One way to ensure a better return on your property investment is to make some improvements to rental property. However, it takes more than just applying a fresh coat of paint or installing new kitchen appliances. You should strategise and tailor your plan to your target market and allocate your budget appropriately.
Before the start of a new tenancy, you want to make sure the property is ready to accommodate a new tenant. This not only ensures your tenant’s safety and comfort, but shows them the standard to which they should keep the property during their stay.
When processing applications, consider if the potential tenant meets some of these qualities. It can save both you and the applicant time and stress when you’re able to determine the traits of a high quality tenant.
You or a prospective tenant or buyer may want to take photos inside and outside of the rental property for various reasons, such as to advertise a property for inspections. These are the most common questions both tenants and Landlords/Property Managers have regarding photographing a tenanted property.
Even the most experienced Landlord or Property Manager may struggle when encountering unexpected emergencies. It’s wise to review regulations under Tenancies and Rooming Accommodation Act 2008 (RTRA Act) as well as your own emergency action plans.