Please help me with the task 2, thank you! Project 1 - Instructions...

Please help me with the task 2, thank you!

Project 1 - Instructions

Read through the following scenario and complete the tasks below.

Ian and Rebecca Harrison have recently purchased an investment property through your agency. They are intending to lease the property for a fixed period of at least 12 months and have engaged you to manage the property.

Details of the property are as follows.

Address: 5/256 Black Street, Preston VIC 3072

Description: Two bedroom, brick and tile villa unit approx. 22 years old, central bathroom, laundry and toilet, spacious kitchen with open plan living and dining, large private courtyard and single remote lock up garage. Features: Built in Robes, wall to wall carpet in bedrooms, stainless steel appliances, gas cooking, reverse cycle air-conditioning, gas heating.

     Pest treatments conducts at pre-purchase of property

     Property has been refurbished in full within last 5 years (original plumbing and wiring).

     Reverse cycle air-conditioner

     Electric hot water system

     Stainless steel dishwasher and rangehood

     Hardwired smoke alarms and safety switch tested at pre-purchase XYZ Building and Pest Pty Ltd

Located within walking distance to transport, shopping and cafes.

Task 1: Owners Property Details Sheet and Exclusive Leasing and/or Managing Authority

Complete required documentation

Using the information on the scenario and the additional information below, complete the following documents (these are provided in the student portal in the relevant assessment task).

o  Owners Property Details Sheet

o  Exclusive Leasing and/or Management Authority

ADDITIONAL INFORMATION

 

Owners Details

Ian and Rebecca Harrison

3 Foxdale Court

Queensland QLD

M: 0412 845 789

·        Rent per week:                $330.00

·        Bond:                                   Equivalent to 4 weeks rent

·        Agreement commences today

·        The authorisation covers the ongoing management of the property including initial and subsequent leasing if a new tenant is required

·        30 days - notice to be given to terminate the authority.

·        Nil additional services, nil excluded services and nil special conditions are applicable to the lease

·        Fees payable to agent including GST:

                 Letting Fee - 3.3% (on invoice)

                 Lease Renewal Fee - 3.3% (on invoice)

                 Management Fee - 7.7% weekly (payable on disbursement of funds)

·        Expenses: Marketing - client budget of 1 week's rent payable on listing

·        Name(s) of all relevant parties to be printed into the document where required.

Notes: 

Any items not listed are to be deemed not applicable and not required for entry for the purpose of the exercise.

Submit the completed forms as part of your assessment for this task.

Task 2:  Market the Property

Now that you have successful obtaining the authority to act on behalf landlords Ian and Rebecca Harrison you must now market the property in order to secure a suitable tenant(s) for their investment property.

2.1 - Marketing Strategy

In the space provided below, outline a marketing strategy for advertising the property.

2.2 - Advertisement

Write an advertisement for the property to be including in the agency's website listings.

2.3 - Risk Management

Develop a risk management plan using the table below and include a minimum of three risks and the strategies you would implement to manage the risks. Submit the documents you developed as part of your assessment for this task.