Hi All,
Is anyone getting similar experience from their property managers. It seems to me more and more real-estate?s see that rent roll in and just have to get their little mitts on as much of it as possible. I mean seriously they charge roughly 7% and from my experience they collect rent. Keep in mind most of this is automated these days with the programs they all use. My fee is 5% rent collection and 2.2% management. What the hell they really do for the 5% is beyond me. And only 2.2% to manage my property. Shouldn?t this be the other way around. But I digress.
There seems to be a new trend of must have ?Fire Service Compliance?. And promoting companies like 1300 Smoke Alarms.
From my research in NSW at least, is the following:
http://www.fairtrading.nsw.gov.au/f...d/Starting_a_tenancy/Safety_and_security.page
Responsibilities of landlords and tenants under the Residential Tenancies Act are:
? Landlords are responsible for installing smoke alarms in rented premises.
? Landlords have the right of access to rented premises to fit or maintain smoke alarms after giving the tenant at least 2 days notice.
? Neither the landlord nor the tenant are, except with reasonable excuse, permitted to remove or interfere with the operation of a smoke alarm fitted in the rented premises.
? Where a smoke alarm is of the type that has a replaceable battery, it is recommended that the landlord put a new battery in at the commencement of a tenancy.
? After the tenancy begins, the tenant is responsible for replacing the battery if needed. Fire and Rescue NSW can assist elderly tenants or those physically unable to change a smoke detector battery.
? The condition report includes a specific reference to smoke alarms so that tenants and landlords are able to note and comment on the presence of smoke alarms at the beginning and end of the tenancy.
Whilst I do concede if it was to stop working or malfunction then it would need to be fixed. Most smoke detectors can be bought at Bunning?s for around $20.
It seems to me they are starting to push this more and more because they get kick backs.
My real-estate has stated they no longer check smoke alarms because they are not qualified. What to push a button. Wow. Something else they no longer do for their fees. Surely if I do use a smoke alarm ?compliance? company they will give me some of my management fees back. Yeah right.
And what compliance? There is no such legislation from what I can find.
The real-estate is pushing for a signature on the form which state.? I do not wish to use any of these services. I do not wish for my property to be enrolled in any of these compliance services. I take full responsibility for the Smoke Alarms, Safety Switches and or Corded Windows.? How can you take responsibility for that. Safety switches. For god?s sake you would have to be an electrician to even consider signing that.
I also note that it could potentially negate landlords insurance.
Exert from landlords insurance policy booklet:
We will not cover you if liability arises or
results from:
? you agreeing to accept liability for the claim
Of course this is all my opinion but I am very keen to hear what others have to say. And what do others think about real-estate agents being more regulated and not being able to scare monger people with what I can tell is absolute lies. They seriously seems to make up more crap every week.
Is anyone getting similar experience from their property managers. It seems to me more and more real-estate?s see that rent roll in and just have to get their little mitts on as much of it as possible. I mean seriously they charge roughly 7% and from my experience they collect rent. Keep in mind most of this is automated these days with the programs they all use. My fee is 5% rent collection and 2.2% management. What the hell they really do for the 5% is beyond me. And only 2.2% to manage my property. Shouldn?t this be the other way around. But I digress.
There seems to be a new trend of must have ?Fire Service Compliance?. And promoting companies like 1300 Smoke Alarms.
From my research in NSW at least, is the following:
http://www.fairtrading.nsw.gov.au/f...d/Starting_a_tenancy/Safety_and_security.page
Responsibilities of landlords and tenants under the Residential Tenancies Act are:
? Landlords are responsible for installing smoke alarms in rented premises.
? Landlords have the right of access to rented premises to fit or maintain smoke alarms after giving the tenant at least 2 days notice.
? Neither the landlord nor the tenant are, except with reasonable excuse, permitted to remove or interfere with the operation of a smoke alarm fitted in the rented premises.
? Where a smoke alarm is of the type that has a replaceable battery, it is recommended that the landlord put a new battery in at the commencement of a tenancy.
? After the tenancy begins, the tenant is responsible for replacing the battery if needed. Fire and Rescue NSW can assist elderly tenants or those physically unable to change a smoke detector battery.
? The condition report includes a specific reference to smoke alarms so that tenants and landlords are able to note and comment on the presence of smoke alarms at the beginning and end of the tenancy.
Whilst I do concede if it was to stop working or malfunction then it would need to be fixed. Most smoke detectors can be bought at Bunning?s for around $20.
It seems to me they are starting to push this more and more because they get kick backs.
My real-estate has stated they no longer check smoke alarms because they are not qualified. What to push a button. Wow. Something else they no longer do for their fees. Surely if I do use a smoke alarm ?compliance? company they will give me some of my management fees back. Yeah right.
And what compliance? There is no such legislation from what I can find.
The real-estate is pushing for a signature on the form which state.? I do not wish to use any of these services. I do not wish for my property to be enrolled in any of these compliance services. I take full responsibility for the Smoke Alarms, Safety Switches and or Corded Windows.? How can you take responsibility for that. Safety switches. For god?s sake you would have to be an electrician to even consider signing that.
I also note that it could potentially negate landlords insurance.
Exert from landlords insurance policy booklet:
We will not cover you if liability arises or
results from:
? you agreeing to accept liability for the claim
Of course this is all my opinion but I am very keen to hear what others have to say. And what do others think about real-estate agents being more regulated and not being able to scare monger people with what I can tell is absolute lies. They seriously seems to make up more crap every week.
