What to expect on the day of your free rental appraisal
Your dedicated Melcorp Property Manager will attend your rental appraisal armed with a wealth of information. You will receive a detailed market report that considers your property specifically. Your agent will discuss the content of this report with you. This will include:
Your property’s location
Where your property is located can help us determine renter appeal. Your Melcorp Property Manager will consider your property’s proximity to nearby amenities and conveniences to help determine the size of your potential applicant pool.
It is important to understand the external market trends that may affect your property’s rentability, and how long it may spend on the market prior to leasing. These can include current rental demand and economic influences like interest rates.
Maintaining your property in the best possible condition is important for renters to see. Melcorp has access to industry partners that can assist with property package hire, professional styling or large scale interior design.
Melcorp Real Estate provides a personal, first class service when conducting a property appraisal. We are focussed on realising the best result for your home, and ensuring your selling journey is as seamless as possible.
You can rely on Melcorp Real Estate. Our trusted team of property experts are the best in Melbourne. We’ll show you why.
Exceptional Property Marketing
Melcorp Real Estate ensures your rental property always looks its best and is given good exposure. We maintain regular contact with our database of over 10,000 people and are in contact with over 150,000 people each month digitally and via direct mail. With this level of support behind you and your property, you can be assured it is being promoted with the greatest of care.
Largest City Network
We have a four-office but centrally managed network across the CBD and Southbank to service the real estate needs of Australia’s fastest growing city.
Experienced & Multilingual Team
With decades of combined experience across the CBD and apartment management, our highly knowledgeable team is also multilingual. We ensure our team’s service capability reflects the culturally diverse market we serve.
As a home Rental Provider, there are many things that require your consideration. Our expert Property Managers will answer each question you have in detail, at your rental appraisal. Until then, view our most frequently asked questions by Rental Providers.
Can I end a lease agreement before its official end?
There are a number of exceptional reasons a rental provider can legally terminate a lease prior to the fixed term end date. These reasons are listed on the Consumer Affairs Victoria website.
Melcorp Real Estate can help you issue the correct Notice to Vacate and navigate VCAT process when lodging formal disputes.
Can I increase the rent during the lease period?
A rental provider cannot increase rent during a fixed term lease agreement, unless the rental agreement states otherwise. Outside of a fixed term lease agreement, a rental provider can increase the rent no more than once every 12 months and must provide 60 days notice to a renter of the rent increase. Melcorp Real Estate will review market rent prices and ensure that the rental provider achieves optimum rent.
How do I make my property more appealing to renters?
There are a number of options for rental providers to assist in making a property appealing to renters. These can include the following:
• Establishing a competitive rent
• Ensuring your property is presented in a neat, presentable condition
• Getting your property professionally photographed
• Adding virtual furniture to property photos, if your property is empty
• Professional property styling
Melcorp Real Estate can provide free rental appraisals and professional, tailored advice on improving your property’s rental appeal.
How long is a typical lease?
The lease term is flexible and dependent on the agreement of the rental provider and the renter. Lease agreements are most commonly 12 months in Victoria. A Melcorp Real Estate agent will be able to determine what length lease agreement suits your property best with you. Our agents will also ensure properties lease agreements finish in peak lease periods. This can assist rental providers in having as short a vacancy period as possible.
How much rent can I expect to receive for my property?
A Melcorp Real Estate agent will walk you through the rental process and give you an accurate guide about how much rent you can expect to achieve for your property. Find out more about our services for rental providers here.
In short, how much rent you might achieve for your property will depend on a number of factors. These can include:
• The type of property (house, apartment, unit, townhouse etc.)
• The price of other rentals in the same area
• The property features and (if applicable) building facilities
• Your property’s location desirability. i.e. if it is close to transport, shopping, lifestyle amenities etc.
• Is it a rental provider’s or renter’s market? i.e. how large is the pool of renters vs. the number of rental properties available in the area?