Enrich Property Group

RENTAL APPRAISAL

WE PROVIDE:

Strong, passionate staff members who fully understand your needs and the current market.

An extensive range of services including property management leasing, insurance, maintenance, finance and sales services.

Finding the right tenants in a very short amount of time.

An extensive range of services including property management leasing, insurance, maintenance, finance and sales services

ISO accredited – an international organisation for standardization.

We currently have offices located in Melbourne CBD, Box hill and overseas, we are still continuing to expand our services across Australia.

Long hour services across 6 days a week.

Why Us?

As part of well-established team we have been providing outstanding services and industry market knowledge for all Melbourne properties. Enrich Property Group is here to ensure maximum capital growth for your property whilst effectively manage your investment. Our goal is to ensure all assets are well maintained because we care about your peace of mind.

We are one of the renowned property group in residential property management and leasing.

theEXPERTS

PROPERTY MANAGEMENT TEAMEnrich Property Group has been growing bigger and stronger since we’ve started, we have a portfolio of over 500 rental properties for our local, national and international clients. We are constantly expanding, and our reputation and infrastructure allows us to draw and keep the best people in this industry. Our team of qualified and experienced property managers are passionate and committed to providing our clients the best advice and holds the highest level of customer service, where help is always just a phone call or email away.

FINANCIAL TEAMUnder the guidance of qualified accountants and financial consultants, we ensure that all landlords’ accounts are managed according to best practise standards. Quality procedures are in place for the collection of rental and arears, cash management and statement production, ensuring prompt and accurate managements and transfer of landlord funds. We have a landlord portal on our website that allows our landlords 24/7 access to their investment details.

MARKETING TEAMOur marketing professionals are responsible for all fine prints and online advertising to ensure your investment property receives maximum exposure to all prospective tenants. Resulting a low vacancy time frame.

LEASING TEAMWe will personally guide all prospective tenants while answering all questions and concerns they may have. Our team members are here to follow up every lead and ensure that applications are obtained and checked within the time frame.

What’s IncludedOUR FEES INCLUDES THE FOLLOWING:

LEASING AGREEMENTSEnrich Property Group will complete a lease agreement in keeping with the Residential Tenancies Act 1997 and our Property Manager will arrange a meeting with the tenant to collect the first rental and bond payments, and the lease agreement to be signed.

RENTAL PAYMENTSMonthly rental will be transferred to your account as soon as your tenant has made payment.

MAINTENANCEEnrich Property Group will not authorise repairs above $250, or the amount you have nominated on your management authority without your approval.

ROUTINE INSPECTIONSEvery 6 months Enrich Property Group will conduct a routine inspection of your property according to the Residential Tenancies Act 1997. Other inspections include vacating inspections and any other additional inspections as required.

RENTAL REVIEWSEnrich Property Group will undertake rental reviews 90 days prior to the end of the lease term and will provide a recommendation in accordance with current market values. We will not change the rental amount or renew the lease agreement without your permission.

LEASE RENEWALSEnrich Property Group will endeavour to secure a further “fixed term tenancy” with the existing tenant at least 60 days prior to the expiry of the original fixed term agreement.

VACATING TENANTSWhen a tenant gives notice to vacate, Enrich Property Group will notify you in writing and take immediate steps to re-let the property. Your property will be placed on at least five real estate websites and will be listed on our rental list. Enrich Property Group will also conduct comprehensive inspections when your tenant vacates.

TENANT SELECTIONTo ensure that tenants of a high calibre are selected, Enrich Property Group completes an extensive background check on each applicant.

ONGOING CONDITION REPORTA condition report based on a physical inspection of your property will be completed prior to the tenant occupying your property. Photos will also be taken to confirm the condition of the property at the commencement of the lease.

LETTING OF THE PROPERTY

We will ensure the property is well-presented. When applicable, we will organise cleanings on your behalf.We will have an advert composed and have the property listed for rent on real estate advertising media that we subscribe to.

We will schedule viewings of your property as required to all prospective tenants until your property is rented.We will perform comprehensive checks on prospective tenants; by verification of applicant’s renting references, employment and income.We will complete and arrange execution of tenancy agreement once rental application process has been approved.We will lodge the bond in accordance with the legislation.

Scope of Services

MANAGING THE PROPERTY

We will process rent payments daily.

We will deposit the net proceeds of your rental income into your nominated bank account.

We will provide monthly rental statement of your property.

We will provide you with copy of invoices for any repairs required at your property if requested.We will follow up all rent in arrears in accordance with our management agreement and Residential Tenancy Act 1997.

We will keep you informed throughout the legal process, should termination be necessary.We will pay all property outgoings as agreed on your behalf (subject to availability of funds).

We will organise maintenance and repairs upon your approval.

We will attend to any urgent repair request immediately.

We will undertake routine inspection and provide you with a routine report every 6 months.

We will conduct a comprehensive inspection of the property when the tenants vacate to ensure the property is well maintain and matches to the original.

