Being a landlord offers many benefits: amongst them, a time-proven way to build wealth via the security of ‘bricks and mortar’, plus the potential to reduce your tax liability whilst retaining an asset of considerable value. It isn’t all beer and skittles though – being a landlord can also place you at risk should you…
Category: Property Management
If you’ve ever had your home or car broken into, you’ll know it’s a deeply unsettling experience. More than just the value of the objects stolen, the knowledge that your space or property has been intruded upon is worrisome. With that in mind, have you given your investment property a security audit recently? Making sure…
When you have a portfolio of investment properties, staying on top of the rental market activity associated with each of their locations can be a herculean task. If you want to ensure that each of your investments are yielding the maximum returns possible, you’ll need to remain in close communication with your property manager to…
Most landlords are aware that great tenants pay their rent on time. But a number of investment property owners don’t know there are other benefits in having great tenants. In addition to paying the rent on time (which allows you to pay your mortgage on time) having great tenants also promotes goodwill within the community…
Property investment poses risks, like any type of investment, and one risk that can never be completely eliminated is the chance of having a bad tenant. This can either happen when a bad tenant has given false information that was missed at application stage, or they were previously a good tenant but their circumstances changed…
Occasionally, life plans change. You may have signed a lease agreement fully intending on owning the property for its duration – but you now realise that you need to sell your investment before the lease expires. What to do? Firstly, let us know your plans and inform our sales that there is a lease in…
Some of the things that start to show their age quickly in property are fixtures and fittings. While some fixtures and fittings may need to be updated due to damage or a fault in the item, knowing when to update things in your home is important. This keeps your home in excellent condition before you…
Rental Yield is a measure of how much cash [or rent] your property produces each year, as a percentage of the property value. The property investor dream is to secure a high rental yield property, in a location that delivers large capital gains, combined with low management and maintenance costs. This means, rental yields are…
Statistics recently released show that the current profile of a typical tenant is a female aged between 35 and 49 who earns more than $50,000 per annum. The statistics also show that less than 30% of tenants looking to rent a property today are men. The study undertaken by website portal realestate.com.au revealed that less…
Part of being a landlord means rental increases are something you need to give some thought to when the time comes to offer a lease renewal to your current tenants. While it can be tempting to increase the weekly rent for your tenants, there are forces within the market you should consider when determining if…