Ensure you never miss an issue of the
real estate business bulletin
How a property management timeline can save you time — and headaches

How a property management timeline can save you time — and headaches

by Bradley Jacobs 0 comments

Managing a large portfolio of high-value properties can be a challenging task at the best of times. With clients' expectations for the best possible service at an all-time high, coupled with living in the digital era where we are all so accessible at any time and anywhere, it is even more important to have systems and procedures in place.

To manage clients' expectations and also our own team’s day-to-day activities, we have introduced what we call the property management timeline. This has quickly become an essential tool for our property management division of the business and is put in place on the signing of each and every lease agreement.

The property management timeline covers:

• Start and end dates of the tenancy agreements

• Dates for routine inspections

• Landlord insurance renewal alerts

• Hot water tank inspections

• Strata payment due dates

• Council rate payment due dates

• Water rate payment due dates

The benefits we have seen by putting the property management timeline in practice include:

1. Landlord’s expectations are met and managed from the outset of the agreement being signed.

2. The owner has a better understanding of their tenancy and an overview of what and when to expect communication from the agency.

3. By having dates outlined for payments or potential replacement of high-priced items, such as hot water tanks, our clients can budget accordingly.

4. The owners can plan their schedule and ensure they are available to attend routine inspections (if they are interested).

5. We don’t miss anything! This is not only a timeline for our landlords but also for us.

How a property management timeline can save you time — and headaches
lawyersweekly logo
Bradley Jacobs has leased and managed more than 350 properties.
 
He started in marketing then moved into property management in South West London before returning to Sydney.
promoted content
Recommended by Spike Native Network
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?