TENANCY RENEWALS

We will review the tenancy agreement in advance of its expiry.

We provide recommendations in regards to renewal of lease, proposed rental, term of the lease etc.

We will proactively manage the tenancy agreement renewal process to minimise vacancies and ensure consistent income.

VALUE-ADD SERVICES

Personalised and professional service with competitive property management fee.

Pre – release invitation to upcoming residential projects, prior to launching to the public.Invitation to exclusive investment seminar and exhibition (from time to time, we invite financial planners, banks, economists to share interesting topics and knowledge that would benefit property investors).

FREE property consultation tailor-made to your property investment portfolio - We will work very closely with you to achieve your investment objectives.

HOW MUCH IS YOUR PROPERTYWORTH?

AT ENRICH PROPERTY GROUP WE PRIDE OURSELVES ON GIVING OUR CLIENTS THE MOST ACCURATE AND REALISTIC MARKET ESTIMATE VALUE WHERE POSSIBLE.

When estimating your property we consider the following aspects:

We generally visit the property, measure it and note details on the building structure and its condition and the presentation. We also make notes on the property’s vehicle access and any garages, carports or out buildings.

Often the valuation will include photos of the property highlighting certain features. Enrich Property Group will then compares all these attributes to recent comparable rentals in the surrounding area before coming up with the magic figure.

An effective marketing campaign always shows finer results, and we have a range of campaigns to discuss with you.

Location

Market conditions

Features of your property

In depth market statistics

Number of prospective tenants looking to rent

Recent comparable rentals in the area

Landlord ChecklistFirst Impressions are critical when a prospective tenant inspects your property!

Below are specific areas for attention when organizing a professional cleaner to clean:

There is no doubt that well-presented and maintained properties achieve better rental returns and usually attract a better quality tenant. Enrich Property Group believes that tenants are more likely to care for a property, if the Landlord has presented the premises in a clean and tidy condition at the commencement of the lease.

It is recommended that property be professionally clean throughout including carpet/blinds/drapes/curtains. A receipt to be provided to the managing agent as an evidence that the property was clean by a professional cleaner, as this helps reduce ay argument tenants may have state the property wasn’t clean at commencement of the tenancy, and a bond application may have to make to tribunal (VCAT) for compensation for untidiness or unclean at the end of the tenancy.

Kitchen: Exhaust fans, rangehoods-covers and filters are to be removed and cleaned.Oven, griller and cook top, including baking trays, should be thoroughly cleaned.Repair items such as dripping taps, sticking doors and drawers.Kitchen sink, cupboard, drawers and bench tops to be wiped clean inside and out, remove all dispose of items, including all kitchen cleaning products.Ensure smoke detectors are in full working condition and have new.

Floors: Ceramic tiles or timber floor to be cleaned.Carpets to be professionally steamed cleaned.

Doors, windows walls and skirting boards should be clean and thoroughly wiped over.Dust and remove cobwebs.

Doors, Windows, Walls Skirting Boards:

Blinds, Curtains:

Ensure Windows furnishing are clean, and wiped.Ensure all blinds/curtains in working condition.

Light Fittings: To be cleaned and dustedEnsure all globes are working, including outdoor lighting, rangehoods & low voltage lighting

Bathrooms& Toilets:

Grouting to be free of all soap residues and mould.Mirrors, shower screen, bath, basin and all tiles to be thoroughly cleaned.Repair items such as dripping taps, sticking doors and drawers.

Gardens, Patio, Outdoor Area & Balcony:

Mow and edge lawns, weed the gardenRemove any rubbishClean gutters and down pipes, unless carried out by the Owners Corporation.

Garages,Carports & Sheds:

All rubbish to be removed. Car spaces should be free of oil stains.

“Pictures say a thousand words.”

OPEN FOR INSPECTIONAn agent is always present at every scheduled inspection, our sales consultant will record all prospective buyer’s details and stored in our database. However, we still suggest our clients to lock away any valuables and personal items during the inspection.

Maintenance item is another area that we suggest all owners should take care of and rectified prior to any tenancy starting. Enrich Property Group is happy to assist if there are any outstanding repaired works that you need us to organize our tradesman to fix on your behalf. Please provide the New Property Manager with a written permission to do so along with Sole Agents Authority.

Exclusive Agent Authority Completed along with Owner(s) Landlord’s InstructionsThe Owner Corporation details with list of rules, and move-in procedure must be provided.The Building Manager’s contact number for tenant to book move-in to the building.Car-parking space number along with the remote control for access (if car space is including).Storage cages lot number or storage cage position must be provided (if any including).All remotes applicable to the use of Heating/Cooling units of the property to be provided.Swipe card/Security key/Proxy key to be provided to allow access to the building and any facilities the building and any facilities the building may have.Full sets of keys to be provided to the managing agent and the tenant, which includes all external doors, security doors, sliding doors, garage doors and windows.If the landlord has his own insurance policy taken out against the rental property then the policy certificate must be provide to the managing agent for records.Organize disconnection of all services- gas, electricity, water usage, telephone & pay TV.Organize mail redirection

MAINTENANCE

The following things are important and must be provided to the New Property Manager in order to facilitate the leasing of your property:

OTHER AREAS

EXPENSES YOU CAN CLAIM TAX DEDUCTION ON

Depreciation GuideDid you know that you can depreciate assets within your investment property to maximise your tax?Whilst we strongly recommend that you consult your professional finance adviser/accountant, here are some items that you may be able to depreciate:

Please refer to www.ato.gov.au for further information.REF: ato.gov.au rental properties 2013

Floor coverings

Heating

Hot water systems

Lights

Bathroom accessories

Cooking equipment

Clothes dryers

etc.

