0% vacancy, just in time for Christmas!

As experienced investors know – leading up to Christmas is the quietest time of year for leasing (other than the week over Christmas / New Year of course where everyone is on holidays).  Despite this challenge, our office managed to lease every last one of our vacant homes!!!

How did we do this?  A lot of hard work combined with thinking outside the square.  Our last 4 properties were leased by;

  1. One was a tenant recommended to us by a friend of a staff member, she was available so we showed the property to her first thing Monday morning – immediate appointment.  She had her application ready, liked the property, we did the checks and had her approved same day – she was in before close of business to sign up, done!
  2. One was from an open on the weekend – this is pretty stock standard, they came, they saw, they applied, they leased!
  3. A higher end property in Werribee, this one was actually leased through our network.  Before it had even hit the market, we had advised our tenant database that it would be coming up soon.  One of those prospective tenants came to view the property on a Wednesday – approved within 24 hours – done and dusted.
  4. Finally – last one had been a little bit of a challenge for us (quiet time of year and all), but we had one potential applicant who had missed out on the weekend open.  They worked full time so couldn’t come during business hours – so what do we do?  Meet them first thing in the morning (before 8am).  She had her application ready, approved that day, first months rent paid and lease signed overnight via email.

Leasing a property isn’t just about putting a few photos on line, having a 15 minute open on a Saturday, then waiting for the quality applicants to simply come in, apply, have perfect applications and sign up the next day.  At least – that’s not how it is with Eview.  We go the extra mile to make sure our owners have minimal vacancy!

If you’re concerned with how long it’s taking to lease your property, then why not get in touch and we’ll explain how we can hep you achieve the best results with your investment! (And Yes, even over the holidays, I’ll be available to help, so what are you waiting for – submit your details and we can start working on it for you!)

Share in the success – $250 voucher

At Eview Werribee, we would like to share in our success.  Winning the Property Management Department of the year award across the whole Eview group for 2017 has inspired us to reach for higher heights!

So, in the spirit of giving (handy close to Christmas) any owner who signs up with us from now until December 31st, will receive a $250 voucher of their choice (or the same amount credited towards their management or letting fees).   Submit your details now so we can get started on a long and successful business relationship that will help you get the most from your hard earned investment property!

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Should you transfer your investment property to us for a voucher? Of course not, but, if you’ve been sitting on the fence, or you are not 100% satisfied with your current service, then this is a great opportunity to join the Eview family, knowing that your property will be well cared for and – score a bonus voucher while you’re at it!

Transferring your property is easier than most people think.  Provided you’re not on an exclusive authority (so if you’ve just signed one, I’m happy to give advice, but it’s likely you can’t change straight away) – all you need to do is sign an authority, provided your current agencies details, we do the rest!  In 2 business days or less, we’ll have your file, will have done a health check on your property, and will have provided you with a full update on where everything is at!

Property not tenanted?  No problems, we have well below industry average vacancies with our properties.  Why is this?  We have a database of tenants and often, we lease houses in popular areas, without having to have an advertised open for inspection!  We make the effort to pre-approve applications.  Once pre-approved, potential tenants stop looking as they know, that all they have to do is view the property before signing up!  We do not stick to the antiquated notion of ‘we will not process your application until you’ve seen the property – which is only open for 10 minutes, at one point in the week’.

What are you waiting for?  Call me now on 0497 888 087, or submit your details here and let me know a good time and way to get a hold of you so we can chat!

Thanks for the Award!

There we go, my first video.  If you don’t want to watch it (don’t blame you) we just wanted to thank all our landlords, tenants and trades for winning the Property Management Department of the year across the whole Eview group (3rd year running – must be doing something right).

So if you want your property to be managed by an award winning property management team, get in touch!  I can be reached on 0497 888 087, michelle.evans@eview.com.au!

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Yes… that is free landlord insurance.

Yes, it’s as good as it sounds – sign up your hard earned investment with Eview Werribee in Spring, and we’ll pay for your landlord insurance (or landlord insurance renewal).  What are the conditions you ask?  No fine print hidden here- all you have to do is sign a 12 management authority with us, so that we can look after your investment property.  The insurance company will need to talk to you (just to confirm that you’re the owner of the property and you want landlord insurance – who doesn’t).

Call or email me today to discuss! michelle.evans@eview.com.au / 0497 888 087.

Why is Landlord insurance so important?  Many who are new to investing, my not realise that building insurance does not cover you for a lot of things when your house has been turned into a rental property.  For example, if someone stole your appliances while the house was vacant – Landlord insurance covers this!  The same as accidental damage from the tenant – cooking fires and the like are not covered by most building insurance policies when the property is tenanted.

Don’t risk it – select the right, experienced agent to look after your rental (us of course), combine that with landlord insurance for the unexpected, and your investment will basically be bullet proof!

What did that rent for?

Have you ever wondered what a property leased for?  When it comes to real estate – information is power.  Good agents make recommendations based on market data and to do this, we have access to information the general public does not.

For rental appraisals for example, we offer our owners current market data, and recently leased market data so they in turn can make an informed decision on what to do with their property (whether it’s a rent increase or determining what price to set their rental price at).

If you have an investment property, when was the last time you conducted a rent review?  Any rent review should be completed 3 months before the lease ends (to allow for sufficient time to send out appropriate notices), or, every 6 months.

Would you like to have this information on your property?  All you have to do is get in touch with me, provide me a property address in Victoria and I’ll arrange an appraisal for you!

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Nightmare house part 2

As you would have seen last week, we were left with a house destroyed by drug dealing tenants (confirmed by the police).  It took 2 months to get them out of the house (even though by that time they were almost 5 months behind in rent – but that’s another story).  The damage – all that was covered by insurance were the doors and the tiles – malicious damage, everything else  considered wear and tear.

Was rent covered?  No – this you need to be aware of, if you buy a house and the tenants are in rent arrears, no matter whether or not this is your fault, it is not covered by insurance.  So out of what was over $15,000 in the end, the owners only received $6,000 to put towards the repairs.

Depressing story, I know, but now that it’s July, and the owners have put in a fair amount of elbow grease, and the house is ready to lease (tenanted same week it was available).

Images below!

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It is now rented to a lovely family, in Werribee (it’s a 3 bed 1 bathroom property), at $300pw (considering it was getting $1000pm prior, $300pm more isn’t a bad increase – not enough to cover the work involved, but again, that’s another story).

How did we help?  For no additional charge, we evicted the past tenants, obtained the bond, did the insurance claim for the owner and helped them through the renovation process until the happy ending of a new tenancy!

Self managed nightmare repair part 1

Happy new financial year!  I thought I’d start off with a 2 part story about a self managed property.

Here we have our poor hopeful lovely owners who secured a ‘bargain’ property sold through a local Werribee agent.  It had tenants in it, was receiving regular income, great!

The day prior to settlement though, their conveyance receives notice that, sorry, owner self manages the property and was only using an agent to sell, he made a mistake and the rent was in fact, 2 months behind. Oops, sorry.  Also, they didn’t get to do a pre-settlement inspection – sales agent said it would be fine and the tenants were tired of allowing access…

For most investors, alarm bells would be ringing loud and clear!  But sadly, our lovely owners went through with settlement, thinking the sales agent said their property management department would take over management and all would be well.

A week after settlement, the owner received the property file in the mail – sorry, too hard for us to manage, we’re terminating our agreement to manage the property.

Here is we step in.  Short story sort, another 2 months later and finally we get possession of the house (kicking, screaming, police at the property, lock changing possession)

Below is what the house looked like after that moment;

This was in February 2017.  Tune in next week for what it looks like now!