6 min read
All guidesWhat a property manager does
Beyond collecting rent, a property manager handles the day-to-day and the compliance that keeps you out of trouble:
- Marketing the property and screening/selecting tenants
- Lease preparation, bond lodgement and condition reports
- Rent collection, arrears management and statements
- Routine inspections and coordinating maintenance
- Keeping the tenancy compliant with Victorian rental laws
How management fees work
Management fees are usually a percentage of the rent collected, plus some itemised charges (for example a letting fee when a new tenant is placed, and statement or advertising fees). The right manager is the one who maximises your net return and minimises risk — not simply the cheapest percentage.
Staying compliant
Victorian rental laws set minimum standards, notice periods, bond handling and safety requirements (such as gas, electrical and smoke-alarm checks). A good manager keeps your property compliant and your records in order, which matters at tax time and at tribunal.
This guide is general information for South East Melbourne, not legal or financial advice. Costs and rules vary and can change — confirm specifics with your agent, conveyancer or the relevant Victorian authority.
