News


7 thrifty mistakes that could spell bad news for landlords


No one likes to spend any more than they have to, but you always get exactly what you pay for. An insurance comparison expert has said that investors looking to cut corners financially could set themselves up for financial ruin in the future. Abigail Koch, spokesperson at Compare The Market, said that investors need to keep in mind that, while a property is seen as an asset for them, for tenants, it is a home. “Investors need to provide a rental home that is comfortable, safe and secure — and also complies with state leasing legislation — but at the same time they need to secure a good tenant who pays their rent and looks after the property,” Ms Koch said. “When property becomes a business, the temptation is to cut corners in order to save on costs, but this could lead to financial losses in years to come.” Ms Koch outlines her top seven mistakes by landlords that could lead to financial ruin: 1. DIY property management While agent fe...

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Choosing the perfect Rental property


Choosing the right property to rent is just as important as choosing the right property to buy.  This is a property that you will be calling home and you need to feel happy, safe and comfortable in your new surrounds. So – what do you need to consider when selecting a property to rent?  Step 1 :  Determine your needs/requirements Step 2 : Do your homework Step 3:  Attend Open for Inspections Step 4:  Complete your Tenancy Application Determining your needs Are you living on your own, sharing, or do you have a family?  If you are looking for a property to share – will all the bedrooms be appealing to other prospective renters and are the living areas sufficient to allow you to have some alone time?  If you have children – is the property safe or can you identify any hazards that could be problematic?  Is the property in close proximity to transport and amenities?  How do you spend your weekends…. Mostly out, en...

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Going Away for the Easter Holidays?


Everyone loves a holiday and planning and organising one can make it easy to overlook and forget where you are leaving to concentrate on where you are going! The last thing you want to do whilst you are away is worry about home and what you have left behind, so here’s a little list of things to tick off before you go.   Consider whether you get a house-sitter or leave the property empty. House-sitters can be found through reputable websites, but always check their testimonials.  They are an excellent idea if you have pets and, because you don’t pay them a fee – much cheaper than a cattery or kennel.  If you do engage a House-Sitter remember to let your Property Manager know their name and contact details and the dates you will be away.  Also provide your Property Manager’s details to your house-sitter should anything go wrong. Speak to your neighbours and let them know the dates you are away and provide them your contact details should ...

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Renting your Property - Furnished or Unfurnished?


Before you make any decision about renting out your property furnished or unfurnished – it is important to understand your Tenant demographic.  A typical suburban house suitable for a family is very unlikely to benefit from being furnished – in fact, it might prove a distinct disadvantage.  However, if you have an inner-city apartment, you might attract a corporate client who wants to have a property where they can relax, cook their own meals, etc. rather than staying in hotels for months at a time.  Very high-end furnished properties could attract celebrity visitors (touring musicians/actors) or company executives on short term contracts.  Alternatively – if your property is near a University, then a furnished apartment or house would be very desirable to overseas students or Tenants who have not yet managed to acquire their own goods. The options to rent out your property are: Fully Furnished and Equipped – All goods including key furni...

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An Easter Egg hunt with a difference


There is nothing better than the whole family getting into an early Easter Sunday Easter Egg hunt.  But, hiding and finding eggs in the Australian heat can be more difficult than in some countries.  Eggs melt quickly and unless you freeze them overnight – they can be liquid eggs by the time everyone has woken up to find them. So – here are some quick ideas for changing up your Easter Egg hunt – regardless of the weather! Hide tokens that can be redeemed for eggs. Example: each Blue token provides you with two caramel eggs and each Red token rewards you with a Lindt bunny. Have a list of games that the whole family can indulge in with prizes of Easter Eggs for the winner and however many runners up you want. Egg and spoon races, blind man’s bluff, 3-legged races, statues are all fun and easy games for kids of all ages. Have a night Easter Egg hunt using torches. This is great fun for older children. Arrange a space indoors that is clear of obstac...

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