7/58 High Street Toowong
07 3217 7222
07 3870 7076Contact us
Landlords’ Guide to Our Property Management Service
Professionals Toowong Real Estate offers a residential Property Management service for all property types, in all areas. Every one of our Property Managers is licensed by the Queensland Property Agents and Motor Dealers Association. All Property Managers have successfully completed the Real Estate Institute of Queensland’s Residential Property Management Course. Contact us to receive a complete information booklet on the Property Management services offered by Professionals Toowong Real Estate.
Understanding your contracts
When your property is managed by Professionals Toowong Real Estate there are two main contracts that you need to understand: ‘Exclusive Authority to Act as Managing Agent’ and ‘Lease of Residential Premises’.
Exclusive Authority to Act as Managing Agent
This is an agreement between the property owner and Professionals Toowong Real Estate which gives us the right to manage you property.
Lease of Residential Premises
This is an agreement between the property owner and the tenant. It is signed on behalf of the owner by a member of Professionals Toowong Real Estate’s Property Management Team. In addition to a standard lease, Professionals Toowong Real Estate adds our own Special Conditions.
Inspections of rental properties are carried out at various stages by a member of Professionals Toowong Real Estate’s Property Management Team.
This is carried out before a tenant occupies the property for the purpose of preparing a Property Condition Report.
This is conducted after a tenant takes possession of the property. The first routine inspection is usually 3 months after the commencement of the lease and 6 monthly thereafter.
The last inspection is carried out as soon as possible after the end of a tenancy. The original Property Condition Report identifies any items that need to be rectified by the tenant.
Reading your owner statement
At the end of every month all monies held, unless instructed otherwise, are paid to you by way of direct deposit to your nominated bank account. A statement is issued at the same time outlining debits and credits for that month.
Maintenance on Your Property
Professionals Toowong Real Estate can organise all aspects of maintenance for your property. You will be advised of any problems and contacted to authorise the repairs.
This is maintenance that must be carried out to avoid personal injury or further damage to your property. Even in the case of emergency maintenance, every attempt will be made to contact you.
Maintenance of Lawns and Gardens
The maintenance of lawns and gardens at a rental property is the responsibility of the tenant, unless otherwise stated on the ‘Lease of Residential Premises’.
All property management fees charged by Professionals Toowong Real Estate are completely tax deductible. They are all noted on your monthly owner statement, which makes submitting your tax return simple. A summary statement of fees charged for each financial year is available as at June 30th.
All invoices and accounts paid by Professionals Toowong Real Estate on your behalf are also noted on your monthly owner’s statement and your financial year summary statement.