Rent, bills and insurance
Don’t be a wally, make sure you have insurance
As the property owner it is your responsibility to maintain insurance over the property with a minimum of $10million public liability. You will need to contact your insurer to request they provide us with a certificate of currency.
At RPM, we can’t recommend an insurer, but we can point you in the direction of some of the commonly used insurance companies.
You may be offered a product called Landlord Protection Insurance. Whilst not essential, it’s something we strongly encourage. This type of insurance is in addition to building insurance and offers protection for a variety of tenancy related issues.
When and how do I get paid?
In most cases, you will receive payments within three business days of us receiving the rental payment. We deduct our fee and any bills from the rental amount and provide you with an itemised statement.
Funds are transferred directly to your nominated bank account.
Can you pay bills on my behalf?
Yes, we are not only happy to pay bills on your behalf, we actually recommend it. It will make your end of year tax return so much easier for you. We do not charge a fee for doing this, it’s all part of the service. We can pay rates, water, insurance, body corporate fees, land tax and tradespeople.
We will do our best to coordinate the set-up of this on your behalf, but some Councils and businesses may require you to complete a form in the first instance authorising us to make future payments.
Do I have to pay for NBN connection?
You need to pay for the initial set-up costs i.e. connecting the NBN from the street to the property.
You may be required to replace the battery, if required. The battery is installed by NBN as a back-up to ensure ongoing access in the event of power failure.