Once your tenant has vacated and if you wish to access your rental property, it is imperative that you make contact with your property manager first to ensure that the final vacate process is handled correctly and in accordance with legislation requirements, prior to entering.
Beware of agents offering cheap management fees. Cheap fees usually means cheap service.
Does your property have an electrical safety switch? For such a minimal fee, you can have peace of mind that you are providing a safe environment for your tenants. When installing a safety switch, ensure that you engage a licensed electrical contractor.
Be sure to keep your investment property records (rental income statements & invoices) in a safe location for the end of financial year
Have regular pest inspections. An annual visit from a reputable pest control firm can avoid costly repairs if pests go unchecked.
Your agent should educate the tenants upfront on office policies, expectations and legislation requirements. They should set the ground rules from the commencement of the tenancy.
The Reserve Bank has left official interest rates on hold in May for a 19th-consecutive meeting, deepening the record-breaking period without a rate movement. The central bank opted to again leave the official cash rate on hold at 1.5 per cent, where it has sat since August 2016, and RBA … Read more
An ingoing inspection should include extensive photos of the property to confirm the state of the property when a new tenant takes over tenancy
Today there is more competition to attract quality tenants. They have grown accustomed to better things, better housing and living conditions. They have more money to spend. For this reason, they deserve immediate attention with requests and maintenance. Without tenants, you do not receive rent.
There are specialised tenant database agencies established nationally who track, record and monitor tenant details that are accessed by reputable real estate agencies as part of their reference checking process.