Sapphire’s Best Renting Approaches: A Blueprint for Success

2024-07-18

In the ever-evolving real estate market, Sapphire has distinguished itself through meticulous and effective renting strategies. Below, we delve into their methodical approach, designed to ensure optimal outcomes for landlords and tenants alike.

#1. Marketing Your Property for Lease

Sapphire initiates the leasing process with an assertive marketing strategy. Within two working days of advertising, a conspicuous "For Lease" sign is installed on the property. To maximize exposure, the property is listed in a Premium Listing Category on no fewer than four prominent real estate websites, featuring professional, high-quality photographs.

Determining a market-reflective rent price is crucial. Sapphire leverages an extensive tenancy database to reach potential tenants. The property is showcased through at least two open house events weekly—midweek on Wednesday and again on Saturday. Private viewings for serious inquiries are organized promptly, and all property viewings are supervised by a Sapphire representative, ensuring no keys are handed out to prospective tenants.

Constant feedback from open homes is provided to landlords, fostering transparency and engagement throughout the marketing phase.

#2. Application Process and Follow-Up

At Sapphire, the tenant application process is rigorous and comprehensive, recognizing that "good tenants are like gold." Each application undergoes a meticulous review based on several factors: previous tenant history, ongoing employment references, rent payment patterns, cooperativeness, rental ledger records, and rental references from former property managers or landlords. Additionally, Sapphire cross-references applicants against Australia's largest tenancy database system, the TICA, to identify any blacklisted individuals.

Only applications that meet these stringent criteria are shortlisted and presented to landlords for approval. Sapphire ensures landlords are fully informed about each candidate, securing written authorization before any deposit is accepted. This commitment to transparency and honesty underscores Sapphire’s business ethos.

#3. Financial Safeguards and Documentation

In compliance with regulatory standards, tenants are required to lodge four weeks' rent as a bond through the Rental Bond Board. This financial safeguard protects the interests of all parties involved.

#4. Signing the New Lease

Once the tenant is approved, the new lease is signed, marking the beginning of a formal and legally binding rental agreement.

#5 The Entry Condition Report

Sapphire underscores the importance of a thorough Entry Condition Report, likening it to a constitution. This comprehensive document includes between 500 and 700 photographs, meticulously detailing the property's condition prior to tenant occupation. This report serves as a crucial reference for future assessments and disputes.

#6 Keys Handover

Upon finalizing the Entry Condition Report, keys are handed over to the tenants at Sapphire’s office, along with proper documentation detailing the keys supplied. Sapphire then notifies the landlords, ensuring they are aware that the tenants have moved in.

Through these structured and transparent processes, Sapphire exemplifies best practices in property rental management. Our commitment to detail and excellence ensures a seamless experience for both landlords and tenants, solidifying our reputation as a leader in the real estate market. Reach out to Sapphire Estate Agents today, and let's start building a successful rental journey together.