Landlord Information

SHA specialises in property management of student only apartments

SHA is a privately owned agency with over 15 years experience in the real estate industry. We have grown into three successful offices managing over 47 buildings, with more than 2800 apartments, all owned individually by property investors, mum and dad investors and super funds. They are all in close proximity to the major universities and colleges to cater exclusively to the needs of local, interstate and international students.

 

We are a leading Australian company specialising in the leasing and management of purpose-built student only rental apartments.

Click here to download our Landlord Brochure

We have invested greatly to refine and perfect our systems and procedures and marketing plans to ensure we provide the best service and benefits to our tenants and Landlords. By constantly improving our services and marketing to students, we are able to provide our Landlords with a yearly secure and fixed term tenancy, no monthly leases, minimal vacancy, ongoing rental income and brilliant marketing programs.

In addition to our estate agency management services, we also conform to the local Council planning permit conditions of the building. Our services incorporate pastoral care, car park monitoring, adherence to resident eligibility, garbage management and onsite caretaking, all of which are local Council requirements to be an approved Managing Agent for student only accommodation.

These services, together with our specialised local University and International marketing programs and contacts and multi-lingual property management team, ensure that your apartment will be the first choice for local and international students.

We do it better

Being quality compliant and ISO certified, we are constantly improving our services to tenants and Landlords by continually refining our systems and operations. This is what sets us apart from the rest and makes us the student accommodation specialists!

We have developed ways to work in with the tertiary school and holiday calendar to manage and benefit from the huge volume of leasing required when there is a massive influx of students at the start of each year.

Our peak period for leasing runs from November to March every year and we pre-book a high volume of tenancies for international and interstate students arriving in Melbourne prior to the start of the academic year. Most leases are for 12 months and expire at the beginning of the year, to align with the peak leasing period.

OPEN FOR INSPECTIONS

As we do not hand out spare keys to vacant properties and we often let properties months before they are vacated by the outgoing tenant, all inspections are conducted By appointment or pre-booked and advertised as Open For Inspection, with our staff in attendance. This maintains the security of your most important asset.

Our Landlord commitment extends to providing longer than usual OFI times. Unlike the general real estate industry, during our peak leasing period, we triple our staffing to include Leasing Officers who open most buildings three to six days a week, for 30 – 60 minutes each day. This generates an enormous flow of prospective tenants through all our properties and in turn, converts to applications for tenancy. We continue OFIs until each building is fully tenanted, always aiming to have all buildings occupied, in line with the start of the academic year.

NOTICE TO VACATE – End of Fixed Term

As part of our service and commitment to our Owners, we guarantee a fixed term tenancy. With absolutely no monthly tenancies, our Owners do not run the risk of a vacant property over the students’ holiday period from November to February each year, or a poor letting campaign when exams are running.

Every tenant is served with a formal Notice to Vacate upon their lease expiry date. A rigorous process involves the tenant being given a choice to vacate, or renew for a further fixed term to a lease end date in alignment with the peak letting periods.

This strategy has proven cost effective and a proactive way to manage the tenancy to guarantee you a secure ongoing income with minimal vacancy at all times

PRICING

We conduct an annual rental pricing review and send you a report with our price recommendations well before re-leasing commences. Apartment pricing is considered a very high priority in our letting process. Our aim is to make certain the rental is always kept competitive to achieve the best possible market rate and continuous rental return for the Owner, as well as promote fast lettings and control the minimum possible vacancy between tenancies

COUNCIL PLANNING PERMIT REQUIREMENTS

The majority of our student only accommodation buildings are controlled by the specific requirements of Planning Permits with the local Council and Section 173 Agreements, under the Planning and Environment Act. Completely in line with this, SHA is dedicated to providing a management plan to cover our Owners’ interests and ensure full compliance with the requirements of each specific local Council. There is no extra charge to you for this added service – it is included in our property management fee.

We have refined and tailored our systems to cater specifically for students’ needs.

We actively develop and foster close associations with education providers and overseas based accommodation agents, who support our management plan.

TENANCY APPLICATIONS & REFERENCE CHECKING

All tenants must complete a student specific Tenancy Application form, plus provide proof of identity and student enrolment credentials. The information provided is rigorously examined and a recommendation is made to you as to the suitability of the applicant. For local applicants, we also use a national tenancy history database to verify credentials. With international students arriving in Australia for the first time, we have the safeguard of the Australian Government having already fully verified the student and his or her parents in order for a study visa to be granted and they must have a Letter of Offer from their chosen tertiary institution, as well as financial security.

Our Partners

Insurance – Contents, Public Liability and Landlord Protection 

The insurance for the building is overseen by the Owners Corporation. Building Insurance does not cover the individual apartment contents, such as carpet, window coverings, electric light fittings, furniture,  internal public liability and any items owned by the Landlord and provided for tenant use, such as microwave, TV, etc.

It is therefore essential to ensure that you put in place Landlords Contents Insurance cover to protect you and your investment. This cost is usually a tax deductible item.

Click here  to download an brochure and application form for our preferred supplier, Property Insurance Plus Insurance

BMT & Assoc, Quantity Surveyors – “Tax Depreciation Schedules” 

Depreciation Schedules are used to maximise the tax deductibility of your student accommodation investment. BMT offer heavily discounted fees to SHA Owners as only one inspection of the building is required. This bulk purchasing power is reflected in the discount supplied to our Owners.

For a free quote Click here

or Click here to download a Brochure and Application form

If you would like to estimate the likely depreciation deductions for your investment property, please Click here to access the free BMT Tax Depreciation Calculator.

Looking for the experts in student only rental accomodation?

Contact the Branch Managers at one of our three offices for more information on our leasing and management services.

Click here