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Stress-Reducing Tips for Property Investment Owners

From marketing to maintenance, your job as Landlord/Property Manager can be overwhelming at times. If you feel like you have too much on your plate, here are some tips to get you through all your responsibilities and ease your worries.

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The Only Investment Decision Checklist You Need

Purchasing and owning property is a promising investment, but it’s no walk in the park. Luckily, here is an easy checklist to refer to that can help you make the huge and exciting decision.

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What To Do When a Tenant Has Stopped Paying Rent

As a Landlord/Property Manager, you’ll probably, at some point, come across a tenant who’s behind on paying rent. There are several ways you can go about this to avoid any conflict as well as to follow proper legal solutions.

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The Top 10 Features a Quality Tenant Looks For in a Property

Make the right choices when purchasing and setting up your investment property by understanding what features are the most attractive to tenants.

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Don’t Discriminate: What the Law Says About Tenant Applications

When screening a prospective tenant and you feel they’re not a good fit, a Property Manager/Landlord must check with the state discrimination law to check if their reasons may be considered unlawful. It’s always important to review state legislature to avoid issues such as a lawsuit.

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A Guide to Maintaining the Value of Your Investment Property

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.

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Who’s Responsible for Carpet Cleaning?

A landlord or property manager may include professional carpet cleaning as a special term in a tenancy agreement regarding carpet maintenance upon a tenant’s vacancy. However, the landlord/property manager is under no obligation, by law, to provide such a service. Also by state law, the tenants’ obligations towards the property are defined “as far as possible, in the same condition they were in at the start of the tenancy, fair wear and tear excepted.”

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Save Money on Simple Paint Jobs with These DIY Tips

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.

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Furnished or Unfurnished? Know the Pros and Cons

Furnished rentals may be more costly, but there are a few pros to them. The idea of “furnished’ can be completely up to you as Landlord/Property Manager. Some rentals will only have kitchen appliances or living room furniture,while others will have additional decor. Either way, when setting up your property, here are a few things to consider.

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Which Keys Should You Give to Your Tenants?

When a tenant is about to move in, a Landlord/Property Manager will need to provide keys to access the property. Section 210 of the Residential Tenancies and Rooming Accommodation (RTRA) Act can tell you which keys your tenant will need. Section 210 also outlines that the lessor must supply and maintain the locks that are necessary to ensure the premises are reasonably secure.

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