Renting out your property for a reasonable price and turning it into a successful investment can be challenging, especially in the current market. We share some tips on how to make improvements to your home to get a tenant in as quickly as possible and obtain a rent price that works for both parties. 1.…
Category: Property Management
Tax time is quickly approaching and we suspect you may have already fished out your calculator, or called your accountant, and gotten busy with number-crunching your income and expenses for this year. If you are a new property investor, “Income” includes the amount of rent you receive for the property on an annual basis. “Expenses”…
Ensuring a continued tenancy is paramount in order for you to budget for regular and ongoing rental income. Not only this, but a tenant on a fixed term lease on an ongoing basis means more income, as the property will not become vacant or suffer additional wear and tear through the tenant vacating and a…
In all cases a tenant is required to leave a property reasonably clean and as Property Managers we ensure this is the case… However in our experience there is the general living ‘wear n’ tear’ that after a few tenancies raises problems. Even after a few tenancies – when a property is handed to us…
In a world where energy efficient appliances and strategies can impact so many areas of our lives, we need to be more conscious than ever before of saving money and protecting the environment. Not just for ourselves and our own homes but for our tenants and investment properties. Here are a few tips to…
Your property manager is required by Law to ensure that your lease complies with current legislation whenever you enter into a new Lease Agreement. Why? In today’s leasing environment there are a number of compliance issues that must be addressed before entering into a Lease Agreement. Some of these compliance issues could be new and…
As is the case with properties listed for sale whereby well-marketed properties almost always sell faster than those that lack the marketing edge, the same is true for properties listed for lease. Why? It’s all about standing out from the competition and appealing to the right audience (buyers in the case of properties for sale…
It can be quite a daunting task to try and evaluate what property to buy when building up your investment portfolio. Do you buy new properties or old properties? Do you buy a unit or a house? Do you buy in an established area or a new development? Of course all of the answers to…
If you’re looking at property investment, two of the most important factors for your consideration should be high growth rates in property values and relatively high rental returns. Many people naturally assume the best investment properties are located in areas where there are high growth rates in property values. However this isn’t necessarily the case…
Throughout the country, demand for rental properties by tenants usually outweighs the number of properties available. This supply and demand does fluctuate and can be seasonal. December and January is an example as it seems to be when people are moving into or out of the area with their work. However, no matter what the…