Our Process for Residential Property Management
At MJ Asset, our streamlined residential property management process ensures your investments are well cared for, maximizing returns while minimizing stress. Here’s how we do it:
We begin by assessing your property to set the optimal rent and develop a tailored marketing strategy. Our professional photos and targeted advertising attract high-quality tenants, minimizing vacancy rates.
2. Tenant Screening
We conduct a thorough tenant screening process, including interviews, credit checks, background checks, and references from previous landlords. This rigorous approach ensures we find the right tenant for your property.
3. Tenancy Agreement
Once a suitable tenant is selected, we prepare a tenancy agreement that complies with current legislation, ensuring your protection as the landlord.
4. Inspections
We perform detailed inspections at the start, during, and end of the tenancy:
- Ingoing Inspection: A comprehensive report with photos before tenants move in.
- Routine Inspections: Conducted every three months to ensure property upkeep and compliance.
- Outgoing Inspection: A final inspection to assess the property condition upon tenant departure.
5. Ongoing Management
We handle rent collection, maintenance requests, and tenant communication, ensuring timely payments and prompt resolution of any issues. Our zero tolerance policy for rent arrears helps maintain financial stability.
Our dedicated team is on standby for any necessary repairs. We notify you of maintenance issues and seek your approval unless it’s an emergency.
7. Ending the Tenancy
Upon receiving notice from tenants, we quickly advertise the property and conduct viewings to minimize downtime. After tenants vacate, we carry out a thorough outgoing inspection and manage the return of the bond.
