The age old question ‘should I use a property management company?’ should always be considered from investor to investor, because there isn’t one answer to suit you all – we wish there was!
Good property managers often go above and beyond to help you manage your investment property, and you pay them well to do so! But what signs do you need to watch for? As a property owner, do you even know what you should be expecting from your property manager?
If you haven’t been feeling the love from your property manager for a while, or you’re just looking to save money (aren’t we all?!) by cutting down as many fees as possible, we’re here to talk you through how to give them the flick.
Heard the news? There’s new short-term renting laws in NSW coming soon that will affect a lot of people. Owners, tenants, hosts, guests and even online platforms like Airbnb and potentially even Cubbi are all in the firing line.
What’s the worst part about termites? It’s the fact that more often than not, you only realise you’ve been living alongside them after they’ve infested your house and turned the framework to mulch! Termites cause more damage to homes in Australia than fires, floods and storms combined and unlike these natural disasters, termite damage isn’t always covered by household insurance.
It’s that time of year again, the financial year has only days left and it’s time to think tax! You have an investment property, so now is the time to start planning your deductions, if you haven’t already done so. The easiest way to maximise your return? Make a list for your accountant with everything itemised and categorised to make tax time fuss free.
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?
The Victorian Government’s recent announcement that landlords will soon be able to offer five-year leases has certainly sparked colourful debate, but so far there hasn’t been a lot of talk about the practical realities of these agreements.
Right now the laws in Victoria restrict rental agreements to no more than five years. But under new rules announced by Premier Daniel Andrews, that cap will disappear. Technically, that means you could even sign leases up to 10 years.