Water damage can lead to the mould growth, timber decay and a musty smell. Not only does this result in an unsafe and uncomfortable home, but the Landlord or Property Manager must deal with the repair of the damage as well as its source.
Co-Owning a Rental Property
Property co-ownership has its benefits, one of which is allowing the owners to divide the costs of purchasing the property as well as its maintenance. Another benefit is you get to pay the mortgage faster as more than one person pays for it.
Are Tenants Allowed To Make Alterations To Rental Properties?
During the course of a tenant’s stay at your rental property request to make alterations or additions to the property. They could be for aesthetic or functional reasons. Either way, they cannot make these alterations unless the Landlord or Property Manager gives them permission to do so.
The Best Types of Renovations That Will Add Instant Value to Your Property Investment
Updates to your property, whether it’s for style or function, can significantly increase value and tenant appeal. Here are some renovations investors can undertake to attract a wider scope of tenants as well raise the property value and weekly rent.
How To Hire Great Tradespeople
The success of your property investment lies in the hands of the people surrounding it. This includes the tradespeople maintaining your property. Make sure you hire tradies who will guarantee the growth of your investment.
What Is Fair Wear And Tear?
The subject is open to numerous interpretations as there is no concrete basis or standard to follow. Disputes and disagreements are expected when it’s time for the tenant and landlord or property manager to fill out their respective exit condition reports.
The Importance Of Safety Switches In Rental Properties
Depending on your state laws, safety switches are required in every home. According to the Queensland legislature, safety switches must be installed to all power circuits. As Landlord, it is your responsibility to ensure the proper installation.
The Pros and Cons of Leasing Your Property Furnished or Unfurnished
What’s the difference between a furnished and unfurnished rental property and which one should you choose? There are several advantages and disadvantages whether you choose to lease your investment property with furniture or not. Your decision will depend on a number of factors, such as property type and your own investment goals.
Communication Tips To Improve Your Relationship With Your Tenants
Good communication is needed in a strong relationship between a Tenant and the Landlord or Property Manager. According to a survey from rent.com.au, 64% of respondents said they valued good communication as a key focus. Here are some tips to improve your communication skills.
Tips For Choosing Your First Investment Property
If it’s your first time investing in property, you want to be sure you’re making the right choice. The type of property you buy will depend on a number of factors, like budget and investment goals. Take note of these tips when making your decision.
Who Is Responsible For Rental Property Repairs?
As Landlord or Property Manager, it is your obligation to provide a safe home for your tenants. This responsibility also includes repairs. However, it depends on the type of repairs. There are two types: emergency repairs. and routine repairs.
The Importance Of Thorough Entry And Exit Reports
For both tenant and Landlord or Property Manager, the accomplishment of entry and exit reports is an important step in a tenancy. According to the Residential Tenancies and Rooming Accommodation Act, these reports are essential in compliance with legislative requirements, but they can also be a valuable risk management tool for any disputes that may arise regarding the condition of a rental property.