How to determine what rent you should charge
With rental prices rising, you may be wondering whether you're still charging the right amount and if you should change this when the time comes. While markets in capital cities and regional locations have experienced significant growth in recent months, opting for a hefty price increase without doing your research can be risky. First, it may take longer to find a great tenant if your property ...
What happens if a tenant damages your property when they move out?
The day is here - your tenants are moving out, new tenants are secured, and your property manager is getting ready to do the exit inspection and release the tenant's bond payment. Everything's going smoothly until your tenant damages the property as they're moving out. Unfortunately, accidents like this happen. Bulky furniture must make its way down narrow hallways, and front doors become a tig...
Building insurance vs landlord insurance
As the end of financial year approaches, it can be a great time to assess all your insurances and make sure you're adequately covered. And for those insurances where you're thinking of switching from a monthly to an annual premium to secure a discount, you can also make this payment just before the end of financial year, so you can claim a deduction as soon as possible. Taking out both a buildi...
How to pick the perfect tenant for your investment property
Once you've bought an investment property and got your place ready to lease, the next major thing you need to do is find the perfect tenant. Your property manager will be able to help you position your property to attract the best applicants possible. Once you've got some great potential tenants through the door, there are some key things to look out for that will help you pick the perfec...
Fixed-term leases or periodic leases? What's better?
When you're renting your property, there are a few tenancy options you may choose between, depending on your preferences. If leasing your property for short-term or holiday rental isn't of interest to you, it's time to consider your longer-term options. Most property investors rent their place on a fixed-term or periodic tenancy when they are looking to find long-term tenants. Below we outline ...