Kevin
When I was doing the Licensing course, one of the teachers used to manage a rent roll of more than 750 properties.
He instilled in us a righteous fear of going to the Tribunal - or any other Court, for that matter.
He, personally, thought it was the ultimate admission of failure should a professional agent not be able to negotiate the situation through to a successful solution.
He also thought it was a criminal waste of time which could be put to better use, such as signing on more landlords or attending to the tenants he already managed.
Noel told us, very sternly, that in more than 30 years of business he had never once been to court and had no intention of ever going.
Congratulations on managing your rent roll in such a professional manner!
Kristine
PS However, having a human being for a property manager and not Noel H., should my pm ever have the need to represent me at the Tribunal - and having been there myself for the planning application - I would certainly not expect this service for 'free'.
Knowing how consistently and well my pm and the team work, I consider I get value for every dollar I pay them across the course of the year. The Tribunal and its processes are time consuming, the events leading up to it would undoubtedly be stressful, and a day in the CBD, preparation, actual costs such as petrol and parking, I would consider a professional fee of at least 8 hours by $50 per hour (plus GST) would be just about a break even cost for them.
... by the way, rather than call the plumber out for a leaking 'O' ring under the cistern, the pm went to the property on his way home, inspected the leak, drove to Bunnings and returned to replace the seal, all at his own expense and on his own time.
... at the recent relet of another property, the property inspection report ran to 22 pages. Both pm combed the property from top to bottom, even listing 'seven small indentations in the plasterboard to the right of the door leading into the rumpus room'.
I think these fellows are just great and the salt of the earth!
When I was doing the Licensing course, one of the teachers used to manage a rent roll of more than 750 properties.
He instilled in us a righteous fear of going to the Tribunal - or any other Court, for that matter.
He, personally, thought it was the ultimate admission of failure should a professional agent not be able to negotiate the situation through to a successful solution.
He also thought it was a criminal waste of time which could be put to better use, such as signing on more landlords or attending to the tenants he already managed.
Noel told us, very sternly, that in more than 30 years of business he had never once been to court and had no intention of ever going.
Congratulations on managing your rent roll in such a professional manner!
Kristine
PS However, having a human being for a property manager and not Noel H., should my pm ever have the need to represent me at the Tribunal - and having been there myself for the planning application - I would certainly not expect this service for 'free'.
Knowing how consistently and well my pm and the team work, I consider I get value for every dollar I pay them across the course of the year. The Tribunal and its processes are time consuming, the events leading up to it would undoubtedly be stressful, and a day in the CBD, preparation, actual costs such as petrol and parking, I would consider a professional fee of at least 8 hours by $50 per hour (plus GST) would be just about a break even cost for them.
... by the way, rather than call the plumber out for a leaking 'O' ring under the cistern, the pm went to the property on his way home, inspected the leak, drove to Bunnings and returned to replace the seal, all at his own expense and on his own time.
... at the recent relet of another property, the property inspection report ran to 22 pages. Both pm combed the property from top to bottom, even listing 'seven small indentations in the plasterboard to the right of the door leading into the rumpus room'.
I think these fellows are just great and the salt of the earth!
