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How to create a property condition report that fully protects you

How to create a property condition report that fully protects you

Back when I was a property manager, I started looking after a property that had been through four separate managers in just two years.

Tenants had just moved out, it was filthy and repairs were going to cost more than $1,000 to get the place back to the same condition from when the tenants moved in (according to the owner).

Usually you’d just take that money from the bond. But there was just one problem: there was no condition report detailing what the place was like at the start of the lease.

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How to change real estate agents

How to change real estate agents

Here is a big question I get asked by landlords:

How do I fire my real estate agent?

Switching property managers happens all the time and it’s not always because you’re unhappy with the service. You might be looking for something cheaper, looking to manage it yourself or moving all your properties to one agent for consistency.

No matter the reason, switching real estate agents or property managers is actually more straightforward than you’d think. There is still a little prep involved, mostly because every management agreement is different – although many use their state’s REI (Real Estate Institute) agreement.

Even then, many agents insert clauses of their own.

I’ve broken down the switching process into some key steps below. Read More

How to advertise on realestate.com.au and Domain with Cubbi

How to advertise on realestate.com.au and Domain with Cubbi

Getting your property advertised on realestate.com.au and Domain is step one for landlords in Australia.

But it can be a confusing process. There are so many different types of listings, and so many options…not to mention there are plenty of property managers or companies claiming they can provide you with a good deal or a better price. Read More

How to get more rent for your property in Richmond, Victoria

How to get more rent for your property in Richmond, Victoria

As a rental property owner, it pays to know what tenants in your area want. Even small additions to your property can get you a much better rental return – and keep good tenants around for a lot longer.

If you own a rental property in Richmond what can you do to get the most from it? 

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realestate.com.au versus Domain: which site is best to advertise my property?

realestate.com.au versus Domain: which site is best to advertise my property?

When it comes to advertising your property online, Australians will find their options generally come down to two major players: realestate.com.au and Domain.

But which is number one? Read More

Changing locks in rental properties…what do you need to know?

Changing locks in rental properties...what do you need to know?

Nearly everyone knows the feeling of being given a set of keys to a property. It’s a great feeling – one of security and comfort.

But that feeling of security might be a bit of an illusion. Right now, landlords aren’t required to change locks between tenants. That means there could easily be copies of keys floating around, giving people easy, unauthorised access to your property. Without a trace.

There isn’t a law that requires locks to be changed. But should there be?

I’ll tell you what I think needs to happen a little further down – but for now, it’s good to know what a landlord’s (and tenant’s) responsibilities are today.

This topic can be confusing, and it differs from state-to-state, so we’ve pulled together all the different rules regarding locks and keys. Read More

Gas heaters and fireplace repair and maintenance: the tenant’s responsibility, or the landlord’s?

Gas heaters and fireplace repair and maintenance: the tenant’s responsibility, or the landlord’s?

If you’re renting a property with a gas heater or a fireplace, who’s in charge of actually maintaining and cleaning those pieces of equipment?

It’s a topic definitely worth addressing. Back in 2013, a Victorian coroner warned that landlords should check their gas heaters every two years after two children died in a tragic gas leak incident.

As it turns out, the laws in this area aren’t so simple.

Like many tenancy laws the rules differ from state to state, and it can be confusing to figure out what exactly your responsibilities as a landlord – or tenant – are.

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10 questions you NEED to ask your landlord at your next open for inspection…and two you shouldn’t!

10 questions you NEED to ask your landlord at your next open for inspection…and two you shouldn’t!

We get it – sometimes you don’t want to rock the boat.

As a tenant, you want to be on your landlord’s good side. But sometimes tenants get so scared they think even asking a question or two about their lease or property will seem presumptuous!

As a real estate agent, I can tell you that nothing is further from the truth. In fact, landlords and agents want you to ask questions at the open for inspection. The more you know about the property and the more engaged you are, the more you will stick in the landlord’s mind.

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How much can I rent my house for?

How much can I rent my house for?

So you’ve got a property, and you’re ready to start looking for tenants.

There’s just one key question you have to answer first: how much can I rent my house for?

It’s not an easy question to answer! After all, setting your rental price is crucial to making sure you actually attract tenants who can look after the property and make sure your investment earns you some money – or at least meets your expenses.

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Landlord insurance: what you need to know about this crucial purchase

Landlord insurance: what you need to know about this crucial purchase

As a landlord, you may think that a typical building or contents insurance policy will cover you should anything go wrong with your property.

You’d be wrong.

That’s why landlord insurance exists. Along with typical building insurance policies that cover you for fire or theft, landlord insurance will often cover the following circumstances: Read More