Property Management

Our highly trained, experienced and award winning team at Prowealth® is ready to assist you with all of your Investment Property Management needs in greater Brisbane. Our property management department has extensive knowledge and experience in tenancy management and there are usually a number of objectives people are looking to achieve when selecting a managing agent –

1. How will tenants be found?
2. What happens when a prospective tenant applies for a property?
3. How do you know if the property is being looked after?
4. How will the property be marketed (and at what cost)?
5. How often do you process rent disbursements?
6. Are you locked into the agency even if you’re unhappy?
7. How long does it take to get your property leased?
8. How much will the agency charge for their services?
9. How many staff does the agency have and how many properties are managed?
10. Are there any hidden costs?

100% Property Management

As a dedicated property management business, we exist purely for investors. Unlike traditional franchise real estate agencies, we have a property management focused business rather than a sales business with property management as an afterthought. Our systems and procedures were designed with property investors in mind and draws on 25 years of operation.

Realestate.com.au & Domain.com.au

We list your property for rent on Australia's leading property portals as standard for no extra cost.

Online Owners Portal and easy to read Statements

You can view current tenant information, leases, rental payments and repairs history online 24/7 through our secure owners portal and our statements are simple and easy to understand.

Weekly, Fortnighly or Monthly Disbursements

Why do some agencies hold onto your rental proceeds for up to a month before paying you? It’s simple, they use outdated software systems meaning there’s more work to do it more frequently. By using the latest technology, we can pay our landlords faster and more frequently. That means if the tenant pays us today, you can get the money tomorrow (allowing for bank clearance days if applicable). The money is better off in your account than ours and might even save you interest on your property loan!

Whether you have an existing property manager and are looking to change or have recently purchased a new investment property, changing to Prowealth® is easy. We simply forward you an electonric agreement to sign and we take care of the rest.

Our Management Process

Who will be looking after me?

Our Senior Property Manager leads a highly experienced, stable team with a culture of integrity and respect for all property investors, tenants and creditors. At the start of our relationship you will be introduced to a Senior Property Investment Manager whose role is to oversee every aspect of looking after your property. They have a dedicated assistant who is your tenant’s main point of contact and takes care of administrative tasks and dedicated staff in other areas such as leasing, maintenance and renewals.
Letting Strategy

Your Letting Strategy is one of the most important aspects of property management – making sure the best possible tenant is selected to occupy your investment property, at the highest possible price and in the shortest possible time.
Making sure your property looks its best

The better your property looks, the more attractive it will be to prospective quality tenants and the more rent it can command. We can advise on how to present your property both in real life and online to generate tenant interest and maximize the potential for a better return on your investment. See further in this document for specific details of how your property will be marketed.
Keeping you informed

We provide regular monthly statements, 24/7 online access to a dedicated owners portal online and regular routine inspection reports.  Click the images below to view a sample.

Our Property Management Process (in detail)

Property Listing

  • Management agreement received and signed
  • Owners Banking details entered into system
  • Confirm compliance items:
  • Smoke alarms – Insurance – Pools – Windows/blinds
  • Safety switches – Asbestos – Emergency repairs
  • Free from health and safety hazards

Property Marketing

  • For lease sign installed.
  • Photos taken and copy written.
  • Photos digitally edited if requested
  • Property is listed across multiple online and offline mediums (see further in this document for marketing)
  • Private viewing and/ or open inspections arranged.
  • Weekly report sent to investor until property is leased.
  • Phone updates weekly

On the market for Lease

  • Qualify rental enquiries
  • Screen tenancy applications
  • Suitable applicants are put forward to investor
  • Property Manager may be involved in negotiations between investor and tenant.
  • Upon selection of tenant, a tenancy agreement is prepared and signed with agreed rental amount within two working days.
  • Prowealth® Assist contacts new tenant
  • Bond and rent payment requested upon approval.
  • “Prowealth Property Management Guide” Rental Marketing options

Tenant Selection

  • After screening all applications, Property Manager recommends tenant(s) to investor.
  • Tenancy application outcome and decision communicated with both investor and successful tenant within one working day of receipt of application.
  • Confirm lease terms in writing to all parties
    – Rent
    – Commencement date
    – Special terms
    – Bond
    – Rent in advance

 

Start of the tenancy

  • Complete required tenancy documents to commence the tenancy on your behalf (General Tenancy Agreement & Bond Lodgement)
  • Bond payment and rent payment is requested at signing.
  • Detailed entry condition report prepared
  • Prepare required paperwork and lodge rental bonds to the Residential Tenancies Authority (RTA) on your behalf.
  • Both tenant and investor receive copies of the signed lease (Property Manager scans and files agency copy).

During tenancy

  • Process rent on time ensuring immediate communication around rent arrears.
  • Funds are disbursed to investor.
  • Owner Statements emailed at end of month or available anytime on online portal.
  • Maintenance negotiation – confirmation of instructions, organising a suitable contractor and arranging entry to the property; communication with the tenant; following up as required; payment of invoices, accounting back to you.
  • Repairs and maintenance completed by licensed and insured tradespeople with invoices issued to investor.
  • Carrying out general routine inspections during the tenancy & providing comprehensive reports with photos and feedback to bring your attention to any immediate maintenance needs or to inform you of any preventative maintenance or refurbishment that may be beneficial.
  • Review of lease agreement and rent conducted 90 days prior to expiration and communicated between investor and tenant.

