Friday, April 13, 2012

A message to all of my landlords -

The main point of this post is to have a bitch about some of my landlords. If you're a landlord and feel I'm way out of line here please tell me, other wise please take what I say to heart and keep it in mind!

1. If you haven't heard from me in a while, that's a good thing! It means everything is ticking along the way it should. I know we may have a friendly relationship, but that doesn't mean we're friends. I'm not going to call you for a chat, if I'm calling it means there's something wrong - your tenant is vacating, or is in arrears, there's a repair needed, etc. I'd love to have time to call and see if there's anything else you'd like me to do, but unfortunately that time does not exist.

2. Don't rent out a property that you have some form of attachment to - it's not going to stay how you remember it, and the tenants have the right to live their lives how they see fit, not how you think they should be living.

3. If you have a problem with how your property is being managed tell your property manager about it, don't go straight to their boss and complain, and don't make snide comments about it on social media like facebook. It will get back to your property manager and sour the relationship, without fixing the problem.

4. I also don't have time to call you and tell you what was wrong with the leaking tap/hot water system/tv antenna or whatever the last repair was that got done. You will get a copy of the invoice, read that. If you don't understand it call the tradesman who did the work, they will be more likely to explain it to you then what I will.

5. Remember yours is not the only property your property manager looks after. They are not sitting waiting for your call, and don't check in with your tenant every day.

Sorry for the whingy post, number 3 is what set me off tonight...

Friday, March 2, 2012

Don't you hate that!?!

I had a whole post ready to go and now it's gone!

That's what I get for trying to type one on my phone instead of using the word processor on my computer!

I'm going to bed, better luck tomorrow...

Tuesday, February 28, 2012

A usual day in Property Management

9:00am - Get into work and start computer up. Check to see what has appeared in your in tray since you were last here. Sort out the crap and put the important stuff somewhere where you can deal with it later. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

9:10am - Delete all the spam from your inbox, and start making your way through the real emails. Responding where required and making notes of things you need to get to later. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

9:30am - Return phone calls that you missed while you were out of the office. Make notes of any jobs that this creates. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

10:00am - check to see who's behind on their rent and text, email, send letters our call them to find out when it should be coming in. If there's any one who is substantially behind, call the landlord to update them on what's happening. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

10:30am - Go through applications that have come in and either call, email our fax for reference requests. Give all applications that are either incomplete or have been filled out incorrectly back to the receptionist so she can call the applicants back and tell them that we do need answers for all of the questions on the forms, not just some of them. If there are any suitable applicants try and contact the landlord to get them approved. Send text messages or call any of the dodgy applications to let them know they've been declined. Put aside any applications that are waiting on return phone calls. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

11:30am - Call landlords about repairs that need to be done on their properties, argue with them that while TV is not considered an essential service, the tenant rented a property with television reception, and therefore they need to get the antenna fixed so it works again. Also explain to them that you use your tradespeople because you've found that they are reliable and reasonably priced, and no you don't feel comfortable getting their nephew to do it for half the price. Agree with them that owning a rental property is supposed to be an investment, but point out that most investments also cost money, and they should have expected repairs when they bought it. Tell them you really don't have time to go over to the property to check to make sure the leaking tap they've reported hasn't been intentionally damaged, but your plumber would let you know that anyway. Enforce that just because their neighbour once stopped their hose from leaking, doesn't make him a licensed plumber, and he's really no better then the nephew. Agree to call them back to let them know how much the repair cost and what the problem was.

Action all repairs that you can by calling emailing or faxing the trades people. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

12:00pm - Check through all final inspections that were carried out the previous day and call the tenant to inform them what needs to be done, such as cleaning, carpet cleaning, lawns and gardens, damage, outstanding water accounts, missing keys and outstanding rent. Explain that you're sorry they believe the place looks better now then when they moved in, but according to the condition report that they had for 7 days back when they first moved in, there were no stains on the carpets, the walls weren't all grubby, the kitchen was clean, the lawns and gardens were done, and there were no holes in the walls. Email them copies of photos you took from the beginning of the tenancy proving this to be the case. Agree to meet them at the property to show them what cleaning was missed. Schedule it for later in the week. Calk the landlord to keep them updated. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

12:30pm - Print off your calender, and collect the required keys for all afternoon appointments. Do all this while taking phone calls that come in and seeing people who have come to the office to see you.

12:45pm - Leave the office for your afternoon appointments, first one is at 1:00pm.

