Navigating Victoria‘s New Rental Standards: A Guide for Property Investors and Landlords Victoria‘s rental law is evolving, with stricter standards now in effect to improve the safety, energy efficiency, and general quality of rental homes. For property investors and landlords alike, this means that it‘s now more important than ever to ensure that your investment is in line with the law — or...
What value does a property manager deliver? Owning an investment property can be incredibly rewarding — not just financially, but as a step toward long-term wealth and security. But the day-to-day reality of managing a property is often more complex than people expect. From finding the right tenants and coordinating maintenance, to understanding legal requirements and staying on top of finances,...
How to find a great tenant. Finding a great tenant for your rental property is crucial to ensure a smooth and profitable landlord-tenant relationship. Here are steps to help you find a great tenant: 1. Prepare Your Rental Property: Make sure your property is clean, well-maintained, and in good repair. Address any necessary repairs or upgrades to attract quality tenants. 2. Set the Right...
Tips to maximise your rent. When buying an investment property, most would agree, rent is as important as generating capital growth. Having the opportunity to receive a weekly income stream can be a real winner in so many ways . In this market insight, we share some tips to maximise your rent. Aim to establish long term leases By establishing a long term lease, you'll effectively...
There are some new changes to the Residential Tenancies Act scheduled to take effect on the 29th of March 2021. In the market insight we offer you some important amendments that may impact you and your investment property. Before making an informed decision, we encourage you to discuss your personal circumstances with your property manager in advance. Here is a summary of the new changes to take...
If you are an existing landlord or tenant, you probably know what rental bond is. If you haven't, in this market insight we discuss what a rental bond is and how they are used. What is a rental bond? A rental bond is a payment the tenant makes when signing up for a rental property. If you want to rent a property most landlords will ask you to pay a rental bond before you move in. The rental bond is a...
A hoarder tenant can be challenging to manage. They are generally identified when property managers conduct property inspections on behalf of the landlord. It can be quite a stressful experience for all parties involved. In this Market Insight, we highlight some points that can be adopted to protect your investment property without infringing the personal rights of your tenant. Firstly it is...
How to prevent condensation this winter t's critical to maintain your investment property. It attracts good tenants, but also influences the income you earn (rent) and the capital growth over time. Certain parts of the year can require your attention. Melbourne is certainly in the middle of the winter season and the weather has been very cold. One sneaky concern arises with these cold mornings, and that's...
All property investors want the highest rental return. There are steps you can take to make sure your property is not only leased long term, but also achieving your desired rental return. Here are some important tips on increasing rent. 1. Provide your property with some TLC (tender loving care) – If you can take some time to maintain your property and make it look more presentable, you are likely to...
There has been a consistent take-up of Airbnb. The trend continues with the idea that this new leasing agreement can generate a higher rental income stream. If its to rent out a room or the entire home, many have been enthusiastic to learn more about it. The yields can certainly be higher, but let us share some great data researched by 'The Conversation'. Taking note of the research conducted by 'The...