Advertising for tenants

Bank charges

Body corporate fees and charges

Cleaning

Council rates

Electricity and gas

Interests on loans

Land tax

Property agents fees and commissions

Repairs and maintenance

Travel and care expenses

“I was very impressed with the management team from Enrich Property Group, thank you for the excellent job you did for making it a satisfying experience. I always thought leasing our property would be a hassle, but thanks to your team I didn’t have to worry about anything.”

“This was my very first experience in leasing a property, thankfully Peter Hu was patient enough to go through the leasing process, terms and condition and any enquiries I had in mind. His advice was always true and you could tell from the information he provide are all based on accurate data and research. Throughout the experience I felt comfortable and at ease, without hesitation I always recommend Peter to my friends, relatives and work colleagues.”

- David

- Olivia Tan

- Mark and Annie Chen

Thank you.

“My wife and I would like to know how pleased we are with Gwen who has been taking care of our Melbourne CBD apartments for the past year. With her years of experience she was able to deal with issues professionally with efficiency. She acts immediately to resolve any issues, and was always contactable. We could always rely on her. ”

- Craig and Joanne Smith

“Enrich Property Group treated my investment property with great respect, the tenant they’ve picked were top quality. Not once was I worried about my property being damaged. I could definately rely on their services and professionalism”

- Tessa

“Mark and I would like to take a moment to thank Enrich Property Group’s Property Management team for the most professional and smooth experience with the past six months. We both felt the team worked very well with each other, to the receptionist she was very helpful and treated us with such professionalism, respect and courtesy. This was our very first investment property, and we could not have asked for a better experience to begin our next journey as property investors.”

Enrich Property GroupEnrich Life Through Property

“Our vision is to become a leading agency and to enrich life through property investments by maximising the value of our clients’ assets and portfolio.”

This is achieved by our in-depth knowledge and delivering superior standard of services and always maintaining operational excellence.

Our Mission Statements

1. To enrich life of our clients2. To enrich life of our stakeholders and employees3. To enrich life of our communities by supporting various charity organisations

Enrich Property Group is a fast growing real estate company with solid fundamental structures. Starting from our head office at Melbourne CBD, we gradually expanded our business across the globe. We currently have offices in Indonesia’s Capital City, Jakarta and will soon be expanding in China. As our company grows we wish to bring our services across Australia. We are currently launching our Sales Gallery located in Box Hill by the end of 2014, which can also act as a showroom.

Proudly supporting unicef Champion for Children 2014

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FIND US

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LA TROBE STREET222 La Trobe StreetMelbourne 30001300 878 188

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HEAD OFFICEGroud Floor, 21 Victoria StreetMelbourne 300061 3 9277 3999

BOX HILLComing soon.

Disclaimer

These are a number of factors that affect a property’s market value, some include:

. The local economy

. Legislation including state and federal goverment policies

. Interest rates

. Planning scheme zoning

. Taxation legislation

. The way the property is marketed for sale

. The property’s state of repair (services connected and compliance with building/ essential services regulations). The property’s location. Condition of surrounding properties. Development of surrounding properties

Although every care has been taken in preparations of the particulars contained herein, we stress that the particulars provided are for your information only. The accuracy of any information obtained from a third party source used in the prepa-ration of this opinion cannot be guaranteed by Enrich Property Group Pty Ltd.

Particulars provided are for your information only, are believed to be accurate as at the date of printing, however no responsibility will be taken by Enrich Property Group Pty Ltd for any errors or omissions.

The estimated opinion of value we submit to you is not a valuation or an estimate of worth to which section 47A of the Estate Agents Acts 1980 applies, and this opinion should not be relied upon as being either of these things. It is an indication of current market value at the time of printing only and should not be used at any other date.

The opinion of value we provide is solely for your use and must not to be used by third parties for any purpose whatsoever.

You should not rely upon any opinion of worth given to you by Enrich Property GroupPty Ltd to commit yourself to the restructure of your finances, or to buy other property. It is your sole responsibility to obtain independent, professional advice with respect to such matters.

MAKE A MOVE.

RESIDENTIAL | PROJECT MARKETING | PROPERTY MANAGEMENT | OWNERS CORPORATION

1300 878 188www.enrichproperty.com.au

Ground Floor, 21 Victoria StreetMelbourne 3000

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