Leasing your property with informed agents

16 March 2024

With a mass shortage of available rentals, tight 0.7% vacancy rate and skyrocketing rents, Perth’s rental market has never been hotter.

So, when it comes to leasing your investment property, one of the best inclusions you can have in your toolkit is an experienced, knowledgeable agent.

While finding a tenant in the current market will not be an issue, you want to find the right tenant – and having an informed property manager to lead the hunt will be vital.

Real Estate Institute of WA data shows the median dwelling rent rose to $630 in Perth in February – 2.4% more than January and almost 19% higher than a year ago.

A shortage of available properties is fuelling extreme competition amongst prospective tenants, with just 1728 properties available for rent at the end of February.

“At Mont, we make it our business to be experts, not just in property sales, but also in the field of property management,” said Mont Property Management Executive Vanessa Bradley.

“We provide a wrap-around service and act as a conduit between the landlord and tenant, while delivering peace of mind that the investment will be well managed and cared for.

“We look after your property as if it is our own, engaging quality tenants to maximise your financial return and protect your asset with professional, efficient service from the Mont team and third-party contractors.”

Mrs Bradley said Mont had been closely following changes to Western Australia’s Residential Tenancies Act, which are due to come into effect mid-year in a staged roll-out.

Under the Residential Tenancies Amendment Bill 2023, which was introduced into Parliament late last year, tenants will automatically have the right to keep pets and will be allowed to make minor modifications to rental properties without landlord approval.

Also proposed is a ban on ‘rent bidding’, a limit of one rent price increase every 12 months; and a more streamlined bond disposal process.

Under the revised laws, landlords would continue to be able to terminate tenancies without grounds.

“The new Residential Tenancies Amendment Bill is proposing some of the most significant changes to residential rentals that we have seen in years,” Mrs Bradley said.

“Having an intelligent, responsive and effective property manager who understands all of these changes and how they affect both landlords and tenants will be critical in ensuring the smooth management of your investment.”

If you want the peace of mind of having a property management professional taking care of your rental, call the team at Mont.

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