When it comes to home maintenance, there are lots of tricks of the trade that our property management team know all about. And it turns out that professional cleaners take a slightly different approach to home maintenance and cleaning than the rest of us. Below we have pulled together some hints and tips for cleaning…
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New legislation to improve the quality and safety of rental properties took effect in Victoria at the end of March. For landlords, this may require some expense to ensure the property meets the standards required by the new rules. Renters should also be aware of the changes and work with their agent so appropriate improvements…
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There’s been so much media on the plight of renters in the COVID-19 crisis that landlord rights feel lost in what has become a very public and somewhat one-way conversation. Here, we attempt to clarify issues from the landlord’s perspective. Since March 29, there has been a national moratorium on evictions of those who are…
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If you’re an investor and not using a depreciation schedule for your property, you could be missing out on thousands of dollars in tax rebate. Costs and depreciation associated with your property can be deducted each year from your taxable income to improve your after-tax cash flow. Every circumstance is different but many investment properties…
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Local knowledge is hard to beat when it comes to choosing the right property manager to handle your rental property. A great property manager will maximise the return on investment on your property and minimise the stress of looking after the needs of your tenants. They will also know the pricing trends in your area,…
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Finding a good tenant isn’t easy, but an experienced property manager can help you overcome the challenge. It’s essential you focus on a prescribed set of qualities that make a good tenant rather than rely on intuition or select an applicant simply because they look good on paper. Also, be aware that the Fair Housing…
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Seeking a great rental property can be a challenging, even demoralising experience at times. Suitable properties might be thin on the ground, or above your budget and they all seem to attract a never-ending stream of potential tenants to compete with you for the lease. You need to stand out from the pack to get…
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An investment property that sits empty for weeks will burn a hole in your pocket. Avoid this by working with your property manager on a plan to find a new, trustworthy tenant as soon as the current one leaves. Good tenants who pay their rent on time and respect your property are gold, and you…
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Selecting a tenant for a rental property always carries an element of risk. A bad choice can cost thousands of dollars in unpaid rent, damage to property or both. There are no guarantees in property, but it is possible to enjoy the stress-free experience of renting property and building your personal wealth. But remember, there…
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Rent-vesting is an increasingly mainstream strategy for those seeking to break into the property market or expand their portfolio without it having an impact on their lifestyle. It breaks the traditional approach of buying a property and living in it. Instead, you rent in the area you love and buy in the suburb you can…
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