Owning a rental property is a great way to build your investment portfolio and diversify your assets as you plan your life into retirement. When you do purchase you will find the decision to either have the property managed or self-manage. Employing a property manager to take care of the intricacies of property rentals can
Category: Management
Investing in a short-term rental property can be a way to purchase an investment property or potential holiday home and diversify your investment portfolio. Short-term rentals will be rented by those who are on holiday or for business and looking for a property to stay in that is outside the normal accommodation offering. There are
Owning a property that has lawns and gardens is a nice addition to your investment property. In terms of who is responsible for maintaining these areas, there are a few rules of thumb to go by. Tenant responsibility A tenant is responsible for areas such as regular mowing and edging. The frequency of this will
One of the factors of owning an investment property is ensuring that you have a good landlord insurance policy in place, especially at the times of year when there is potential for an increase in incidents. While many companies will off landlord insurance, not all are created equal, and it is wise to look around
An experienced and professional property manager is a value for landlords that can reduce potential stress around the management of your investment property. They can also assist with maximising the returns on your property and manage the tenancy process from start to finish. When you are looking to hire a property manager, it is helpful
The elements aren’t always kind to us when it comes to our homes and investment properties and as the weather warms up and there are heightened risks with the potential for bushfires, it is important to ensure that you have a maintenance plan for your property. Don’t wait until it is too late to save
Choosing to rent your property may seem straightforward in that you find a tenant, sign a lease agreement, and collect the rent. However, there are legislative requirements and obligations that are required as a landlord and depending on the state in which your property is located will determine the rules. Employing a qualified property manager
There is a level of risk that comes with owning an investment property and ensuring that you have the right level of cover is a crucial step to reducing risk over your property. Your property manager will always process any applications that they receive from tenants, checking all references thoroughly, however life doesn’t always go
One of the more valuable steps that you can take as a property investor is to employ an experienced property manager to manage your investment property throughout its life cycle. There is a myriad of tasks that are involved with renting your property and a property manager can assist with navigating through those tasks and
One of the considerations when owning an investment property is the lease terms that are offered to your tenant throughout the duration of the tenancy. There are some benefits to maintaining a fixed-term agreement, especially if they are great tenants and you could keep them for a longer term. Look at your options When the