Understanding Property Management

Owning a rental property of any kind requires a balanced relationship of interests with a reasonable Landlord, Tenant and Property Manager. An owner who maintains their asset in peak condition can also expect premium returns especially in times of economic downturn and other comparable competing properties. Depending on market economic conditions, a well presented and well maintained property is always likely to attract a good Tenant who seeks the best value for money.

Ask yourself the questions, "Would I pay rent to live or work in an environment which was poorly maintained, had suspect plumbing or looked run down both inside and outside, if I have a choice?" A reasonable person would just look elsewhere for a better value property, especially in a competitive market. Property Owners also need to understand the basic economic material fact and reality, that if there is an oversupply of properties in the rental market and an under-supply of Tenants it is unreasonable to expect that every property can be leased. This expectation is irrational and unrealistic.

Property Owners need to understand some basic material facts.  Many external factors contribute to the condition of the marketplace like the available local job market and long term stable employment, the cost of living, educational opportunities for children, locality to amenities such as shopping centres and medical facilities to name a few. Property Owners cannot expect that every Tenant has the desire to rent their property if they have other choices. Tenants demand good value for their money.

Some Landlords and Property Owners think the Tenant’s rental income will cover the cost of their maintaining their investment property, some choose only respond to reactive property maintenance when something completely wears out or becomes unserviceable beyond economical repair. Some landlords are even of the opinion that they don’t recognise fair wear and tear and expect the Tenant to pay for repairs. This is obviously an unconscionable and unfair practice which breaches the Tenant’s basic rights to lease a property. The Property Owner has a statutory obligation to provide a secure safe environment for the Tenant to live or work which enables them to maintain a healthy state of well-being.

As a reasonable person, do you expect to have your vehicle to be serviced or unroadworthy defects to be repaired then pay the service provider a number of weeks later?  The DSM Team endeavours to create a balanced in the relationship with all parties connected to the management of your rental property. We achieve this with acts of professional courtesy, respect and dignity which includes consistent transparent communication between the Tenant, Property Owner and the DSM Team.