Self property management: Ultimate Guide

Is it legal to self manage my property without an agent

This will be the first question, many people will be asking, Yes, it is completely legal in all states and territories in Australia to self manage your property without an agent, you just need to obey your local authority rules and its relevent tenancy ACT

should i self manage my own property privately

if you like to take control of your rental property then you should self manage your own property as this will save you lots of money throughout the year

How to self manage my property

1. Find a tenant

Thanks to morden day of online technology, you can easily find a tenant through our service by listing on the major leading portals such as etc, you then just need to arrange an inspection to show your property to the prospective tenant

2. Go through applications, select a tenant, approve the application and asking for a holding deposit

You need to conduct a tenant reference check with their agent/lanldord or and employer

You can also conduct a tenant reference database check to see if the tenant had been blacklist in the national database;

Once you agreed with your tenants for the lease price and terms then send out a formal approval Email to approve your tenants; ask one week holding deposit for your tenants to secure the property; tenant can pay the remaining 1 week rent and 4 weeks of bond upon signing the lease (Please check with your State or Territory regulation for the maximum deposit/bond amount) so normally is 2 weeks rent in advance+ 4 weeks of the bond

3. Lease agreement, key sheet, bond, ingoing report, other documents required by State/ Territories

You need to prepare the lease agreement which the lease agreement can be downloaded in your relevant states regulation body and arrange a time to sign with the tenants

A key sheet signed by the tenant includes all the keys, swipe cards, remote controls etc. which you issued to the tenants

You need to lodge the bond to your relevant state/Territory regulation after you received the bond.

Lastly, a detailed ingoing report with photos will help you to capture all the details in the property; you need to give tenants a copy of this ingoing report and the tenants need to return a copy of their completed report within a timeframe required in each State/Territory; this ingoing report is the evidence not only at the beginning of the tenancy but also the evidence to cross check when tenants vacating the property

Give your tenant a copy of signed lease, copy of signed key sheets and ingoing report; keep a copy of everything for yourself as a record. (Strata by-law if in a strata tile community; please also check additional documents required by State/Territory to issue to your tenants

4. Landlord Insurance

landlord insurance will give you peace of mind when managing your property privately

  • Covver for loss of income : this can be due to a bad tenant who can not pay the rent or abandoned a rental property
  • Protection against damage: This can be malicious damage by tenant or natural event outside of your control, e.g leaking upstairs, flooding of property etc
  • Protection against tenant lawsuits:Landlord insurance can provide legal defense and coverage for damages if a tenant sues the landlord for an injury or other issue related to the rental property.

5. Ongoing communication

Exchange contact details with your tenants; keep good communication during the tenancy as good communication will solve lots of problems during the tenancy; attend tenant’s repair request as some of the repairs will be wear and tear in the property;

We have an online platform with technology to help you to self manage your property digitally with the features below, Click here for more information about advertise your property privately, Click here for more information about self manage your property online

  • Advertise your property on the major portals such as etc
  • Create and manage your listing 24/7 from your own account dashboard
  • Receive online enquires with automated responder
  • View online rental application with a few clicks of button to conduct rental/emploeyment refererence with preivous agent/landlord/employer
  • Run online national tenancy database Check
  • conduct digital ingoing, routine and outgoing inspection
  • Record rent payment and expense
  • Automated generated rental receipt
  • financial statements including monthly statement, EOFY report for your account
  • Schedule repairs & maintenance

You can also view our state by State guideline per links below:

Rent & manage my property privately in NSW

Rent & manage my property privately in QLD

Rent & manage my property privately in VIC

Rent & manage my property privately in WA

Rent & manage my property privately in TAS

Rent & manage my propertyprivately in SA

Rent & manage my property privately in ACT

Rent & manage my property privately in NT