Wellstead Team 
It pays to have a professional property manager to care for your property and guide you through the legislation and compliance rules to protect you.
It is not a simple process of collecting rent and being nice to the tenant anymore, you have to act and conduct all your business dealings and communications in accordance with the law.
Property investors choosing to self-manage their portfolio have been given a fresh reminder of the consequences for not following the rules.
A 37 year old Meekatharra landlord has been fined $24,000 for spending tenants’ security bonds, harassing a tenant via her phone calls and text messages and taking excessive rent up-front, according to Consumer Protection Western Australia.
The landlord was found guilty of 13 contraventions of the Residential Tenancies Act. This is not an isolated case. Landlords and agents across the nation who don’t act in accordance with the law are being fined for acting outside of the Act.
As your managing agent we know the rules and our focus is to protect you by:
- Issuing the correct documentation, including prescribed agreements and forms at the commencement and end of tenancy.
- Issuing the correct forms and notice periods to access a property, increase the rent and terminate a tenancy.
- Correctly administrating rent and bond receipts.
- Documenting and managing maintenance requests correctly.
- It is important (where possible) that no landlord has direct contact with a tenant to discuss tenancy matters or enter into any verbal agreements.
