Leasing Tips

As a landlord, you will want to get the most out of your investment property, with the least amount of effort and stress. Your rental home should work for you, not the other way around.

Click below to read tips and information about leasing your investment and entrusting St Ives Realty with your property management needs:

To maximise your return on investment and avoid any problems as a landlord, it is essential to appoint an experienced Property Manager. St Ives Realty’s Property Management team is made up of high-calibre professionals who have been in the industry for many years.

Our Property Managers are knowledgeable, responsive and super-efficient in managing Perth rental properties. Our focus is always to ensure your rental has quality tenants who are paying the best possible rents, and with fewer vacancies.

Before putting your property on the rental market, you can help to maximise your rental return by ensuring the home is presented in the best manner possible. This includes attending to any maintenance or repairs.

You will need to consider (and may need to obtain professional financial advice on) aspects such as negative gearing, capital gains, depreciation, yields and investment mortgages.

For further tips about maxmising your return on investment, read > ‘Clever ways to make your investment property work harder’ (source realestate.com.au)

St Ives Realty operates a very strict screening process that aims to secure the best possible tenant for your property.

Our detailed tenancy application form enables us to establish current and previous rental and employment history, as well as to screen work and professional references. Prospective tenants are carefully selected through both the application and personal interview system. We will then contact you direct to discuss the application on its merits and the final choice of the tenant will be your decision.

This report is compiled at the commencement of a tenancy, prior to your tenant moving into the property. It provides a comprehensive and accurate description of the property’s condition at the start of the tenancy. It is later used when the tenant vacates, to ensure the property is left in the same condition as when they took possession.

When a lease concludes, a final property inspection is carried out as soon as possible. It is at this inspection that any items needing to be rectified by the tenant are identified.  This service is provided at no charge to the landlord.

St Ives Realty carries out routine inspections of your investment property on a regular basis and will notify you of anymaintenance that may be required.

Inspections also give us the opportunity to ensure the tenant is maintaining the property to our standards. Should this not be the case, we will issue the appropriate notices and re-inspect the property to ensure our requests have been attended to.

Following each inspection, a routine inspection report will be sent to you. Should it be necessary, a member of our Property Management team will contact you to discuss items noted on the report. If desired, you are also more than welcome to attend any routine inspections with your Property Manager.

We will carry out regular rental reviews in line with market trends, to ensure your rental income is maximised, while also ensuring capital growth of your asset.

Tenants have several options to pay their rent, leaving no excuse for late payments. St Ives Realty supplies an agent deposit book to tenants, allowing them to pay their rent directly into our trust account. They may also transfer funds via internet banking through their chosen financial institution, or direct debit from their nominated bank account.

An ‘arrears’ list is reviewed daily by St Ives Realty’s General Manager and the Property Management team. Tenants who are more than three days in arrears are contacted by telephone reminding them that their rent is now overdue. Generally this reminder is sufficient. However, if they fail to pay rent in accordance with their agreement (beyond 7 days in arrears), then a ‘Residential Tenancies Authority Form 11 Notice to Remedy Breach’ is issued to the tenant. If the breach is not remedied, it will result in a ‘Notice to Leave’ being forwarded to the tenant.

Monthly distributions are paid directly into your bank account as ‘cleared funds’. If preferred, fortnightly distributions can be arranged.

St Ives Realty will pay any approved maintenance requests, local council rates and body corporate fees on your behalf with funds available in a nominated account.

Monthly statements are emailed/mailed to you for taxation purposes, detailing rent collected, authorised expenditure and our management fees. Your statements will clearly outline income and expenditure for the period, with originals attached of any accounts paid on your behalf. An annual summary statement will also be issued at the end of each financial year.

It is our policy to always maintain open and honest communication with our clients. We will keep you fully informed at all times and can offer guidance advice as and when it’s needed. We always provide the highest standard of service, without losing sight of the importance of personal contact.

It is our policy that all owners are contacted and authorisation is obtained before any repairs or maintenance work can be carried out. Please visit our Maintenance & Repairs page for full details.

We look forward to discussing how we can help you get the most out of your investment property. We invite you to book a free rental appraisal or contact our Property Management team to learn how we can assist.