In the rental property business, both the owner and tenant are accountable in maintaining the value of the rental property. While it’s your responsibility as the Landlord to keep the property safe and livable, your tenant is also responsible in keeping it clean and reporting issues in the property. Routine inspections are the key to keeping both parties in check.
A key factor in setting up your ideal portfolio of investment properties is the people you are working with. If you are a first time property investor, you want to surround yourself with top experts who will help you achieve your investment goals. Read more
As the famous saying goes, prevention is better than cure. This also applies to your rental property and protecting it from damage (and hefty renovation costs). To maintain a safe, long-lasting, and profitable asset, here are a few tips to keep in mind.
Summertime in Queensland is something to look forward to in the coming weeks. This is also the perfect time for Landlords/Property Managers to make sure rental properties, whether vacant or occupied, are in top shape.
A 5 star tenant would be someone who is reliable and upstanding. Their interests are bound to your business, so the property owner and property manager should always take them into consideration when making decisions. You want to establish a long-term rental relationship built on mutual respect and where you encourage one another to make each other’s lives easier.
For first-time investors who feel like their dream homes and investment goals are out of reach, rent-vesting can be a viable option. Rent-vesting allows you to rent the kind of home you want, while borrowing money to invest in a lower-cost property, then using the rent money from that property to help pay off the mortgage. Breaking into the property market while living in an ideal home may not seem so impossible with rent-vesting.
Managing an investment property involves a variety of responsibilities. When choosing a Property Manager, you want to be sure they can not only meet those responsibilities, but help you achieve your investment goals as well.
We take out all kinds of insurances because we want to be prepared for unforeseen eventualities. For property owners, there are specific insurance policies to help you prepare and keep your investments secure.
Earning a profit is the exciting part of owning and managing a property, but the role also comes with expenses – mainly maintenance and repair. Some maintenance tasks, such as an annual pest inspection, can be regularly scheduled. However, a burst water pipe or broken down air conditioning, can be more unpredictable.
When it comes to renting your investment property, you have two choices: self-management or hiring a Property Manager. How do you know which one is right for you? Read more
