Resources

Lily

LILY By FOX PM   We had the pleasure of having Lily from Melba Copland Secondary School undertake her work experience with Fox PM.  Three things Lily found surprising about the property management industry: How much work there is to do with all the different emails, messages and phone calls. The background of Allhomes. The organisation of forms and apps etc. We also asked Lily if she felt this work experience could lead into a job in the future and her response:Yes, I do. After learning a lot about the procedure of the industry, I have found many reasons that

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ACAT

ACAT By FOX PM ACAT is the Australian Capital Territory Civil & administrative Tribunal. The Tribunal’s jurisdiction powers and procedures are defined by the ACAT Act, other authorising laws and its Rules and Directions.  When there is a dispute between a property manager and a tenant that cannot be resolved, the members of ACAT hear these cases via mediation and provide rulings on matters to do with tenancies in the ACT or proceed to the court for a full hearing. While the ACAT is not a court, their rulings are legally enforceable.  Many property managers regularly find themselves at ACAT

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Best time of year to rent

best time to rent Our market has historically been quite stable but there are some trends when it comes to the best time of year to rent out your property. SUMMER: Canberra has a very fluid population and the Nov – Jan period is always a busy time with lots of tenants looking for rentals as they come into Canberra for work or study.  WINTER: Always a slightly slower period of time, the cold tends to see fewer rentals on the market and slightly longer vacancy periods.    SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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Lessor costs

lessor costs By FOX PM The lessor is responsible for the cost of the following: (a) rates and taxes relating to the premises; (b) services for which the lessor agrees to be responsible; (c) services for which there is not a separate metering device so that amounts consumed during the period of the tenancy cannot be accurately decided; (d) all services up to the time of measurement or reading at the beginning of the tenancy;(e) all services after reading or measurement at the end of the tenancy providing the tenant has not made any use of the service after the

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Attracting good tenants

attracting tenants By FOX PM Securing a quality tenant for the best price does not happen by accident; nor does it happen by offering the ‘bare minimum’ standard property. The following list of features that are sought-after by most tenants can be included in almost every property:  Privacy and security Heating  Access to internet Lock-up garage Plentiful storage space (cupboards, garden shed, etc) Well-presented interior (ie interior paint & floor coverings) Covered outdoor living area Modern appliances including dishwasher Good neighbourhood Low-maintenance yards or include a gardener. Tenants will pay more rent for features that matter to them. If you

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Bond

bond By FOX PM A bond is a payment of no more than 4 weeks rent that the tenant pays before the start of the lease. The bond is lodged with the Rental Bonds office. A bond does not have to be applied to a property however the bond is used as an insurance policy for any damage caused to the property by the tenant, keys not being returned by the tenant or cleaning costs if the premises was left unclean at the time of the final inspection.  If everything is ok with the final inspection, a bond refund is

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Inspection attendance

attending property By FOX PM We conduct routine property inspections to ensure the lease agreements are being met and that the property is being kept in a reasonable state. The outcomes of these inspections are provided to you in a written report in your owners portal however should you feel this isn’t sufficient, we welcome you to attend an inspection.  SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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Hidden Fees

HIDDEN FEES By FOX PM Property management fee structures have traditionally been a combination of a management fee then sundry fees of numerous amounts that add to quite a large value. Can you believe that some agencies are still charging a posting fee? In a digital age this seems ridiculous to us so at Fox there are no hidden fees. Ever.  Fox PM has a simple fixed management fee and a tenancy establishment fee only payable if and when you need it.  SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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