Landlord Frequestly asked Questions
Q: What are the costs involved in FMR managing my
property?
A: Every property is different, and costs depend on each landlord's individual
requirements.
Our fees reflect the number of properties we manage for
you, the type of properties, and the time required to offer professional
property management.
Q: How
do I know you'll find a good tenant for my investment
property?
A: FMR has devised a stringent qualification process for the selection of
tenants.
Our tenancy application form requires prospective tenants to
provide extensive personal, financial and professional details. This
is all thoroughly checked by FMR and verified before the applicant is
considered for a tenancy. We also check every applicant's rental history
and credit information through the National Tenancies Database Pty Ltd.
Many of our tenants are sourced from our extensive database. They are
former tenants with an excellent rental history with FMR.
Q: Can
I be sure rent will be paid on time?
A: Our stringent policy on late rental payments is a 3-step process
that is fast-acting and effective.
- If rent is five days in
arrears, the tenant receives a reminder by email, SMS message
to their mobile phone, or mail.
- If rent is still unpaid after
10 days, the tenant receives a letter or email informing them
that a termination notice will be served unless the rent is
received.
- If rent is overdue by 15 days, we serve the tenant
with a 14-day termination notice, subject to your approval.
Q: Do
I have any say in how my property is managed?
A: Yes of course. FMR has flexible options for landlords. You can leave all
management details to us, or we can customize our services to meet your
needs.
Q: We
recently bought our first investment property and can't
decide if we want to self-manage the tenancy or appoint
an agent.
A: Many landlords are tempted to self-manage their investment property.
This sounds straightforward and cost-efficient, but experienced investors
know the value of professional property management.
- We handle all tenancy
issues
- do thorough tenant checks including credit checks
- and take care
of repairs and maintenance in consultation with you
We also keep thorough
financial records to help you comply with Australian Taxation Office
requirements.
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