Questions you should ask your Property Manager
Not all Property Management companies are created equal. We
encourage you to ask your Property Manager the following
questions:
Cashflow
Q: Once a tenant pays rent how long does it
take for it to be paid into my bank account? I have heard that with
some agents this can take too long.
At RUN:Your rent is dispersed to you as
soon as rent is cleared or if you would like you can nominate a day
of the month for it to be paid. We have a measure called "Money On
Time Early Release" that monitors this process.
Q: Can I see all my financial records and
copies of invoices online?
At RUN:You can view all your financial
details, financial transactions, important documents, tenant and
lease details online 24 hours a day 7 days a week.
Q: How long should it take to lease my property
should it become vacant?
At RUN:We have over 10,000 tenants looking
for properties. We have a dedicated leasing team who ensure the
effective leasing of your property. In addition to standard leasing
activities we work with relocation agents across Australia who
facilitate the moves of many Executives from large Australian and
International clients.
Leasing
Q: Are experienced leasing professionals
dedicated to finding the right tenants for your property?
At RUN: We have Executive Leasing
specialists who work with your Property Manager to ensure you get
the highest quality tenant and the best rent - fast!
Q: Are Open for Inspections held for properties
for lease?
At RUN:Regular open for inspection times
are scheduled to suit prospective tenants needs.
Q: Are prospective tenants personally shown
through properties for lease?
At RUN: We work with prospective tenants to
personally show them properties.
Q: Is your property marketed on at least 4
websites, plus For Lease books at each local office?
At RUN: Your property gets maximum exposure
when we are leasing it.
Q: Are tenants carefully selected and checked
to ensure your valuable investment property is leased to the best
possible tenant?
At RUN: A rigorous interview and screening
process is conducted to ensure the highest quality tenant is
selected.
Property Management
Q: Are documented systems in place for property
management?
At RUN: We have systems and processes in
place with detailed KPI's that are centrally monitored to minimise
the chance of human error. We have brought Property Management into
the 21st century.
Q: Are rent arrears followed up every day, with
letters sent out at the right time and in accordance with
legislation?
At RUN: We have a sophisticated system that
ensures rent is paid on time. Should it be required RUN follows the
processes required under legislation.
Q: Are rent reviews negotiated regularly to
achieve the best possible market rent?
At RUN: You can expect regular rent reviews
to ensure your property is always at market level.
Q: Are all contractors working on my property
properly licensed and insured?
At RUN: We have a large network of
contractors who are experience, licensed and insured to ensure any
necessary works are completed effectively.
Q: Are repairs and maintenance dealt with
promptly, and in accordance with owners instructions?
At RUN: We work closely with you to ensure
all necessary works are efficiently managed.
Q: Are contractors regularly reviewed to ensure
competitive pricing?
At RUN: We leverage our multi office
network to ensure you get the best price and highest quality works
possible.
Q: Are property inspections detailed and
include photos?
At RUN: Our inspections include photos
these can also be viewed online through our unique landlord portal,
RUN Online.
Q: Are experienced and professional staff
leasing and managing my property & are they receiving ongoing
training?
At RUN: RUN staff are hand picked to ensure
the are the best. We coach and train all staff to the highest
standard.