High rent arrears rates and maintenance costs can be easily avoided with eight handy tips, according to Michelle Williams of Launceston-based @Home Property Management Solutions. Continue reading 8 ways to avoid Tenants being behind in Rent
Retaining tenants during a sale certainly keeps the rental income coming in. Also, unless the property is dirty and untidy, it will usually present better with furniture and household items making it look lived in and camouflaging wear and tear.
However, there are times when a tenant in residence could be a financially less rewarding scenario. Continue reading Selling with Tenants
Landlords and tenants don’t really have much to dispute. Not getting the toilet fixed for 6 weeks is not a dispute. You are just a bad landlord. Taking a tenant to the tribunal because they have punched holes in all your walls is not a dispute. They have broken the terms of the lease and must leave. No dispute.
If you use a real estate agent to manage your property, you also have a contract with them. In NSW, they must adhere to rules that state: “An agent managing a rental property must promptly respond to and, subject to the principal’s instructions, attend to all requests by a tenant for maintenance of, or repairs to, the property.” If they haven’t done this, your dispute might be with them rather than the tenant. Continue reading Negotiating Residential Tenancy Disputes
As Wizard chairman Mark Bouris says: “Young Australians in particular are choosing an alternative road to home ownership for a range of financial and lifestyle reasons. Research confirms that first home investors are a distinct group in the market and are here to stay.” Continue reading Landlords Insurance
A loophole allowing landlords to list tenants on ”bad tenant databases” for any reason is to be closed in the coming shake-up of home rental reforms which landlords say will do little to improve their position.
But the Tenants’ Union said the new laws, which come into effect on January 31, included ”commonsense” reforms which were ”a long time coming”. Continue reading Landlords curbed in crackdown on tenant blacklists
The purchase of your first investment property marks an exciting new financial phase in your life.
It may also cause some butterflies as you venture into this unfamiliar territory.
As with any first-time venture, you may well encounter some problems but here are some tips that should help you avoid, or at least reduce, some of the issues associated with being a landlord. Continue reading Top tips for first-time property investors