You’re probably wondering why you would choose us to tenant your property. After all, choosing the right tenant can make or break an investment. The common aspects a home owner considers when selecting a tenant are: risk, reward and aggravation.
"As I intended to self-manage, the opportunity to reduce the time involved inspecting the property, arranging and managing repairs, and dealing with tenants was attractive. Combined with a longer lease means I can still receive a stable rental income, without any of the hassles of directly dealing with incoming and outgoing tenants or the costs associated with vacancies.
It was clear from my first inspection that Ben and Melissa respect my investment and that the accommodation they provide is of a high standard. I have no doubts that Teatree Rooming will continue to look after my asset, and I am happy to see it being well maintained."
-Dennis, Landlord
Risk
Rent paid in full & on time
We, as the head tenant pay you the rent; not our residents. Our reputation is on the line and it is critical to us that we fulfil our duty. Our business will not survive without a stable and ongoing relationship with you.
Property damage
While having multiple people in a home may cause increased wear and tear, and the possibility of damage my increase, our strict cleaning and inspection routine allows us to make sure the condition of the property does not slip.
Further, we have a comprehensive insurance policy that ensures not only our peace-of-mind, but can coexist with your current insurance, effectively providing two layers of protection.
Finally, we pay a bond registered with the RTBA, as do each of our residents, effectively providing the property with double (or more) the bond you would typically get.
Large properties are hard to rent
We want a long term agreement. This ensures you have certainty of a regular income with no vacancy.
Multi-generational families are becoming more common, but are not yet at the level at which you’d expect prospective tenants to knock down the door to rent your property. However the demand for quality rooms in a quality home is high, and we are always in need. We have a team that operates fast, and a list of residents waiting for a room, so your home doesn’t have to sit empty.
Reward
Competitive rent
If your property meets our strict list of must-haves, we could potentially offer a higher rent. Why? We’re in the business of win-win-win.
Capital improvements
There are a few basic upgrades that we need to do (such as fire & safety devices), however these in no way stop your property from being used as a family home (if you choose). In fact, they make it safer.
However, our residents expect a certain level of quality, cleanliness and style, and we are more than happy to provide this. If your property has great features, but just needs a light update, then—with your full approval—we will pay for the improvements. If you want your house back the way it was before we occupied it, we’ll pay for that too (but we don’t think you’ll want us to)!
Reduced insurance premiums
You should speak to your insurance broker, but with the substantial bond (registered with RTBA), the comprehensive insurance policy, and the fire & safety devices we add, we have found it’s possible to reduce your insurance premiums, resulting in a better return for you.
Aggravation
No late night calls
You won’t receive a call in the middle of the night that the hot-water service has leaked—we do. And we’ll arrange the appropriate response.
Tenant screening
We have a waiting-list of pre-qualified potential residents. They all undergo rigorous screening and interview processes, not only to know they can simply pay the rent, but so we know that they compliment the community in the home which we offer them.
We do not intend to replace your property manager, and will allow them to screen the residents to their satisfaction.
No trouble tenants
We are aim to build tiny communities. Part of our screening process seeks to filter out residents that could cause issues amongst other residents or have unrealistic expectations.
Should any problem residents happen to make it into one of our homes, the flexibility of our resident’s agreements allow us to take fast action to rectify the situation—something that is only getting harder with standard tenant agreements.
Re-letting
When we have a long-term agreement in place with you, there is less advertising, applicant screening, open for inspections, vacancy and all the other hassles that goes along with a tenant moving out.
Manage contractors
Always acting within the framework of the agreement we sign with you, we look after all the maintenance issues—be it minor repairs or larger modifications.
We have a team of contractors—such as cleaners, handymen, gardeners & landscapers, pool cleaners, gutter maintenance etc—that we use proactively (that is, before issues arise) to keep the high standard of your home, and our service.