OUR COVID-19 RESPONSE
Covid-19 has changed the way that everyone does business, including property managers. Temporary legislation exists to afford special protections to tenants who are adversely impacted by Covid-19. You can read more about the temporary legislation here: https://www.covid19.qld.gov.au/the-hub/resources/residential-tenancies-practice-guide
At Grants Real Estate we are up to date with the latest changes to legislation as they occur. Because it is all new territory there are bound to be some new scenarios that arise and we will respond to these on a case-by-case basis. We are members of the REIQ, who were a key party in negotiating and drafting the new temporary legislation so that it is fair to both landlords and tenants alike. If there are any tricky questions or issues that arise relating to the new legislation, the REIQ property management specialist team are just a phone call or email away for its members, to assist with any questions.
We understand that both landlords and tenants alike are experiencing hardship during these times and we are here to assist in a compassionate way.
Our procedures have changed to allow tenants to minimise contact with our agency if required. We are allowing tenants the option to complete virtual routine inspections via an app. We have updated our software to allow for electronic signing of lease renewals. We adhere to the government's laws surrounding open homes, ensuring that we collect the contact details for everyone present, have everyone sign a register upon entry, only allow a certain number of people per square meter to enter the home, and provide hand sanitizer for everyone in attendance.
There has been a bit of movement in the rental market since the Covid-19 lockdowns first started back in February. People have been relocating, downsizing etc. However the market in the area remains steady; we have had no difficulty in locating new tenants and filling vacancies, as there have been plenty of people looking for rental properties in recent months. In our local area of Brisbane North West and surrounding suburbs, we are finding that rents are remaining quite steady.
We are wishing all the very best to all our landlords, tenants and tradies during these unusual times. We understand that these are uncertain times, and we are working with our landlords as best we can to ensure that your investment property is managed as smoothly as always. As property management specialists, we are always here to assist with your rental property to ensure you receive the maximum return on your investment with the minimum amount of stress.
If you have any questions about Covid-19 and how it effects you as a landlord, or as a tenant, please get in touch.