they require? Does it have enough space and car parks for the number of people and cars? Thinking this through intelligently will save headaches in the long run. 

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Comprehensive application checking is paramount to our tenant selection process. The application process is invasive for tenants as we gather vital information to safeguard the future of your asset. Owners are involved in the selection process and the final choice is theirs. 

Once tenants have been selected, we share the good news immediately and we provide tenants with our Magnolia Estates processes and expectations for the term of the tenancy, including agreements to be made and monies to be paid immediately. 

 

BONDS 

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Bonds are paid into our Trust Account and paid to Consumer Business Services (CBS) for the term of the tenancy. When the rent is $250.00 per week the bond is 4 weeks' rent. When rent is $251.00 and above the bond collected is 6 weeks' rent, to be held in the CBS Trust Account. 

 

RENTAL  ARREARS

 

Rent is paid into our Trust Account either fortnightly or monthly and we monitor rental payments closely. If tenant payments are late

arrears are dealt with proactively and swiftly. 

 

PROPERTY MAINTENANCE 

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We induct new tenants and part of this process instructs that maintenance can be reported at any time, there is no requirement to wait until the next routine inspection. We have a team of trusted tradespeople we work with, or you can provide us with details of your own preferred experts. 

The Magnolia Estates Difference

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We are reasonable, caring, and communicative and we work collaboratively with our owners for the very best results. 

If you would like to talk to one of our current Landlords about the services we are providing, that can be arranged. 

 

 

Did you know, 27% of Australia's 9.6 million dwellings are owned by investors & often a Property Manager is employed to look after these properties?

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The estimated value of these properties is around $1.4 trillion, making the role of a Property Manager important because a PM can significantly impact upon the value and returns an investor will achieve. A good PM will make astute suggestions, to improve your returns. Thus this is one of many reasons to find a professional and proactive PM agent to care for your assets. A good PM will find quality tenants and keep your property well maintained, organising necessary maintenance repairs swiftly, and preserving the asset. 

 

Property Managers must be licensed and registered with Consumer Business Services (CBS). Agency owners & supervisors must complete the full LAND AGENTS qualification and be registered with CBS. 

 

Duties of our MAGNOLIA ESTATES PROPERTY MANAGEMENT DEPARTMENT include but are not limited to,  

 

• Marketing the property 

• Taking enquiries

• Setting and holding open inspections

• Finding & screening appropriate tenants

• Completing Management Agreements and Tenancy Agreements

• Overseeing general maintenance 

• Providing legal property updates to owners

• Collecting rent, bonds and water payments as per each tenancy agreement 

• Chasing arrears if any

• Lodging bonds with Consumer Business Services 

• Completing ingoing, quarterly and outgoing inspections 

• Reporting maintenance issues to the owners and with approvals, organising appropriate trades repairs

• Organising access for tradespeople, often accompanied by the property manager

• Re-letting 

• Rent increases  

• Liaising between the tenants and the landlord, so the owners keep their privacy