Real Estate

Questions You Need to Ask When Hiring a Property Management Company

Property management services have become one of the most sought after services by rental property owners and investors. Getting the right management company helps you save a lot of time and effort associated with running and managing real estate properties. With many companies offering these services in Australia, you will need to hire the right company such as Metrocity Realty – property management experts. What questions should you consider asking during the selection process?

Do you specialize in property management?

Most real estate agents are offering property management services today. Not all of them have the expertise needed to manage properties. You need to hire a company that fully specializes in managing real estate properties. Such a company will have the skills and knowledge required when it comes to managing different rental investments both in the residential and commercial sectors. For more efficient services, work with a company that focuses on the management services you need.

How many rental properties are you currently managing?

The most accurate and easiest way to tell if a company offers professional property management services is by knowing how many rental properties they manage for different investors in a specific area. For instance, if you own residential property in Melbourne, you will want to find out how many rental homes or apartments Metrocity Realty – property management company manages in and around Melbourne. The larger their inventory, the more experienced and suitable they are for your needs.

What is your property management plan?

You should never assume that every company you approach knows what it takes to manage your property. A professional property manager will take you through their entire management plan before offering services. Expect a good company to carry out a number of critical services such as:

  • Potential tenant screening
  • Evaluation of rental rates in the area to determine the optimal rent rates
  • Overseeing tenant move-in and handling evictions
  • Handling of all lease agreements on your behalf
  • Marketing your property
  • Collecting rent and dealing with finances
  • Inspecting your property regularly
  • Overseeing repairs and maintenance services.

What are your costs?

It is important to understand the cost of services being offered as well as what you will be charged for. Ask for a list of all charges that will be charged. The most common fees that you should expect include:

  • Marketing related fees
  • Lease fees
  • Lease renewal fees
  • Management fees (usually stated as a percentage of the total rent collected)

Do you provide a management and lease agreement?

For real estate investors who are hiring property management services for the first time, it can be hard to know what paperwork is needed so as to finalize management services. A reliable property manager will provide copies of the lease and management agreements. These two documents clearly define the parameters, responsibilities and your rights with the manager and tenant. It’s important to understand these documents before signing them.

When hiring companies like Metrocity Realty – property management, you need to be clear about your engagement in the ongoing management process as the landlord. Make sure that the management company knows when they should contact you and when can carry out certain tasks without consulting you. This will avoid many misunderstandings that arise between landlords and property managers.

Real Estate

Transparency is the hallmark of real estate agents

Buying/selling/leasing of buildings is always a tricky issue. For example, if you want to buy a home you should be fully aware of the prevailing real estate market in the locality. Further, you should also be aware of other issues like transportation, schools, health units and various other related facts. Since you are new to the place you may not be fully aware of all these issues. Therefore, the ideal solution would be to look for experienced real estate agents Ipswich based. For example, in the Ipswich town of Queensland Australia, you will be able to get homes at a reasonably lesser price as compared to other towns of Queensland. On the other hand, since the recent past, the rental in this town has increased by about 8%.

Real Estate Agents Ipswich
Real Estate Agents Ipswich

Work in well knit network:

Normally, the real estate agents will confine their activities to certain designated localities or towns. However, they always work in a good network with other real estate agents in the neighboring locality. This network enables the real estate agents to assist you in looking for suitable real estate properties not only in their locality but also in the neighboring localities.

REIV:

In order to protect the interests of buyers and sellers, the Government of Australia has made it mandatory for real estate agents to obtain license from the appropriate agencies. In addition to this, in some of the states like Victoria the real estate agents are mandated to register themselves with the Real Estate Institute of Victoria (REIV). This institute has made it obligatory for every registered real estate agent to strictly adhere to the established ethics of business.

Benefits of licensed real estate agents:

The REIV also has a list of licensed real estate agents working in different localities. Also, the REIV has made it mandatory for every registered real estate agent to take up professional indemnity insurance. Almost all registered Real Estate Agents Ipswich based can access the database of real estate properties, market trends and various other related issues. All these will help the registered real estate agents to provide efficient services to their clients.

Transparency in the business:

Normally, the registered Real Estate Agents Ipswich market has today will take you for an inspection of the property that you are planning to buy or lease. If you have inclination to buy the property, the agent will arrange for a one to one meeting with the owner of the property. Naturally, this will help both the parties to clarify any doubts about the property and also about the terms and conditions of sale. This transparency will help in smooth completion of the transaction.

Makes all the paper work:

If you require the services of an attorney, the real estate agent will guide you to an attorney with sufficient experience. If both the buyer and seller agree to fix the deal, the real estate agent will the take necessary action to make all the necessary paper works to complete the transaction. Normally, the real estate agents deal with both commercial and residential properties. Apart from these, some of the real estate agents also market industrial and agricultural properties. In the normal course, you will have to enter into an agreement with the real estate agent.

houses for sale in pelican waters
Real Estate

Staging Secrets Every House Seller Should Know and Implement

Selling your home might be the hardest decision you could ever make. However, preparing your house for sale is probably the biggest task since it determines the time the home will take to be sold. It’s always advisable to stage the home properly before it’s listed for sale. How well you stage your home would determine the price the house would fetch. Most of those listing houses for sale in Pelican Waters or in Caloundra focus on the following minor aspects to increase sale:

houses for sale in pelican waters

Let it smell good

Most buyers are sensitive to the smell emanating from the house. In fact, some buyers even know the specific areas or rooms that harbor bad smell. If you have pets, just know some buyers won’t be comfortable with the pet’s smell once they come to see the house. The best thing to do is to buy quality sprays, which are effective in eliminating bad odor. When buyers come across any of the houses for sale in Pelican Waters that has a pleasant smell inside, it reflects good maintenance and high level of hygiene.

Keep the closets empty

Where possible, every closet should be kept empty. If there is an item you won’t use in the coming 90 days, you should pack and remove them from the closet. Home sellers should not overlook the kitchen cabinets, bookcases, entertainment centers, built-ins, hutches and other storage spaces. The buyer should feel there is enough space for their items when they look at the condition of the closets. Don’t forget you are moving! So don’t let any buyer find stuff in the garage, basement, and attic. Most of those who have sold some of the houses before know that small things can irritate buyers and divert their decision to buy a house or even a waterview land for sale.

Maintain a neutral background

The background of your house matters most in the eyes of any prospective buyer. The walls of homes for sale should be bright and clean. Keeping the home’s background neutral doesn’t mean painting its wall white. It means using the current or trendy colour palette to make a huge impression no matter the size of the waterview land Caloundra has today upon which the house is built. Ensure that your decor matches the artwork you choose. The artwork should also match the furniture and room’s size and scale.

Mind about the first impression

The person who buys your home should not only be happy about it, but it should also be memorable to them. Remember that home buying is in most instances described as an emotional purchase. It’s important to note that a buyer doesn’t need to spend hours seeing the home to decide whether or not they would buy it. The first five minutes of seeing your home are enough to help the buyer decide whether or not the first impression is enough to close the deal. If you intend to stage several houses for sale in Pelican Waters, you need to work on having an impressive curb appeal and look to attract more attention.

How fast a home sells depends on how well-prepared the seller is and how well-staged the home is. A home can fetch more money than anticipated if the staging is properly done. It has been established that most buyers in Pelican Waters pay extra attention to the four things above when looking for a Pelican Waters property for sale. Visit their website at https://www.pelicanwaters.com/new-homes/.