W.B. Simpson & Son have been managing residential, retail, commercial and industrial properties in inner Melbourne for over 130 years. Property management is no longer just a rent collection service; nowadays property management means just that, a comprehensive range of services which when combined enable the staff at W.B. Simpson & Son to ensure that you achieve the best possible return from your investment property.

With court rulings and revisions of Residential and Retail Tenancy laws making the task of property management more and more onerous, now, more than ever, it is prudent to have your investment property managed by a trained and experienced professional.

Property Management Services

The property management services that W.B. Simpson & Son can provide are discussed and agreed with you at the outset. Many owners want to have some involvement in the management of their property while others are happy to let W.B. Simpson & Son do all the running around. As an indication of what our clients can expect, in managing your property, W.B. Simpson & Son will:

• Complete a landlord's instruction sheet that incorporates appropriate instructions form the owner for attending to requests for maintenance and repairs, dispersal of monies, payment of insurance and other matters;
• Collect payments of rent and outgoings in accordance with the lease agreement;
• Pay authorised accounts and statutory charges;
• Disburse net rent to the landlord in accordance with their instructions with a statement detailing all outgoings;
• Prepare annual revenue and expenditure statements;
• Pay rates, insurance premiums, body corporate fees and/or any other payments;
• Establish and maintain property rental records;
• Advise landlord of maintenance requests from tenants;
• Attend to maintenance requests from tenants:
  
  • Advise landlord on necessary repairs and maintenance;
  • Prepare specifications for tradespeople;
  • Arrange quotations for repairs and maintenance;
  • Pay tradespeople's accounts; and
  • Confirm & inspect completion of works.
• Administer and negotiate rent reviews and lease renewals;
• Arrange insurance cover as directed and oversee any insurance claims; and
• Prepare applications and serve notices in compliance with the relevant legislation and/or the tenancy agreement.

Leasing Services

To attract the best possible tenant for your property, appropriate promotion is important. W. B. Simpson & Son property managers understand the rental property market and current rental values. To effectively promote your property, rent must be set according to current conditions and prospective tenants' expectations. W.B. Simpson & Son have the expertise necessary to create a promotional campaign which also highlights those aspects of your property which attract the best possible tenant in the shortest possible time. In leasing your property, W.B. Simpson & Son will:

• Inspect the property, provide an appraisal of the rental and recommend any property improvements;
• Recommend ways to optimise the appeal of the property;
• Arrange appropriate signage for the property;
• Design and implement a suitable promotional campaign;
• Take photographs and load the property on the internet;
• Inspect the property with potential tenants;
• Negotiate lease terms and conditions in accordance with the owner's instructions;
• Receive, process and check prospective tenants' applications, including checking of applicants' references;
• Select the tenant in consultation with the owner;
• Arrange preparation of appropriate lease documentation:
  
  • The Letter of Offer;
  • The Residential or Commercial Lease Agreement;
  • The Disclosure Statement (if applicable);
  • Tax Invoice (if applicable);
  • The Condition Report; and
  • Inventory of Fixtures & Fittings.
• Collect and receipt the security deposit and rental payment for the first period of the lease agreement.
• Pay the security deposit into a trust account in accordance with the arrangements within the lease agreement; and
• Disburse the net rent to the owner with a statement detailing all income and authorised expenditure upon finalisation of the lease documentation.

For further information or to arrange an inspection of your investment property, please use our Contact Us form to contact one of our professional property managers.