1:00pm - Your appointments usually start around this time, and you try and spend only 10-15 minutes at each property, using the last 15-20 minutes of the half hour to get to the next property, which is usually over the other side of town. Answer all the same questions at each property; Q - "What do I do now?" A - "If you're interested in applying for the property pop into the office to pick up an application form, answer all questions and include copies of ID and proof of income, then we'll process it for you." Q - "does the property allow pets?" A - "if you have a good application, the landlord will be less likely to say no to a dog or cat." Q - "how long does the application process take?" A - "that depends, if your references are easy to get in touch with then it can take maybe 3 business days, but if we have trouble getting in touch with any one, it takes a lot longer." Q - "Is the owner planning on putting the property up for sale?" A - "They haven't said anything to me about it, but peoples conditions can change at any time, so I'm not sure what could happen down the track." Q - "What happens if I move in and the house sells?" A - "You would still have the property for the length of your lease, regardless of whether the property sells, after your lease is up they would either give you 30 days notice to vacate, or if the new owners are investors then you wood stay on at the property." Etc.

Do all this while taking and returning phone calls that you've missed.

5:30pm - Go home. Remember to leave your work behind you at this time so you can get some rest and prepare to do it all again tomorrow.

**note** On top of your daily calendar, you also need to include a 2 hour meeting once a week, 3 hours of routine inspections twice a week, and any ingoing or outgoing inspections that are required, which take approximately 1 hour each.

Thursday, December 8, 2011

Carpet Cleaning Misconceptions

Under the new NSW Residential Tenancies Act terms requiring a tenant to have the carpet professionally cleaned or to pay for the cost of having the carpet cleaned are prohibited  unless of course the tenant has been allowed to keep a pet at the property.

These requirements came into effect on 31 January 2011, as part of the new tenancy laws. Before that, many tenancy agreements stated that the tenant had to pay for professional carpet cleaning, even though this was not supported by the law. The new laws have made the situation a lot clearer.

However, this does not mean that the tenant cannot be made to pay for cleaning of stained or dirtied carpet.

Tenants are required to keep the premises reasonably clean and to leave the premises in the same condition as they were at the start of the tenancy, other than fair wear and tear. Where a tenant moves out leaving the carpet dirty, for example by spilling red wine, or high traffic areas, the landlord can ask the tenant to pay for cleaning or can make a claim on the tenant’s bond. However, where a tenant regularly vacuums and looks after the carpet and leaves it clean, there is no automatic right to ask the tenant to pay for professional cleaning.

Also, while trying not to go all religious on you, the Catholic's Golden Rule - Do unto others, as you would have done to yourself - I feel applies in this instance. Personally I like to know that the carpets have been professionally steam cleaned before I move into a property - you know, hygene and all that?? - So I will always make sure the carpets are professionally steam cleaned when I leave a property.

It's just a nice thing to do...

"Don’t let your tenancy go away with you"

As an added note to my last post here is an excerpt from the most recent Office of Fair Trading Newsletter;


With the holiday season fast approaching, many tenants may be planning to visit friends or relatives or go on an extended holiday. It is good practice to notify the landlord or agent if you are going to be away for an extended period. This ensures that the landlord or agent does not think you have abandoned the premises if they can’t contact you or if your rent payments stop for some reason.

In a recent case, a tenant did not advise the agent that she would be away for several months. There was a banking problem with the tenant’s automatic rent payments and her rent fell behind without her knowledge. The landlord thought she had abandoned the premises and considered terminating the tenancy.

In this case it was simply a misunderstanding that fortunately was able to be sorted out, but it could have resulted in the tenancy being ended while the tenant was away. Just like you might tell the neighbour to keep an eye on your place and empty the mail while you are away, it is a good idea to let the landlord or agent know when you will be absent from your rental property for several weeks or months. It is also good practice to regularly check your bank statements while you are away to make sure your rent payments are continuing to be made.

The full newsletter can be found here; http://node3.enews.fairtrading.nsw.gov.au/online/18209992-33.html

Tuesday, December 6, 2011

In case you didn't realise - Christmas is on again!

Every year it's not uncommon to hear the phrase 'I couldn't pay my rent, I had to buy the kids presents'.

Now I love Christmas. I love giving gifts and receiving gifts and absolutely everything that goes with Christmas, so please don't think me a Scrooge when I say what I'm about to say...

If you can't afford both rent and Christmas presents then maybe you should have a 'home made' Christmas this year. Seriously, what's more important? A dozen more cheap plastic toys or a roof over the kid's heads?

Christmas comes every year. Every year! I know this year has just flown by, but when we started it, you knew at the end of it there would be a Christmas. If there's any possibility that it's going to be a choice between Christmas and rent then you really should be putting a little money away every week to help out. It doesn't sneak up on you, it's the same day every year, it should not come as a surprise. Be prepared!

As a side note, your car registration/insurance comes every year too. Expect it!

Wednesday, October 5, 2011

Busy, busy, busy...

Holy dooley, I can't believe I let this blog fall so behind!

I'm going to try and get some more content as soon as possible.