14 February 2024
60
Centennial Crescent
Orange
Dear Investor,
Thank you for the opportunity to meet with you to discuss your property.
We understand the importance of the decision to lease your property and the task of choosing the right agent to represent you.
To help you in your decision making process we have included the following information in this proposal:
- Recent data of comparable properties
- Recommended marketing strategy for your property
- An outline of the McGrath Process and the McGrath advantage.
McGrath’s success has been built on repeat and referral business, which is why our Founder John McGrath often says, “When the leased sign goes up, we see the relationship as truly beginning.” Helping others achieve their goals is how we achieve ours.
We are excited about achieving the best possible result for you and we’re ready to start immediately if you decide to proceed.
If you have any questions about this proposal, please call me on 0401 622 447. I look forward to discussing the next steps with you.
Kind regards,
- Rebecca Hammond
- McGrath Orange
- 0401 622 447
- RebeccaHammond@mcgrath.com.au
- Dearne Yeghoyan
- McGrath Orange
- 0400 795 271
- DearneYeghoyan@mcgrath.com.au
ORANGE MARKET INSIGHT
-
24.5DAYS ON
MARKET -
3.9%
RENTAL YIELD
-
$510
MEDIAN RENT
-
24.5
DAYS ON
MARKET -
4%
RENTAL YIELD
-
$400
MEDIAN RENT
*Market Insights data from 1 October 2022 to 14 February 2023
COMPARABLE RENTALS
15 Fahy Crescent,
Orange
- 4 Bed
- 2 Bath
- 2 Car
Leased on 05 September 2023
Rented | $850
15 Murray Avenue,
Orange
- 4 Bed
- 2 Bath
- 8 Car
Leased on 21 April 2023
Rented | $800
1 Queensbury Close,
Orange
- 4 Bed
- 2 Bath
- 2 Car
Rented | $790
MARKETING SCHEDULE
THE McGRATH LEASING SYSTEM
Initial Briefing
Research and plan thoroughly to set strong foundations to build from.
- Goals
- Priorities
- Property details
- Neighbourhood
- Concerns
Pricing analysis
Set the price where we will generate the property’s strongest enquiry levels and find the best quality tenants.
Set the price range where we will find the property’s strongest tenants.
We focus all our energy and resources on achieving a premium price within that period.
Set to Lease
Identify and resolve any items that may cause concern.
- Recommendations
- Compliance
- Pricing strategy
- Advertising
- Our communication program
- Open for inspections
- Gauging tenant interest
- Applications
Marketing & inspections
Reach the maximum number of potential tenants – passive, active, local and out-of-area tenants.
Essential elements
- Photography
- Signboards
- Tenant Database
- Real Estate online portals
- Rental stock list
- Social media
- Inspect real estate
Finalising the tenancy
Professional Ongoing Management of your property.
- Repairs and maintenance
- Rent collection, processing and accounting
- Property inspections
- Online tenant and landlord portals
- Unparalleled customer service and processes
- Market reviews
- Recommendations to improve long term value
HOW WE MANAGE THE LEASING PROCESS
We want the process of leasing and managing your property to be the celebration it should be. Things tend to move fast once you’ve made the decision to proceed with leasing your property. We’ll ensure the process is simple by taking care of everything for you. We’ll keep you well informed so you can feel confident making the right decisions.
We know you’ll be anxious to hear the inspection results, so we give you immediate feedback, including:
Attendance
Applications issued
Applications received
Applications reviewed
Next inspection date and prospective tenants registered
CONTINUOUS UPDATES
We’ll contact you throughout the week to discuss progress, strategy and applications. We provide comprehensive feedback including tenant numbers, marketing campaign status, all tenant feedback and prospective applications.
1
Database
Our databases lets you access tens of thousands of prospective tenants. Marketing your property to targeted areas of our database builds tenant interest quickly and is very cost effective. It also maximises the initial rush of competition that can deliver a premium rent for your property.
2
McGrath Website
The McGrath website receives over 541,000 visits each month, with over 12.6 million page views per year. It is a comprehensive website providing 24/7 access to McGrath listed properties, services and contact information.
