The best approach to selecting your tenant, would be to take the emotion out of the decision, view it as a business transaction.
Urgent repairs are often a hot topic as the definition often means one thing to a tenant and another to a property investor.
The definition of an urgent or emergency repair are set out in legislation which mandates what constitutes an emergency repair and who is responsible for arranging and paying for the repair.
Ten Tips to Rent Out Your Property
Renting out your investment property can be a stressful time especially when market conditions are slow and there is a lot of product on the market to compete against.
Here are our top 10 tips that will assist in ensuring your property will attract the most enquiry, meet legislative requirements, attract the highest rent and minimise your vacancy period:
Whilst having the best Property Manager is one step closer to ensuring your investment is well cared for it is strongly recommended that you take out an appropriate landlord insurance cover to manage other risks associated with owning an investment property that cannot always be foreseen.
Looking for a new investment? Why not check out some of our latest listings that our Property Management team feel will make great investments.
The Residential Management Team at MMJ Wollongong are keeping a close eye on updates provided by the Real Estate Institute of NSW along with the Department of Fair Trading and focusing on how best to implement these changes when they become necessary and keeping all our clients updated throughout the process.
Sydney rental vacancies remain steady, while Illawarra sees greater fluctuation. The June REINSW Residential Vacancy Rate Report reveals no change in vacancy rates across wider Sydney, with only minor changes in Inner (up 0.3 per cent to 3.4 per cent), Middle (up 0.1 per cent to 3.4 per cent) and Outer Sydney (down 0.1 per cent to 3.5 per cent).