Our Asset Management program at Gallery Homes was designed to support investors post-build, with everything from sourcing reliable tenants to managing lease agreements. We provide you with the same services as a real estate agent with the added bonus of leaseback management, giving you the confidence that your home will be well looked after.
Our RentGuard program will protect our homeowners and their rental income, providing financial security for an agreed period depending on location and dwelling type.
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Service to manage any bills and expenses that may arise for a fully automated investment
5 & 10 year RentGuard Program on Gallery Homes
Powerful cloud-based portal for financial and maintenance tracking
A strong focus on getting the best tenants that respect your property and pay bills on time
Internal resourcing that ensures any vacancies are short term
Meticulous wear and tear standards that prolong the value of your asset
Superior complaint resolution techniques designed to create happy and profitable tenants
4% - 4.5%(QLD) rental return on your investment
Rent paid monthly & in advance
No need to worry about vacancy periods
No additional hidden costs
Low management fee of 8% + GST
Gallery leasing will continue to pay rent to you even if the following occurs.
The property is vacant
The tenant is late to pay their rent
The tenant defaults on their lease agreement and obligations
The tenant vacates owing money over their bond refund balance held with the RTA
Your leaseback agreement will commence 28 days from receipt of your practical completion payment or the return of your executed leaseback documentation, whichever is the latter.
All funds are disbursed on the first (QLD) business day of the new month.
EG: If your lease commences in February then your first payment will be received on the first (QLD) business day of March. The initial leaseback payment is a total of 1 month rent and monthly thereafter.
You will receive a full statement of account each month showing the rental income and expenses such as management, letting and sundry costs as well as any maintenance required in accordance with RTA legislation or your builders warranty such as smoke alarms, termite inspections etc.
When the leaseback expires the current sub-leasing tenants will then be transferred to you. Gallery Real Estate Group will continue to manage your investment for you. The responsibility for maintenance, vacancy periods etc. are also passed on to you at the expiration of the leaseback agreement.
Yes, of course, you can. It’s still your property after all.
We understand that life can change at the drop of a hat and sometimes there comes a need to sell your investments. There are a few terms and conditions surrounding the sale which are detailed in the leaseback contract such as;
Paying back any advanced rent paid to you by Gallery Leasing
Providing the correct amount of notice to your investment manager and tenants
Ensure the lease contracts currently in place are upheld with the purchaser
Leaseback option can be transferred to the purchaser
Gallery Leasing will be responsible for most nonstructural repair and maintenance. We maintain the property except for fair wear and tear, examples include servicing or air-conditioners, hot water systems.
As the owner of the property, there are some responsibilities that remain with you such as;
Water & Land Rates
Smoke Alarm Inspections
Termite and Pest Inspections/Treatment
Building, Contents & Landlord Insurance
We have tried to minimize the worry for you by allowing you to have your contact address updated with your rates suppliers to reflect ours, similarly with the insurances we can set up your contents and landlord insurances for you and all future accounts can be sent to us for processing & payment.
Unfortunately, we are unable to set up building insurance for you, but we do have a streamlined process to assist you in setting it up.
By taking this option all your accounts for your investment are taken care of for you, it’s a carefree investment plan! All expenses are noted on your monthly statement and copies of invoices are sent.
Rental income payments commence 28 days from receiving your final build payment, or the return of your executed RentGuard documentation - whichever is the latter.
Yes, rent increase profits are shared with you during the 10-year period.
All funds are disbursed on the first business day of each new month. You will receive a full statement of account showing rental income and expenses such as management, letting, sundry costs and maintenance.
The current sub-leasing tenants are transferred to you as the direct owner. The responsibility for maintenance, vacancy periods etc. are also passed onto you. Gallery Real Estate will continue to provide property management services. Gallery also re-carpet and re-paint the property.
We maintain the property except for fair wear and tear, examples include servicing of air-conditioners and hot water systems.
Yes – in fact, under the RentGuard 10-year program, the standard builder's warranty will be automatically extended.
Yes. There are a few terms and conditions surrounding the sale which are detailed within the leaseback contract such as;
Paying back any advanced rent paid to you by Gallery Leasing.
Providing the correct amount of notice to your investment manager and tenants.
Ensure the lease contracts currently in place are upheld with the purchaser.
Leaseback option can be transferred to the purchaser.
As the owner of the property, there are some responsibilities that remain with you such as:
Water & Land Rates.
Smoke Alarm Inspections.
Termite and Pest Inspections / Treatment.
Building, Contents & Landlord Insurance.
You can opt to have your contact address updated with your rates suppliers to reflect ours. We can also set up your contents and landlord insurances for you too.
All expenses are noted on your monthly statement and copies of invoices are sent to you for your records, helping to simplify your annual tax returns. The RentGuard program offers you 24/7 access to a portal which connects to your property, statements and inspections at anytime.
