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Inner Urban Management Services<br />
Like any other business activity, a rental investment property has a risk factor that is minimised<br />
by a professional approach to renting and management.<br />
That risk factor can be reduced through skilled<br />
property management — managers whose training,<br />
appreciation of the law, experience, professionalism,<br />
commitment to procedures such as letting<br />
processes, maintenance and inspections, together<br />
with accounting procedures, are worth extra dollars<br />
to the property owner. At Inner Urban Real Estate we<br />
have a continuous and direct involvement in looking<br />
after your investment.<br />
SELECTING PROSPECTIVE TENANTS<br />
Our extensive advertising and referral facilities<br />
quickly locate applicants. All applications are<br />
thoroughly and carefully checked before presenting<br />
the information to you, to ensure a quality tenant.<br />
BOND<br />
Where permitted by legislation, we obtain a<br />
minimum bond equal to five or six weeks rent.<br />
All bonds are required to be lodged with the<br />
Residential Tenancies Bond Authority.<br />
CONDITION REPORT<br />
A detailed inspection is conducted and a Condition<br />
Report prepared, prior to the commencement of<br />
the tenancy. The Condition Report, together with<br />
photos, clearly states the condition of the premises<br />
at the commencement of the tenancy. Should any<br />
unreasonable discrepancy exist at the end of the<br />
tenancy, then the tenant may be liable.<br />
LEASE AGREEMENTS<br />
Leases are prepared in accordance with legislation,<br />
and tailored clauses are included to cover any<br />
uncommon situations (pool or garden maintenance,<br />
etc.). In the event a tenant wishes to vacate early<br />
(break the lease), the tenant is responsible for fees<br />
and charges incurred, including a pro-rata portion of<br />
the leasing fee.<br />
ROUTINE INSPECTIONS<br />
It is important to ensure your property is being<br />
maintained in good order by the tenant. Regular<br />
routine inspections are conducted each six months<br />
(cannot be less by legislation) and the first inspection<br />
is scheduled three months after the commencement<br />
of the tenancy. A detailed report is sent to you,<br />
highlighting any maintenance requirements.<br />
RENT<br />
• Rent payments are required to be made one<br />
month in advance.<br />
• Payments are monitored on a daily basis and<br />
contact made with the tenant by SMS, phone,<br />
email/letter if payments become overdue.<br />
• In the event rent becomes 14 days in arrears, a<br />
Notice to Vacate will be issued, followed by an<br />
application to VCAT to seek possession. You will<br />
of course be consulted and kept informed in<br />
these circumstances.<br />
STATEMENTS<br />
Statements are produced the same business day<br />
that the rent is paid therefore if the rent is paid early<br />
the funds are paid to your early. Funds are deposited<br />
directly into your bank account (cleared funds<br />
overnight) and the statement sent by either mail or<br />
email.<br />
EXPENSES<br />
Payment of rates, insurance, maintenance invoices<br />
etc. can be paid from rental proceeds at your<br />
request. An end-of-year financial report can be<br />
produced showing all income and expenditure.<br />
Inner Urban Real Estate
Inner Urban Management Services<br />
Our qualified tradesmen are available to carry out any repairs. All maintenance is carried out in<br />
consultation with Landlord and in accordance with instructions.<br />
MAINTENANCE<br />
Tenants have an obligation to notify the agent of<br />
any items requiring maintenance. We can arrange<br />
general maintenance and repairs on your behalf,<br />
using qualified tradesmen, and make payments<br />
through your rent statement, as instructed.<br />
RENT REVIEWS<br />
Our aim is to maintain the highest return on your<br />
investment. A review of the rent is conducted<br />
strategically before the end of a fixed term lease<br />
and a recommendation submitted to the Landlord.<br />
Appropriate notices are then sent to the tenant by<br />
registered post.<br />
LEASE RENEWAL TO EXISTING TENANT<br />
Although neither a tenant nor a landlord is obliged<br />
to enter into another fixed term lease, if either party<br />
seek a new fixed term, we will consult and negotiate<br />
a new lease if both agree.<br />
TENANT VACATING AND RE-LETTING<br />
When a tenant gives notice of intention to vacate<br />
(minimum notice - 28 days)<br />
• Landlord is contacted and instructions sought<br />
• Marketing is commenced immediately<br />
• Tenant is given a checklist to assist them to meet<br />
their obligations<br />
• A pre-vacating inspection is conducted<br />
• Arrangement made with the tenant for early<br />
inspections (legally, tenant only obliged to allow<br />
access in the last 14 days of the tenancy)<br />
FINAL INSPECTION AND BOND<br />
When the property is vacant and on receipt of the<br />
keys, a thorough inspection is conducted to ensure<br />
that the tenant has fulfilled their obligations, taking<br />
into account fair wear and tear. Any outstanding<br />
items are discussed with the Landlord and tenant<br />
and, if necessary, the tenant is formally notified of<br />
any repairs or cleaning necessary.<br />
The bond is required to be processed within 10<br />
business days of the tenant vacating. If all is in order<br />
the tenant and agent sign the Claim form and the<br />
bond, less any agreed deductions, is refunded to the<br />
tenant. In the event there is a dispute and the tenant<br />
and landlord cannot agree, then it will be necessary<br />
to apply for a VCAT hearing to resolve the issues.<br />
We undertake this process in consultation with you.<br />
INSURANCE<br />
