Welcome to INITIAL POWER PTY LTD
INITIAL POWER specializes in residential property management, placing our primary emphasis on you and your investment.
We prioritize communication and invite you to witness our exceptional customer service firsthand.
With a team of seasoned property managers spanning three states, we are the perfect solution for managing multiple investments across these regions.
With INITIAL POWER, you'll have a single point of contact to manage all your properties, along with access to our online portal, allowing you to be as involved as you prefer.
We take pride in our team of experienced property managers dedicated to serving your investment property, with a collective wealth of industry experience spanning numerous years.
Our accreditation, licensing, and membership in esteemed organizations such as REINSW, REIQ, and REISA reflect our commitment to staying updated on industry developments and legislative changes.
A local agency usually limits its service radius to about a 30-minute distance from their office and often prioritizes their sales division over property rentals. This often leads to the employment of younger, less experienced staff to manage your investment in an attempt to reduce costs.
Contrarily, at INITIAL POWER, our mobile managers enable us to extend our coverage to a broader geographical area to oversee your portfolio. Additionally, we exclusively specialize in residential property management, ensuring our undivided attention is dedicated to optimizing your investment property to suit your needs.
INITIAL POWER have several ways we look after your investment property:-
It's simpler than you imagine; simply click on the provided link and complete the requested information. Afterward, one of our expert property managers will reach out to you.
We'll take care of all the arrangements for you, including collecting documents and keys. The only adjustment required for a tenant is updating bank account details.
Transitioning to INITIAL POWER comes at no expense to you. Simply provide us with the address and details of your previous agent, and we'll handle the rest. Please review your current Managing Agency Agreement to ascertain any potential exit or termination fees.
INITIAL POWER employs a five-step application procedure, encompassing ID verification, employment verification, tenant default database checks, previous rental history examination, and affordability assessment.
Furthermore, we diligently evaluate prospective tenants during property inspections to ensure they are the perfect match for the property.
At INITIAL POWER, we maintain a strict policy against rental arrears.
Our property managers conduct daily arrears assessments. Should tenants fall into arrears, we follow a structured process, beginning with contacting them after just three days of arrears and escalating to breach notices and potential evictions. We utilize multiple communication channels, including phone calls, SMS, and emails.
Crucially, we keep you informed throughout this process, ensuring you're prepared should you need to cover the next mortgage payment.
We adhere to the regulations outlined in the Residential Tenancy Act applicable to each state.
At INITIAL POWER, we implement rigorous procedures and thorough checklists to facilitate efficient and seamless terminations.
Throughout the entire process, we maintain consistent communication with you.
Once your investment property is under the care of INITIAL POWER, you will be matched with one of our seasoned property managers responsible for overseeing repairs and maintenance.
We have a roster of licensed and insured tradespeople ready to address any maintenance requirements.
It's worth noting that if you prefer to handle certain maintenance tasks yourself, that's perfectly acceptable, and we can assist you in arranging access accordingly.
Renting your property furnished is fine however you need to consider that it can limit your market demand which in turn can lead to longer vacancies and normally attracts shorter term tenancies.
INITIAL POWER conducts inspections every three months. If the property is maintained exceptionally well after two consecutive inspections, we request permission from our client to transition to inspections every six months.
However, if an inspection falls short of our expectations, we reserve the right to revert to three-monthly inspections. Additionally, inspections automatically revert to the three-monthly schedule with any change in tenancy.
INITIAL POWER processes payments to our clients on the 15th and 30th of every month, transferring funds electronically to your designated bank account.
We provide bi-monthly payments to help minimize mortgage repayments and enhance cash flow for our clients.
We arrange payments to our clients midway and toward the end of each month. Once a payment is deposited into your designated account, you will promptly receive a rental statement via email.
This statement details your income and expenditures, and includes invoices for any payments you've made related to maintenance, council fees, water rates, and other relevant expenses.
100% yes. INITIAL POWER strongly advise that you arrange landlord insurance. Your investment needs to be protected from fire, flood, tenant or pet damage and rental arrears.
We recommend reaching out to your property manager, who can offer guidance and support during this procedure. Different states have varying legislation regarding tenants breaking their lease, which could potentially result in your property being vacant with no rental income.
