Services
With our full property management service, we take care of everything. Tenant sourcing & all tenant vetting. The day-to-day management, checking rents, any maintenance issues. The ingoing/outgoing inspections, plus the regular 3 monthly ones.
Monthly financial statements back to you, showing all income and expenses – plus full year end financial statements for your accountant.
We make owning a student rental property as passive for you as possible. While giving you the peace of mind that your investment is in expert hands.
We do offer a casual letting service. This is the tenant finding portion of the process only. Leaving you to self-manage the rest.
Fees
Our 2 tier fee structure covers ALL ongoing management of your property. The only additional cost is the letting fee – 1 weeks rent for tenant sourcing, vetting and placing.
All listed fees are plus GST.
Standard – 8 %
- Quarterly inspections
- Rent collection and arrears management
- Maintenance coordination
- Monthly owner payouts
Premium – 10 %
- Quarterly inspections
- Rent collection and arrears management
- Maintenance coordination
- Fortnightly owner payouts
- Priority tenant sourcing
- FREE Healthy homes certification (updated bi-annually )
-
100% Rental guarantee
We will pay your rent if the tenant stops paying*
Appraisal
We offer a FREE appraisal for your existing student rental – plus offering advice on different ways you may be able to add value to get a significant rent increase.
Call us to book this in, or fill out the contact form at the bottom of this page.
This free appraisal is also available when looking to purchase a student rental.
Our Invest service helps you with the whole find / buy / renovate process. We have found that the best student rentals aren’t just bought – you need to buy in the right location and then create the cashflowing investment.
FAQ
What does the rental guarantee cover ?
This sets us apart from a lot of other property managers.
If we have sourced the tenant and they stop paying rent during their tenancy, we will continue paying your rent. So no missed rent payments for you – ever!
Do you only manage student properties ?
Yes. We have decided to focus on what we know best. And this is a niche segment with loads of nuance, so experience really matters when dealing with student properties and student tenants.
When do you start looking for tenants ?
Unlike ‘normal’ rental properties, student tenants start looking for the next years flats in June/July/August. So we are starting to find and sign up tenants 6 months before the new tenancy begins.
How long are the student leases ?
Students almost always sign up for a 12 month lease. These will normally start between 1 December – mid February. Even thou their academic year is mid Feb – early Nov, they understand they need to pay for the full 12 months.
How much bond do you take ?
We always aim to get the maximum bond – which is currently 4x the weekly rent. As student properties often have a higher number of bedrooms (4 – 7 is standard) and the room rates are $200+, this ads up to a good sized bond. Regularly we get bonds of $4000 – $6000
Are student rentals leased room by room ?
No.
Room by room rentals come with a lot of other compliance and issues.
Student tenancies are a single tenancy agreement for the whole house. ALL the tenants are listed on that agreement, so it qualifies as a ‘standard’ tenancy. Which helps your lending and the tenancy management.
Student rental rates are often quoted as ‘per room’ but usually this is so the tenants can easily see what their portion of the rent will be.
Drop us a message in the contact form below – or give me a call to discuss your situation and how we can help you.
Nathan 027 533 4844