Making a mistake in approving rental applications can be costly, so as a landlord you should learn the skill of choosing the right kind of applicant. There are several red flags that you should be aware of. It is important to be extra vigilant when choosing your tenants and processing your tenancy applications. By not processing the application thoroughly and ensuring your tenants are not blacklisted on tenancy defaulting databases your landlord insurance may be void. This is why choosing a professional property manager to assist you managing the property and this process is essential. Read more

If you own a property and are looking for a quick equity boost, or some extra rent, then adding a room might be a good option.

While this strategy suits some, not every house is going to be suited to the task. Before you even touch the toolkit, you need to hit up the numbers.

As always, head on to a listings website. You need to create an understanding in your mind about the difference between prices of say, comparative two bedroom homes and three bedroom homes that have the majority of other factors (such as land size, location and amenity) similar to yours.

Once you have worked out what this number is, you can very easily do a similar task with rental prices. Read more

Many people express the opinion that residential property is first and foremost a shelter and therefore should only be considered from a social perspective. Many believe that it is a given right of every citizen of this country to have a roof over the head – rather than as a financial asset that can potentially make money for its owners.

Although it seems like a righteous position to hold, it cannot be denied that, in addition to offering a physical protection from the elements, residential property is, and always has been, an attractive investment option.

The old saying “property is the biggest investments one will ever make” has not been coined without reason. Besides, even when people say they are buying a “home and not an investment” they do not necessarily equate this statement with not making any money on their purchase in the future. Read more

February is one of the busiest months for prospective tenants searching for rentals, according to REA Group. For investors, this may mean one of two things. Either you can easily snap up a new tenant for your vacant rental, or you may see your tenant looking to move elsewhere.

While the trend is increasingly to marry and have children later in life, realestate.com.au has surveyed and found that 55% of those they spoke to would be more than happy to move in with their partner within 12 months of dating. Read more