A hoarder tenant can be challenging to manage. They are generally identified when property managers conduct property inspections on behalf of the landlord. It can be quite a stressful experience for all parties involved. In this Market Insight, we highlight some points that can be adopted to protect your investment property without infringing the personal rights of your tenant. Firstly it is...
There is nothing worse than experiencing the loss of a life. If you know the person or not, nothing is more precious than life. However in this article we take a look at the financial perspective of a landlord’s interest in the event their tenant passes away. It’s the last thing any landlord wants to think about, but if you are investing in property for the long term, there is a possibility that a...
Depending on where mould in an investment property can be an issue all year round. In this article we explain some general points to help avoid the build up of mound in your investment property. What is mould? Mould and mildew are a form of funghi. They thrive and grow with built up moisture. Overtime a property may get damp, dark and poorly ventilated. This often occurs in wet areas of a home including...
When entering a rental agreement a tenant intends to live in the property for a while, usually more than twelve months. However due to change of circumstances, it’s not uncommon a tenant wants to break a lease early. In considering this, it’s important to understand the proper way to break your lease. A rental agreement is a contractual agreement that is set on a fixed term. This is a legally...
When a tenant signs a lease it’s normally intended that they want to live in the property for twelve months or more. It’s often a common experience to see a tenant continue renting beyond the first twelve months but they go on a month-by-month lease. It is understandable as circumstances can change at it provides the tenant with the flexibility to leave the property on short notice. However during a...
It doesn’t matter where you buy your investment property or what type it is. Unfortunately bugs and other pests look to make it their home too. When bugs and other pests find their way into your investment property, they can quickly cause havoc. The landlord and tenant can often enter into conflicting conversations. Who is responsible to rectify the problem? At whose expense? Who is responsible for...
When buying an investment property, many choose this type of asset as it not only appreciated in value, it also earns us a regular income through rent. To further benefit your investment returns, retaining a long term tenant goes a long way. Here are some tips to keep a happy tenant. Prompt maintenance This is a very influential service. Tenants are often disappointed with the lack of response from...
How to prevent condensation this winter t's critical to maintain your investment property. It attracts good tenants, but also influences the income you earn (rent) and the capital growth over time. Certain parts of the year can require your attention. Melbourne is certainly in the middle of the winter season and the weather has been very cold. One sneaky concern arises with these cold mornings, and that's...
What does a property manager look for in a tenant? Many people have at some stage leased a property. You may have had an application miss out to another tenant or perhaps been declined. Successful investors leasing property know that a Property Manager does there due diligence to source the best tenant available. Melbourne vacancy rates remain low as the population growth increases. It’s not uncommon...