Beware of These 5 Mistakes DIY Property Owners Make

Beware of These 5 Mistakes DIY Property Owners Make

Beware of These 5 Mistakes DIY Property Owners Make

Beware of These 5 Mistakes DIY Property Owners Make

1.  Failing to Ask or a Bond

This is a security deposit held in case your tenant doesn’t meet their obligations under the lease agreement.

2.  Not Having a Lease Agreement

This is a legally enforceable contract that details the length of the lease, rent amount, and the condition the tenant should leave the property as stated in the condition report.

3.  Not Filling in a Condition Report

This document describes the standards in which the condition of the property should be left at the end of tenancy compared to the condition of the property at the beginning of tenancy. For instance if the carpet has stains or if repairs are needed to bring the property up to the condition was reported at the beginning of the tenancy.

4.  Not Understanding Tenancy Laws

If a property owner doesn’t comply with these laws, like entering the occupied property without giving the tenant proper notice, this can lead to unwanted fines and unhappy tenants.

5.  Not Doing Proper Checks on Tenant Applications

As a property owner, when conducting a background check, make sure to speak with the potential tenant’s former property owner in regards to the condition the tenant left their previous property, if rent was paid on time, and the magic question – “would you rent to them again?”

To avoid these downfalls while managing your rental property, Cubbi offers you professional, simple-to-use tools and expert guidance to manage all aspects of your property more efficiently.  From professional advertising on Australia’s exclusive real estate website, www.realestate.com.au and many other popular real estate websites, to ordering a for lease sign and our free printable brochures, we offer you all the same tools as a real estate agent but put you back in the driver’s seat of your property.

For instance, our rental forms protect both you as the owner and also your tenant.  Typically if you are managing a rental property on your own, you may only have the option of purchasing a generic lease agreement from your local news agency or online.  The problem with these generic forms is the lack of important information, like state and territory laws particular to your area.  We offer you custom rental forms and templates to find and manage your tenants all in one place. With our guidance, you can fill out these forms in PDF format, allowing you to edit and no longer have to fill out multiple copies – saving you a considerable amount of time.

Since rental forms need to include state or territory specific law guidelines, we take the guesswork out of knowing which laws are applicable to your area by providing forms with laws specific to your area.  We also ensure our forms meet all the standards applicable by the Residential Tenancy Act. This not only eliminates one major headache of managing your property but also saves you time and money – which is always a good thing.

We are a real estate company setting the new standard in how you manage your property.  We give you back control over your property by serving as a middle option providing experienced guidance and an automated system to streamline your daily tasks.

Get started using our rental forms by signing up today.

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About Michael Gilbert

Michael is passionate about real estate. He has been living and breathing it for the past 8 years and loves helping people with anything property-related. Being a real estate agent has given Michael a real insight into what people want. His competitive nature keeps him going whether it’s on the soccer field or creating what he believes will be the greatest property management system ever.