Simple! It’s about eliminating your administration time and maximising the return on your investment. That’s what we do!. As with many important transactions it’s the who that becomes almost as important as the what.

• Who has the knowledge to advise and plan my real estate investment?
• Who will carefully look after my property and supervise a regular maintenance program? Who will assess it’s sales potential?
• Who will make sure I avoid the vacancy factor?
• Who understands and keeps up to date with the relevant Government Legislation?

Please read through this following summary of our Management Services. It may explain why so many investors use our Property Management Department, why so many make us “The Who in their investment planning”.

Rental Collection..

On due date, including personal calls to tenants, if necessary.

Statements..

A clear monthly statement outlining all financial activity on the property.

Banking..

Facilities for the electronic transfer of rentals directly into your account are available and we are happy to discuss specific depositing or banking requirements.

Collection & Payment of Rates
Land Tax and other charges
(including insurance premiums – where applicable)
According to lease..

In the Dandenong region up to three rating authorities can levy charges on individual properties (i.e. City of Greater Dandenong, South East Water and City of Casey). To ensure that rates are paid promptly, we insist tenants pay their rates to our office and not the rate authority, this enables us to police outstanding rate payments. Also rates need to be pro-rata adjusted in the event of new tenancies.

Policing Lease Covenants
Property Inspection Reports.

Our Management Service includes regular inspections of individual properties to ensure the tenant is not abusing the building or in any way contravening lease covenants, particularly in a manner which may detrimentally affect adjoining tenancies in a multiple tenancy holding.

Maintenance..

The subject premises are all within our immediate sphere of business activity and are therefore constantly under our surveillance for preventative maintenance inspection (i.e. A broken door closer would be readily reported and rectified prior to causing damage to the door or the door jam.) Also included in our maintenance service are job quotations for work to be carried out and inspection of repair work.

Retail Tenancies Reform Act 1998..

Cameron Industrial Commercial have committed their property management and leasing staff to a thorough education program in relation to obtaining full understanding of this Act.

Goods & Services Tax (GST)

An important part of managing industrial and commercial property, is to have a full understanding of the Goods & Service Tax (GST).

The GST has certain requirements on owners and tenants of industrial, commercial and retail investment properties. Over time, all owners will be required to have an Australian Business number, together with a registration for GST relating to an enterprise with a turnover exceeding $50,000-00 per annum.

Option & Rent Review..

Options..

Our office notifies both the Lessor and Lessee three (3) months prior to the expiration of the lease agreement, this enables appropriate action to be taken to:

(a) Exercise the option at the negotiated rental.
(b) Reasonable time in which to re-lease the premises prior to vacancy.

Rental Review..

Where rent reviews are tied to a known criteria such as Consumer Price Index the rent adjustment is a simple manner of calculation, however where rent reviews are subject to negotiations we offer specialised Real Estate knowledge for the immediate locality which enables us to suggest logical rent increases, both for the Lessee and Lessor.

Delinquent Tenancies..

In the event of a tenant failing to fulfil his tenancy covenants, in particular payment of rental, we are able to assist the lessor in contemplating what action should be taken (i.e. should prevailing market conditions indicate strong supply of potential tenants, then it may be prudent to evict the delinquent tenant rather than become involved in legal action for the recovery of outstanding monies.) Please bear in mind that harsh action as stated above would not be contemplated or considered without previously entering into extensive consultation with the tenant in order to resolve the problem.

Insurance Claim..

In the event of damage being caused to a building such damage being covered by the insurance policy (i.e. storm and tempest or impact damage) our office will arrange repair and liaise with the insurance company to obtain maximum reimbursement possible.

Summary..

As Industrial Commercial Real Estate Specialists we can offer the specialised knowledge required to effectively manage your property, eliminate your administration time and maximise the return on your investment. It’s that simple.

For Further Information on our Property Management Services Please Call 9791-4500 or email info@cameronindustrial.com.au.

 

DANDENONG FRANKSTON BORONIA