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Company ProfileRPM Real Estate Group was formed in 1994 to provide a new and focused alternative to the marketing of residential land, both developed and undeveloped. RPM Real Estate is headed by Director’s Peter Grant and Eric Dick who between them account for more than 45 years’ experience in real estate.RPM Real Estate Groups success has now grown to a full time staff of more than 30 employee’s, with specialized experience ranging from sales, management, acquisitions, development, property research and specialized property management. The exponential yet measured growth has been such that in 2006 alone RPM was responsible for more than $300 million dollars worth of property transactions.With the company acquiring the services of one of Melbourne’s most experienced and qualified Senior Property Managers, our Property Investment and Management Division, specifically aimed at the residential property investor, will compliment our already successful Estate Management, Broad Acre and Research divisions.The Services offered by our Property Management Department: -- Detailed reference and background checks on prospective tenants.- Preparation on lease documentation, property inspection reports and bond lodgments.-Current market conditions and rental valuations.-Maintenance issues which may arise, and current legislative requirement.-Ongoing management of the investment property, including VCAT (tribunal) representation if required.-Thorough final inspection reports with maintenance, cleaning and final rental payments being completed.-Payment of property outgoings on behalf of clients such as council and water rates.-Detailed monthly and end of financial year income/expenditure statements.Promotion and AdvertisingAs with all other areas of your investment property, our approach to advertising focuses on maximum return for minimum expense. With this in mind our goal is to maximise exposure to prospective tenants while at the same time remaining aware of the costs involved with property promotion.To reduce vacancy periods, and increase the choice of prospective applicants, the advertising process must be carried out prior to the availability date with promotion via several Internet sites, rental availability lists, brochures and signage on the propertyThe Tenant Selection ProcessOne of the most important factors to ensure a successful investment within residential property is not only the experience of the property manager chosen, but also the quality of the tenant chosen by the property manager.After meeting with the prospective tenant, a detailed tenancy application form is then required so our office can perform the many reference, credit and employment checks required to meet all eligibility criteria for the approval of the application. Prior to the commencement of the lease, one full months rent in advance will be collected from the tenant, along with another months rent as security (bond).We are happy to provide detailed information regarding the leasing process, and lease terms with you (more than 50 in total) should you have any queries in relation to this process.Property InspectionsWith all new properties, detailed pre-settlement property inspections are carried out with the client to assess the cosmetic finishes of the property prior to settlement and hand over. A second inspection will then be carried out prior to the expiration of any defect warranty period on behalf of the property owner.In accordance with Victorian legislation, property inspections will then take place every six months for new tenants to assess the cleanliness and upkeep requirements of the property. A full inspection report will be forwarded to you for your records.Our company also offers DVD recorded “walk through” inspection reports, allowing you to view your investment from the comfort of your own home. (Subject to the occupant’s approval in occupied premises).Lease Terms and ConditionsUnless otherwise requested by the client, a 12-month initial lease term will be negotiated with the tenant during the application process. This period allows us as your agent to constantly monitor the state and level of the market on an annual basis, and increase your rent accordingly should the market rates increase while at the same time allowing you the security of fixed leases each year.Monthly Rental PaymentAlthough uncommon, should a tenant fall behind in their rental obligation our company will make contact with your tenant to rectify the situation. It is a company policy to have all tenants rental directly debited from their nominated bank account on the day it is due, so we are aware the next business day of any defaults.Our company will then make contact with the tenants firstly via telephone, then mail to discuss alternative payments. You will be notified immediately should delays develop.Monthly StatementAll details of your property’s income and expenditure will be prepared for you on a monthly basis, and forwarded to you in the form of a financial statement. This service will also be extended to you at the expiration of each financial year, with a full property report showing the years activities prepared on your behalf. Monthly statements will be provided at the discounted rate of $1.10 (which includes postage) and there will be no charge for your end of financial year statement. We also offer the ability to have your monthly rental direct debited into the bank account of your choice each month. We would also be happy to re-direct all outgoings to our office for payment on your behalf, such as council and water rates, at no extra charge. ................
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