Management of the property includes:
- Collection of Rent – we will send a letter to the tenants confirming that we act as managing agents on your behalf and confirming the new account to which rent monies are to be lodged i.e. all rental monies will be lodged to a designated rent account in your name. We can at your request become a joint signatory on the designated Rent Account so that payments out for repairs etc. can be made by us without the necessity of bothering you on each occasion. Duplicate bank statements are provided monthly so all payments in and out can be monitored by both of us. We take full responsibility for monitoring rent payments in.
- Utility Billing – we will look after the metre readings and transfer of all utility bills to the tenant.
- Letting Agreement – we will ensure that you are fully legally compliant and protected by putting a strict and comprehensive letting agreement in place. We will also arrange to registration of the property with the Private Rental Tenancy Board.
- Repairs – If at any time, repairs to the house or to appliances arises we will deal with these without hassle to you unless you wish to be involved. We will arrange for one of our contractors to visit the property and repair what is necessary. We are equally happy to deal with any persons nominated by you. We will arrange payment to the contractor. We will notify the Insurance company to ensure Tenant Liability covered.
- Collection of stamp duty and registration with Stamps Office where rent exceeds €19,050 p.a.
- Inspection – we will Inspect the property quarterly and furnish written report to landlord, when requested. Inspection of property at end of tenancy, deduction form deposit for damage and collection of key.
- Income Computation – we also prepare a rental income computation which we can also submit to Revenue on your behalf. We will prepare the Rental Income Tax Computation for your accountant or we can file the tax return for an agreed additional fee.
- Management Fee – 5% + VAT
The information in this article was current at 02 Dec 2011