Whether it’s your first time renting, or your tenth, understanding the ins and outs of the rental process can help you stand out from your competition, secure your dream rental and ensure you get your bond back at the end of the lease. This article will outline some key tips to bear in mind throughout most stages of the rental process, to make sure you get the most out of your rental property.
Whether your preparing to find a new tenant over the New Year, or have a long term tenant, it’s important to prepare your rental property for the Australian summer. Having a well-maintained property can increase your chances of attracting or retaining good tenants, and can save money in maintenance costs down the road.
In Australia, people under the age of 35 account for more than 60% of all renters. As a result, it is important to understand the needs and wants of millennials, so that your property can best stand out against the competition.
Vacancy can have the biggest impact on property returns.
In this article, we share tips on how you can minimise your vacancy rates and lease faster when your renter gives notice.
Whether you’re a tenant or owner, it’s worth understanding how fixed-term and month-to-month leases differ, and what works best for you.
Ongoing leases are also called month-to-month leases or rolling leases.
Both types of leases are valid agreements for renters and property managers to enter-into. They both facilitate the tenancy but have important differences around notice, rent increases and duration.
In Australia’s perennially competitive rental property landscape, the chances of securing a good property– let alone one that meets all your requirements– may seem impossible.
Rapidly rising rents and the start of “rental bidding” further complicate the picture. Big changes to available rental properties during the holiday season and the start of the year can lead to rapid changes in the market.
One of the biggest lessons learned as a property manager is that it’s significantly less costly to maintain a lessee than it is to find a brand-new one. The only exception to this policy is when you need to terminate a tenancy due to an interruption in rent payments. Yet when it comes to your best tenants, they deserve keeping.