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.
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.