By Motion Property Leasing Team
The 2 months have seen a flurry of activity as we have been busy preparing for the upcoming settlement at Boat House. We will keep updating this page to provide you with a summary of what has been happening and what the coming weeks will bring.
If you have any further questions regarding the leasing process, please don’t hesitate to contact our Leasing Team on the details below.
- Wednesday November 6, 5:16pm
Leasing Update – November
We are thrilled to share with you that we have leased 80% of the apartments at Boat House. Tenants are moving in and really enjoying their time at Boat House.
- Thursday October 17, 5:17pm
Leasing Update – Mid October
- Friday October 4, 1:37pm
Leasing Update – October
Over the last few days, Boat House has seen a spike in interest from tenants. We will continue to be in contact with landlords with new tenancy applications. Please watch the video below for more Boat House leasing update details.
- Thursday September 26, 9:52am
Leasing Update – September
We have been steadily leasing Boat House apartments and in the process of contacting our landlords regarding tenancy applications. Please watch the video below for more Boat House leasing update details.
- Monday September 16, 10:36am
OUR MARKETING CAMPAIGN HAS COMMENCED
We have had an excellent response from prospective tenants who have been attending our inspections. Your prospective tenants are loving the light and bright spaces, the gorgeous kitchens with island benches, the sizable layouts, the stunning river and city views and finally the proximity to the CBD. We are currently on site 6 days a week opening your apartments and ensuring we are maximising the number of applications we are receiving.Our advertising and marketing campaign so far has included:
- Prominent advertising on all the major portals
- Letterbox drops to over 10,000 local residents
- To present the apartments in the best possible light and to assist prospective residents to visualise how their own furniture will fit in the space, we have furnished two apartments.
- Facebook campaign– with an expected audience reach of 8,000 people a day we know it will generate maximum exposure for your apartment.
You can view a sample of a Boathouse apartment listing HERE.
OPEN FOR INSPECTIONS & SECURING A TENANCY
Tenancy Inspections have been in full swing with an excellent response and turnout. The first weeks are crucial in determining the market rent and ensuring your apartments are priced within tenant expectations.
We are onsite daily with inspection times catering to all. So far, we have had 80 apartments reserved by pre-approved tenants and we are aiming to have all apartments leased and ready to occupy soon after settlement takes place. We will be in touch in the coming weeks as suitable and vetted applications are submitted for your apartments.
TENANT APPROVAL PROCESS
Please expect a phone call from us regarding approving shortlisted prospective tenants for your unit.
Our tenancy approval process is very efficient and streamlined. Please be mindful to be responsive to our call so that this application process will be a seamless process. This way we can ensure we are able to offer a suitable applicant a tenancy in a timely manner and not risk losing them.
Once your tenant is approved we request they pay their first month’s rent as a deposit (fully refundable) and send them a draft lease so any questions or concerns can be addressed early. A lease will NOT be sent until after such time as the apartment has settled and is officially yours. This ensures we mitigate risk and compensation claims. Please be mindful that until such time as a tenant signs a lease (after settlement takes place) they are within their rights to renege on the tenancy.
WHO WILL YOUR TENANT LIKELY BE?
Would you like to get to know more about the Footscray area?
CLICK HERE to see some exciting statistics about who your typical future tenant will be.
SETTLEMENT – KEEP US UPDATED
Once settlement is called, please keep us updated with any changes or delays to your expected settlement Date. This will ensure we are able to manage tenant expectations as well as prioritising the leasing of the apartments.
FINANCE, VALUATIONS AND RENTAL APPRAISALS
By now, you would have spoken to your financial advisor or bank regarding finance. If you require a rental appraisal for finance purposes please send us an e-mail to: [email protected].
We can appreciate that this is an exciting time for you and you would like to get a glimpse at your new investment property.
We have prepared walkthrough videos from some of the apartments. You can view some apartments HERE.
If you are planning to inspect the apartment in person – please coordinate this with Meg Loughridge from Blue Earth Group. She can be reached on: [email protected].
For logistical ease and to ensure keys are ready once settlement takes place, we have arranged to have all apartment keys delivered to Motion Property.
LANDLORD INFORMATION FORM
We will shortly be sending you a digital Property Investor Information Form to complete. The information you provide will include your nominated bank account, preferred contact detail and nominating Motion Property to pay your outgoings.
We highly recommend you take out landlords insurance once a tenant is confirmed for your apartment. In the coming weeks, you will be receiving our “Instructions to Agent form” which will give you the opportunity to provide us with your bank details, preferred tradespeople and instructions to pay outgoings on your behalf. You will also need to provide your landlords insurance details at this time or alternatively, we can arrange a policy on your behalf.