3
Online Booking
Convenient 24/7 access to book a property inspection from a computer, tablet or smartphone.
We can notify prospective tenants if the inspection time is changed or cancelled and if the property is leased before the inspection. We can send prospective tenants directions to the property"s location. Inspection appointments can be cancelled or changed easily if the time is no longer suitable.
4
Application Process & Tenancy Database Check
Tenants can apply online and we'll carry out a detailed assessment of their references, identity checks and tenancy database checks before selecting the most suitable tenants.
5
Lease signup and Ingoing report
Before the tenant moves in we will document the condition of your property in a detailed report with photos. This will give you peace of mind should anything happen at anytime during the tenancy.
We set an appointment with all new tenants to comprehensively review the tenancy agreement in person, this starts the tenancy off in the right direction.
ONGOING MANAGEMENT PROCESS
Unparalleled Customer Service
and Processes
Our systems and technology lead the industry, but what really sets us apart is our personal attention. You'll receive regular updates from your single point of contact, including monthly and annual financial reports, along with information and ideas on how to lift your property's long term value.
6 Star service guarantee:
- McGrath internal service agreements – email and phone calls
- Specialised roles to enhance communication and personalised service
- McGrath customer service training – Company and Network training
- Leading edge technology
- A brand synonymous with customer service
- Direct communication every step of the way
Online Landlord and
Tenant Portal
Our Online Owner and Tenant Portals are accessible from our website and allow you, the property owner or tenant to:
- Access your property information 24 hours a day, 7 days a week
- View important property data and financial data anytime
- Download your statements and documents
- Directly contact our business from the portal
- Recover your login details if you forget
- Available on all mobile devices
McGrath Technology
McGrath has embraced technology and recognises the importance of strategically understanding the online market. The company’s ongoing significant financial investment in this space reinforces the McGrath vision to offer 6-star service to clients both online and offline.
High Performance and
Adding Value
Anyone can promise you a result, at McGrath we guarantee maximum results with minimum stress. We approach Property Management differently. Without a deep understanding of what makes your situation special, your property’s potential may be limited. All of this is a philosophy inspired by founder John McGrath and the personal pride he takes in every aspect of our business.
Finalising the tenancy
Professional Ongoing Management of your property.
- Repairs and maintenance
- Rent collection, processing and accounting
- Property inspections
- Online tenant and landlord portals
- Unparalleled customer service and processes
- Market reviews
- Recommendations to improve long term value
OUR VALUE-ADDED SERVICES
Trades You Can Trust
We can help you take care of your property even before we go to market; touching up paintwork, enlisting the services of carpenters, plumbers, electricians to attend to repairs, or a gardener to get the garden immaculate before we list for lease. Over the years, we’ve built trusted relationships with local tradespeople in every field and can organise all work on your behalf.
Cleaners
Your home should present its best for all inspections. Before a tenancy commences, it is recommended to have your property professionally cleaned from top to bottom. Cleaners can also take away the pressure that comes with moving home as well as setting a standard for a tenant as to how we expect a property maintained throughout the tenancy and returned at the end of a tenancy. We can also arrange this on your behalf.
Oxygen Home Loans
To help you find the right home loan for your next property, we have a large team of Oxygen Home Loan brokers working with the McGrath network of offices.
Oxygen saves you time, gives you choice, and helps you avoid pitfalls when it comes to finance. They work for you, not the banks. They will go in to bat for you to find and negotiate the most competitive loan and the fastest pre-approval possible. We trust them to recommend the home loan that’s right for you, whichever bank offers it. All this at no cost to you – their service is free. That is a really fresh promise in home finance.
Insurance
Standard home and contents insurance will not protect against many of the risks that a landlord may face. Whether it be loss of rent due to an absconding tenant, damage to your property, theft or a whole range of other unforeseen circumstances including tenant hardship, landlord insurance provides peace-of-mind to property owners.
Tax Depreciation
When a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) governs legislation that allows owners of any income producing property to claim a tax deduction for this wear and tear. A property investor can claim this deduction, granted they have a Tax Depreciation Schedule completed on the property.