We strongly recommend Landlords have insurance<br />
cover for each investment property, specifically,<br />
• Building<br />
• Public Liability<br />
• Landlord Insurance<br />
We are an authorised distributor of AON + Terri<br />
Scheer Insurance Pty Ltd and can assist in arranging<br />
Landlord Insurance Cover – which includes public<br />
liability.<br />
TAXATION<br />
Taxation is a complicated area and we recommend<br />
our clients consult a qualified professional<br />
concerning all taxation matters.<br />
www.innerurban.com.au
Inner Urban Testimonials<br />
Here are what some of our clients are saying about us.<br />
“A special thanks to you for all the times you were<br />
available to us, much appreciated to have you as our<br />
real estate agent!<br />
In Dutch “dank je wel,” which means thank you!”<br />
Casper & Alwiene — Tenant, Eureka Tower Apartment<br />
“As first-time property investors, we are extremely<br />
happy we chose Inner Urban to manage our property.<br />
Catherine has the 3 Ps we expected (and hoped to<br />
get) from a great property management service:<br />
professionalism, persistence, and patience (and lots<br />
of it!)<br />
We would recommend Inner Urban to anyone who<br />
wants all of this, plus friendly service with a smile.<br />
Thank you for everything during this past year! We<br />
look forward to a wonderful long working relationship<br />
with you.”<br />
C & A McKenzie — Owners, Essendon North<br />
“You are amazing! Super efficient!<br />
From the date of Friday 4th of Dec I spoken to you<br />
and sent you the Lease Authority, you have leased it<br />
out to tenant on 10th of Dec. It is unbelievable!”<br />
Grace Guo — St Kilda Road Apartment<br />
“Catherine managed the letting of our apartment<br />
while we lived overseas. We very much appreciated<br />
her consistently high standard of service which was<br />
always prompt and professional. In addition, we had<br />
complete confidence in their advice on all matters<br />
relating to the management of the apartment. We<br />
have no hesitation whatsoever in recommending<br />
Inner Urban.”<br />
Martin & Jan Smith — Owners, Eureka Tower<br />
“That would be wonderful (keys back)! I don’t need<br />
to worry about a thing since I have a good manager<br />
like you!”<br />
Jiayi Chen — Owner, Eureka Tower Apartment<br />
“Thank you for your help on this matter; and thank<br />
you for all your time and energy exerted during the<br />
course of our tenancy. Everything was fantastically<br />
dealt with both immediately and professionally and<br />
we would definitely recommend your services to<br />
anyone and everyone.”<br />
Rita White — Tenant, Millers Road, Altona North<br />
“Thank you very much for your professional and<br />
respectful management of my residency. I would<br />
not hesitate to use of recommend your property<br />
management services in the future as my personal<br />
experience has demonstrated your ability to<br />
professionally and thoroughly manage your clients<br />
interests in a manner that is understanding and<br />
appreciative of the needs of a tenant.”<br />
Irene Bellette — Tenant, Eureka Tower Apartment<br />
“We have just leased a furnished apartment through<br />
another agent. You two are so much more efficient<br />
and professional. You spoiled us!”<br />
Lynn LeMaster — Tenant, Eureka Tower<br />
“Catherine was a fantastic agent. Not only was<br />
she efficient and very professional, but went above<br />
and beyond what we expected to ensure we were<br />
comfortable and getting the most out of our new<br />
home. After experiencing various agents beforehand,<br />
it was so refreshing to deal with someone like<br />
Catherine. We can’t recommend her enough. Thanks<br />
Catherine.”<br />
Ninwa Dammo — Tenant, Moonee Ponds Apartment<br />
“I will miss Eureka and the professionalism of your<br />
team — you have all been great to do business with.”<br />
Dr. Russell Joshua — Tenant, Eureka Tower<br />
Inner Urban Real Estate
Meet our Director — Catherine Bartoli<br />
Catherine is dedicated to providing a professional and personalized service with total<br />
commitment to her clients.<br />
Catherine’s fascination with property and her passion<br />
for working with people attracted her to a career<br />
in Real Estate which she commenced in 1994. She<br />
started her career as a receptionist, then specialising<br />
in Residential Rentals, Catherine’s passion continues<br />
as a Director and Property Manager of Inner Urban<br />
Real Estate.<br />
Effective property management requires the ability<br />
to respond to and to exceed the requirements of<br />
landlords and tenants alike.<br />
For landlords this involves thoroughly assessing<br />
tenancy applications to select the most suitable<br />
tenant, then setting the appropriate rent level,<br />
monitoring the tenancy to ensure the rent is paid<br />
promptly and regular inspections to ensure the<br />
property is maintained to the required standard. For<br />
tenants it is about finding accommodation that best<br />
suits their requirements and responding promptly to<br />
their queries.<br />
Catherine believes a sense of justice is an integral<br />
part of property management. Doing the best by<br />
both parties in a rental agreement maximizes the<br />
likelihood of retaining good tenants for the long<br />
term resulting in a win-win situation for everyone<br />
concerned.<br />
Inner Urban Real Estate is dedicated to providing<br />
a professional and personalized service and total<br />
commitment to their clients.<br />
Catherine would be happy to assist with any<br />
enquiries and can be contacted on her mobile<br />
0418 383 778 or email cbartoli@innerurban.com.au.<br />
OFFICE ADDRESS:<br />
1206/401 Docklands Drive, Docklands 3008<br />
POSTAL ADDRESS:<br />
PO Box 12488 A'Beckett Street, Victoria 8006<br />
www.innerurban.com.au