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...
When a tenant signs a lease it’s normally intended that they want to live in the property for twelve months or more. It’s often a common experience to see a tenant continue renting beyond the first twelve months but they go on a month-by-month lease. It is understandable as circumstances can change at it provides the tenant with the flexibility to leave the property on short notice. However during a...
The COVID-19 crisis has caused much pain to health, livelihoods and working careers. The situation has called for many changes in the way people interact. The real estate industry is set to experience many changes particularly in the way it presents a property inspection. Property inspections are traditionally conducted to show potential tenants a property to lease or potential buyers a property to...
COVID-19 - There is some comfort for tenants. It's a confusing time for renters and landlords amid the COVID-19 crisis. The information hasn't been free flowing – but here's what we know so far. The Australian government has announced numerous stimulus packages to support the many Australian landlords and renters, but the details surrounding it remain limited. The lack of information has made many...
Renting vs owning a property has some significantly differences, particularity long term. To put it in a nutshell here are some key differences between renting vs owning a property: Owning a Property: You are accumulating your own wealth. You have the ability to customise the property to suit your own needs. Most investors borrow to invest in property. The monthly loan payments are likely...
Unfortunately, burglary and home theft is always an ongoing issue Australia wide. It’s not unheard of hearing cases where thieves follow you home, learn when you are at work and discovering ways to enter your home or garage. One of the most popular reasons why Australians buy and occupy Apartments is its enhanced security. Most modern Apartments are harnessed with their own intercom, camera access to...
It doesn’t matter where you buy your investment property or what type it is. Unfortunately bugs and other pests look to make it their home too. When bugs and other pests find their way into your investment property, they can quickly cause havoc. The landlord and tenant can often enter into conflicting conversations. Who is responsible to rectify the problem? At whose expense? Who is responsible for...
When buying an investment property, many choose this type of asset as it not only appreciated in value, it also earns us a regular income through rent. To further benefit your investment returns, retaining a long term tenant goes a long way. Here are some tips to keep a happy tenant. Prompt maintenance This is a very influential service. Tenants are often disappointed with the lack of response from...
Buying a property can be one of the most rewarding investment decision. Over time it will provide you with capital growth, but in the interim, you are lucky to also generate a rental income. A good investor is always seeking new ways of maximising their rental return. An important strategy in achieving this goal is obtaining a rental appraisal. What is a rental appraisal? Unlike a organising a property...
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...