Once a tenancy ends and the residents have vacated, a Landlord/Property Manager should conduct a thorough inspection of property to see what needs to be taken care of before the start of the next tenancy. Also, this should help in finding issues that the previous tenant should be responsible for.
As Landlord/Property Manager, you’re always responsible for emergency repairs, but what’s the best way to proceed to avoid further issues? Here are a few tips to remember.
Preparing your rental property for the start of a new tenancy includes making sure appliances are not only functioning, but that they’re working well. This ensures a safety, comfort and ease of mind for both Tenant and Landlord/Property Manager. Here’s how you can test common household appliances to see if they’re in good working condition.
Taking photographs of a property rental for an inspection means more than just making sure you’re taking clear, well-lit photos of every area of the property. In fact, there are laws a property manager must follow, particularly when the property rental includes the tenant’s personal possessions. Here’s how you can be thorough while still following the best practice according to state legislation.
Don’t be a negligent Landlord/Property Manager and make sure your entry and exit inspection reports are as comprehensive as possible. The Residential Tenancies and Rooming Accommodation Act indicates these reports as essential in compliance with legislative requirements, but they can also be a valuable risk management tool for any disputes that may arise regarding the condition of your property.
When advertising your property for rent, you not only post pictures online, people are going to want to have a look at the property in person to be able to get a good feel of the property for them to have an accurate assessment. Read more
A lot of owners are interstate or overseas and need to travel if they would like to view their investment property. Below is a list of of questions that investors often ask: Read more
Safety Switch Law
What exactly are safety switches and how do they work? Safety switches are devices that are designed to stop the supply of electricity in the event of a very small earth fault on an electrical circuit. This creates a good means of minimising risks of death and injury due to earth faults. And this fault is in fact the most common cause of electric shocks. In other words, it is basically your insurance against electric shocks. Safety switches can detect earth faults much faster than a normal fuse or circuit breaker, thus, saving equipment from potentially serious damage. They work almost instantly, cutting off electricity before enough current has passed through a person that could either cause serious injuries or even be fatal. Read more
Besides the law, there are other risks when renting out an investment property. These include finding new tenants to make sure that the property doesn’t go vacant for long, collection of rent, and paying for repair and maintenance to keep all utilities in working condition. Read more
In Queensland, approximately 75% of all home fire deaths occur in homes without smoke alarms — almost 50% of these house fire deaths happen while people are sleeping. This is why it is important to have smoke alarms installed at home. Without it, the risk of death from a house fire is 3 times higher. Smoke alarms save lives. Read more
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