Organise bond documentation
Your tenant will be required to pay a bond. Legislation in most states requires the bond to be placed with a Residential Tenancy Bond Authority. Your property manager will handle the documentation for this and any disputes regarding the bond arising at the end of the tenancy.
If, at the end of their tenancy, the tenant is up to date with their rent and has left the property in the same condition as when they moved in, except for what is called “fair wear and tear,” they get their entire bond returned to them. Unfortunately, many disputes arise as to what is property damage that should be rectified by the tenant and what is “fair wear and tear.”
Misunderstandings can be minimised by having a well-documented condition report and photos of each room of the property at both the beginning and the end of the tenancy. A good property manager will also give their tenants a document outlining their obligations when vacating the property which should help minimise disagreements.