Talking Property Management
Elite property manager Samantha Eason discusses aspects of successful property management, including the management of client assets, as well as growth and strengthening strategies. Supported by Exclusively Managed - Brisbane Boutique Property Management. There is no doubt Sam is not one of your standard podcast speakers - this won't be a perfect sounding podcast, we spend our time focusing on our clients assets and investments, but we are here with you to discuss the dangers of improperly managed investments.
Talking Property Management
What is Rent Bidding?
Rent bidding with Exclusively Managed is a no go zone.
A rental property must be advertised at a fixed price - failing to do so is an offence. The property manager/owner does not have to display the price on a ‘for rent’ sign at the property, but any other advertisement must include a fixed price.
A property manager/owner must also not:
- advertise a property with a rent range (e.g. between $500-$600 a week)
- put a property up for rent auction
- proactively tell rental applicants to offer over the advertised rental price and encourage them to outbid each other.
A prospective tenant can proactively offer more than the advertised rental amount and the property manager/owner may accept their offer.
A prospective tenant can also offer to pay rent in advance and the property manager/owner can accept this. The maximum rent in advance a property manager/owner can ask for from a tenant is two weeks for a periodic agreement, or one month for a fixed-term agreement.
If you have any questions or scenarios you would like us to discuss on an upcoming episode, please email samantha.eason@exclusivelymanaged.com.au or visit https://www.exclusivelymanaged.com.au/