Permanent Rental Management
Our property management team combined have extensive experience in the real industry. Specialising in property management, our passion, loyalty and dedication is evident in the level of commitment we offer our clients.
As the property management specialists, we are an agency that is dedicated to providing superior customer service to property owners and their tenants.
We carry out regular rent reviews at lease renewal, ensuring that your property is positioned in line with current market trends and is achieving the highest possible return.
There is no doubt that Young Real Estate SA are experts when it comes to managing your property. We set a high standard by consistently reviewing and improving policies and procedures for permanent property rental.
Our Service to You
We assist you to set the rental rates, ensuring that your property is positioned in line with the current market.
Rental increases can occur, in line with legislation, at least 12 months from the last increase and with sixty days’ notice given to the tenant.
Management Commission of 6.6% on all monies collected, plus GST
Collection of Rent/Rent Arrears control.
Rental payments are collected and held in Young Real Estate SA Trust Account until the final trading day of each month. The Trust Account is then closed, balanced and funds transferred into the Landlord’s account. This process usually takes 2-3 days to finalise.
Admin Fee $10 a month, plus GST
A monthly statement is mailed to the landlord outlining all debits and credits. The landlord will receive a year to date statement at the end of each financial year.
Organising of repairs and maintenance on your behalf.
Letting – Between 2 and 4 weeks rent, plus GST
Preparation of lease agreements.
Processing and lodgement of security bond (4 or 6 weeks rent).
Ingoing inspection-photos are taken, and a detailed report is completed stating the condition of the premises inside and out. This is then signed by the tenant and the agency for future reference.
Once letting is competed the agency will inspect the property at the 3 month mark 6 month mark and 12 month mark.
Final outgoing inspection is to be done at the end of the letting/leasing period carefully checking over the property and taking of photos to compile a report, and cross-referencing against the ingoing report. Any damage caused by tenant negligence will be charged to the tenant or a case will be structed with Consumer Business Services (CBS) to garnish the bond.
The concept applied at the final inspection will reflect the ‘fair wear and tear’ that will inevitably occur during the tenancy, even if proper care has been shown.
Advertising $154.55 plus GST
Young Real Estate SA will take photographs of your property for the internet advertising on realestate.com.au and Domain.com.au. Note that the marketing fee applies to 1 website, both websites would be a cost of $340 GST inc.
Quality Control-finding the right tenant
Showing prospective tenants through your property.
Comprehensive checking is carried out on all prospective tenants.
Tenants are required to complete a 100 point identification check along with an application form that includes previous landlord details and references.
After extensive vetting, we will contact you to discuss the best suited application/s.
When the right tenant has been secured for your property, all the necessary tenancy agreements are completed, and 2 weeks rent is payable in advance. A bond of 4 to 6 weeks rent is collected and lodged with CBS – Bonds department.
Please note: there is no re-letting fees charged for the extension of existing tenants lease agreement.
Repairs and Maintenance
Young Real Estate SA employs qualified and registered tradespeople to ensure the protection and safety of your property.
It is the landlord’s responsibility to maintain the property in a reasonable state of cleanliness and to keep lawns and gardens neat and tidy prior to letting the home.
After Hours Service
Young Real Estate SA share the after-hours emergency phone calls from tenants.
The after-hours service is available Monday to Friday 5.00pm – 8.00pm, Saturday and Sunday 8.00am- 8.00pm. All calls will be monitored outside of these hours.
Tenants are responsible for paying all water usage and supply charges, adjusted for the period of their tenancy.
Landlords are required to pay the account in the first instance then we invoice your tenants for payment. Landlords can make a request to SA Water to have their water accounts sent direct to Young Real Estate SA for payment from the Trust Account.
Please ensure that the electricity/gas, paid TV and landline phone has been disconnected from your name prior to the start of tenancy.
As landlords and homeowners, there is a legal requirement for all properties to be fitted with a smoke alarm that is fully operational and compliant.
Minimum legislative requirements for all residential properties:
Homes owned prior to February 1, 1998 require a replaceable battery-powered smoke alarm.
Homes purchased on or after 1 February 1998 require (within six months of purchase) a 240V hard-wired smoke alarm or a 10 year life lithium non-removable non-replaceable battery powered smoke alarm.
Homes built on or after January 1, 1995 require 240V mains powered alarms.
It is requirement under the Development Act 1993 as amended, that you as the owner of a residential rental’s property install and maintain a current a smoke alarm. Not installing a smoke alarm may attract a fine of up to $750 and a non-operative alarm may invalidate your insurance policy. Smoke alarms save lives and property.
All fitted smoke alarms must be compliant; units are date stamped and have 10 years separate to that of the batteries.
Please ensure that the rental premises are secure in terms of locks and security. If the tenant feels the need for increased security the landlord must meet the cost of any reasonable additions.
Young Real Estate SA require full set of keys-one to be kept at our office for emergencies and inspections and two for the tenants. The tenant is responsible for returning keys to the property manager at the final inspection.
It is suggested that you take out landlord insurance, and if taken out to proved a current certificate of currency to Young Real Estate SA.
Landlord Access and Tenant Privacy
It is important to remember that the tenant has the right to privacy to enjoy their occupancy at the rental premises in peace and quiet without any unexpected interruptions.
The landlord and the agent have the right to enter the property to ensure it is being looked after according to the Tenancy Agreement, or for some other specified reason.
The balance is kept by the tenant agreeing that the owner or their agent may enter the premises if notice of not less than seven days and no more than fourteen days is given, for a general inspection.
Entry must be permitted with notice to allow necessary or urgent repairs to be made and to show the property to prospective new tenants or buyers.
Getting Your Property Ready
- Finalise all accounts for power, telephone, Pay TV etc. SA Water accounts must remain in your name.
- Inform your insurance company that you will be renting out your premises. This may affect your policy and any future claims.
- Inform your Bank if you have a mortgage on the property. They will need your new details.
- Check you have working smoke alarms fitted to your property.
- Please make sure your property is cleaned thoroughly, both inside and out, including the windows and curtains.
- The higher the standard of cleanliness at the time of the ingoing inspection, the greater the chance of making the tenant maintain that cleanliness to a high level.
- All carpets should be professionally steam cleaned. We cannot legally compel a tenant to professionally steam clean carpets when they vacate a property, however they must leave them as they found them.
- Please ensure all grounds are neat and tidy. Lawns need to be mowed and edged, gardens weeded, and all rubbish removed.
- Oil stains from driveway, carport and garage floors, if possible, also should be removed.
- Arrange for a pest control company to conduct routine white ant inspection.
- You will need to supply Young Real Estate SA with three full sets of keys to all doors and locks.
- One set will be held in our office and one will be issued to the tenant.
- Please be sure to advise Young Real Estate SA of all contact phone numbers, email, forwarding addresses and any other change of details when they occur.https://tenancies.applyonline.sa.gov.au/rbo/bond/secure/Main.xhtml?cid=3a506572666f726d65723a54.55