According to a review of insurance data, water damage is the number one claim submitted by landlords in Australia. Fortunately, there are ways to prevent this from occurring on your property investment.
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.
No matter what time of the year it is, your property rental’s lawn or garden should be in top shape. It would be easy to hire a professional, but there are some tips you can remember when it comes to simple maintenance. These pointers are also eco-friendly for a lusher, healthier environment for you and your greenery.
Whether you’re a tenant or a Landlord/Property Manager, it’s important to make sure your rental property is up to par when the tenancy ends. For tenants, restoring the property to its original (or even better) condition can make for a stress-free move, particularly when it comes to recovering your bond. For landlords, a clean and presentable rental shows the next potential tenants that you value your property investment so they’re expected to do the same.
As Landlord/Property Manager, you’ll be hearing a lot of concerns from your tenants. It is your responsibility to see to these issues and it’s important to be efficient to keep both you and your tenant happy and stress-free.
Once you’ve got a great property in your hands, the work doesn’t end. It’s important not only to add value to it, but to maintain that value for effective maximisation. This will require commitment and attention to particular details.
Painting is a necessity for any landlord. A fresh coat of paint boosts a property’s appeal, while some areas will need maintenance. Hiring a professional to do simple paint jobs may be the easiest solution, but taking on the task yourself could save you a considerable amount of money.
Asbestos is a toxic material and can lead to serious, chronic respiratory diseases. Asbestos was very popular for some time for its durability and fire-resistant properties and can be found in a wide array of building materials:
The Residential Tenancies and Rooming Accommodation Act 2008 does not have a specific definition of fair wear and tear, although it is considered to be wear that happens during normal use and changes that happen with ageing.
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