A Tax Depreciation Schedule is a report prepared by a suitably qualified Quantity Surveyor which outlines the depreciation allowances that an investor could be entitled to. The report will highlight items of plant and equipment and capital costs that may be depreciated. It incorporates the value of each item and then calculates the amount you can deduct each year as part of your tax return.
Renovations
There are many benefits to renovating your investment property including increasing your rental return and value of your property, attract and retain a better quality of tenant, depreciation considerations. We can assist by discussing recommendations, engage experts to provide quotes and appoint and manage approved works.
OUR TEAM
Rebecca Hammond
Born and raised in Orange, Rebecca Hammond brings a wealth of local insight to her role as a passionate short term property manager. Driven to be known as one of the top agents in her field, she strives to build lasting relationships with people, providing a service that is centered around the customer experience. Rebecca is excited by the growing appreciation for temporary holiday letting, and she takes great pride in being able to assist property owners with their rental goals. A real pleasure to work with, she's able to consistently deliver superior results through her incredible attention to detail and unrivalled work ethic. As a part of a well respected McGrath brand, Rebecca places great value on the immense support she receives from the industry-leading company. If you're looking for a dedicated short term property manager, Rebecca Hammond is someone you can trust to have your best interests at heart.
Dearne Yeghoyan
Meet Dearne Yeghoyan, property manager at McGrath Orange who has a deep love for country towns and a passion for helping people find their perfect home. Born and raised in Orange, Dearne has a wealth of knowledge about the local area and is committed to providing exceptional service to her clients.
McGrath Orange Property Management
ABOUT McGRATH
It all began in 1988. In a small office in Paddington, Sydney, where John McGrath developed a real estate philosophy based on integrity and transparency, and a process to deliver outstanding results for clients.
McGrath is one of the fastest growing real estate companies in Australia.
An integrated real estate services business, McGrath operates five business units providing residential property sales, property management, mortgage broking, auction services and career training.
SERVICE OFFERING
| Tenant Reference Check | |
| Employment / Credit | |
| National Tenancy Database | |
| Tenancy documents prepared and lodged | |
| Regular rental market-reviews | |
| Online rental payment statements | |
| Routine inspections | |
| Detailed Property Condition Report and Photos | |
| Check-in of the tenant at the start of the tenancy | |
| Managing the check-out process | |
| Smoke alarm compliance check | |
| Pool compliance check | |
| Cost effective repairs and maintenance | |
| Payment of outgoings / transfer of utilities | |
| Insurance claim processing | |
| Collection of rent and banking | |
| Receipt of rent | |
| Bi-monthly release of funds | |
| John McGrath Quarterly Market Review | |
| McGrath Property Management Newsletter | |
| Extended Services (upon request) | |
| Yearly Financial Statement | |
| Access to Depreciation Specialist for expert analysis | |
| Online Landlord Portal access | |
| Competitive Home Loan health check assessment | |
| Annual appraisal of your property |
SCHEDULE OF FEES
Management Fee
8.8% of gross income received plus GST
Covers the ongoing management of your property, sending notices, organising maintenance, liaison with landlords and tenants, organising quotes that may be necessary, etc.
Letting Fee
110% of one weeks rent inc GST
Covers prospective tenant inspections, processing of applications, collection of Bond and rent in advance, completion of written condition report and detail digital photos of the property.
Monthly Administration Fee
$8.80 incl GST
This fee covers disbursement of rent and provision of monthly and annual statements, together with copies of applicable invoices.
Marketing Fee
$452.00
Professional Photography & floor plan $385, Realestate.com.au (feature 30 day listing) $67.00, Domain.com.au (Gold branded 15 day listing) free.
Tenancy Preparation Fee
$88.00 incl GST
This fee covers all the legal paperwork required for the tenancy to begin.
End of Financial Year Statement Fee
$8.80 incl GST
Lease Renewal Fee
$88.00 incl GST
This covers the cost of the legal paperwork needed to renew the lease.
Tribunal Attendance Fee
$88.00 incl GST for preparation of case and $88.00 incl GST per hour for attendance
Digital Marketing