End of the tenancy

  • Review of lease agreement and rent conducted 90 days prior to expiration and communicated between investor and tenant.
  • Negotiating and coordinating the bond refund with the tenant(s) with your instruction.
  • Tenant will either terminate lease agreement or continue/ extend
  • Review potential rent increases / decreases in line with market.
  • Ongoing/outgoing inspection completed at change of tenancy.
  • Negotiating any outstanding items; for example cleaning, to ensure the property is handed back in accordance with the entry condition report.

Property Management Marketing Options

Along with a comprehensive complimentary marketing package we offer a number of upgraded marketing options that may help you achieve more prospective applicants, lower vacancy periods and ultimately a greater return on your investment.

Prices for upgraded marketing can be found on our management fee guide flyer. Items such as professional photography, floorplans and digital furnishing of images can be kept on file and re used at each vacancy, saving you time and money and are generally tax deductible* for your investment property.

Left – Standard Listings on Australia’s most popular portals are all included in our ‘All Inclusive Package’ and for a small additional cost in our ‘Rate Saver Package’. This includes sites such asRealestate.com.au and Domain.com.au along with rent.com.au and over 2 dozen affiliate sites.

Upgraded internet listings (such as top of search results) are also available as an optional extra. Prices for upgrades vary per suburb as per below.

Upgraded Advertising Costs
Pricing is set by Realestate.com.au and based on location of property and type of advert upgrade. Our staff can advise the upgrade cost.
Pricing is set by Domain. com.au and based on location of property and type of advert upgrade. Our staff can advise the upgrade cost.
Professional Photo Package Options
6 photos – $140 inc GST | 12 photos – $199 inc GST | Drone Photos – $199
Floorplan and Siteplan Option
6 photos + floorplan – $250 inc GST
Standalone Floor/Siteplan (when not with photos) – $199 inc GST
Digital Furnishing / Digital De-Cluttering Option
$99 per image / Only in conjunction with Professional Photos.

Example below shows signboard, property floor-plan and social media promotion of your property.

Compare and Save

We offer a full service Property Management service. Choose from a Management package below…

Rate Saver
Package

Our low fee package.
Just pay for what you need when you need it.
5.99%
+GST
  • No admin fees
  • No postage fees
  • Routine Inspections
  • Tax Statement
  • $150 marketing package including -
  • Listing on Realestate.com.au.
  • Listing on Domain.com.au.
  • Listing on affiliate sites.
  • For Lease Sign.
  • Standard Letting and Renewal Fees per occasion,
  • 24/7 Owners Portal
  • Daily, twice a month, or once a month disbursements
Value

All Inclusive
Package

INTRODUCTORY OFFER
No management fees for your first 60 days
7.99%
+GST
  • No admin fees
  • No postage fees
  • Routine Inspections
  • Discounted Flat Letting Fee
  • Discounted Flat Lease Renewal Fee
  • Tax Statement
  • Realestate.com.au
  • Domain.com.au
  • For Lease sign
  • 24/7 Owners Portal
  • Daily, twice a month, or once a month disbursements
  • Further discounts apply for multiple properties
Popular

Recent Reviews

  • Have never had that great experiences in the past regarding property. However, Daniel was absolutely 1st class. My head was spinning with his knowledge (and I think he realized - as he went back through it, even without me asking) Thanks Daniel and your team - we couldn't be happier! Thanks Damien

    Damien Mowlam Avatar
    Damien Mowlam

    Prowealth is a very professional company and I was very happy to deal with them when purchasing a property. Their staff were extremely friendly and answered all of my questions to a very high standard. Thanks again for your great work and help! Highly recommend!!

    Angela Hadfield Avatar
    Angela Hadfield

    Daniel at Prowealth is very friendly and helpful. He provided me and my family useful tips in property investment. He is always happy to answer questions and show us the property that we are interested. I would higly recommend Daniel if you need someone with expertise in property investment or management.

    Fiona Lee Avatar
    Fiona Lee
  • I’m still in the early stages of research in regards to purchasing a property and a friend of mine mention I give pro wealth a call as they helped her massively. Daniel was beyond helpful and went above and beyond in answering every question I had. It really put my mind to ease. Would highly recommend prowealth for all your investment needs!

    Marianna Galouzis Avatar
    Marianna Galouzis

    I have been meaning to write this review for some time now. From the first phone call we felt safe in Daniels hands. He gave us realistic expectations and helped make it a reality for us. My husband and I are very grateful and have recommended you to our friends and family. Thank you again for all your help

    Megan Joy Avatar
    Megan Joy

Prowealth by the numbers...

1
Properties under management

in the greater Brisbane metro area.

$ 1 m+
Property Sales Volume

of property transacted in the 2019 financial year.

1 k+
Database Emails

sent every week to our investor, buyer and tenant database.