Morton

PROPERTY MANAGEMENT INFORMATION FOR PROPERTY OWNERS WHAT TYPICALLY HAPPENS AT SETTLEMENT? • Around 50% of properties enter the leasing market at one time • Owners are competing with each other • Agents are competing with each other • In most instances prices are driven down as a result of the competition • Often there is no plan to lease the building calmly to achieve maximum rent and minimum vacancy MORTON STRATEGY • Be the single point of contact to control the market and to achieve maximum rents with minimal vacancy • Advertise the properties as early as practical to secure tenant interest and applications • Conduct tenant inspections during the finalisation of construction • Have tenants ready to move in upon settlement • Rents set by a single source to avoid external competition • Rents are maximised as tenants cannot shop around to get a better deal from other agents • Leasing completed calmly and efficiently • Over time increase rents and keep vacancy to a minimum Morton has a strategy.