With the aim of improving the rental experience in NSW, the draft Residential Tenancies Regulation 2019 (NSW) has recently been open for Public consultation. The proposed amendments put forward, which still may change, will have an impact, some more than others depending on the type of investment property you have. Recommendations include new minimum standards.
From hard-wearing carpets and ceramic tiles to vinyl and laminate there is now a whole range of different types of flooring for properties. But what should you put where and how do you decide? Here are some general points you’ll need to consider when looking at flooring for your investment property: Price As always, you.
Keeping your tenants safe and your property legal is all part and parcel of being a landlord. The NSW legislation on smoke alarms is very clear – alarms must be installed in all buildings in NSW where people sleep. The smoke alarms must meet the requirements of Australian Standard AS 3786, Smoke Alarms. While the.
When a tenant moves into a property, part of the agreement is they are responsible for the care and upkeep of the property, and it needs to be at a certain level of cleanliness. The landlord meanwhile is expected to maintain the property, ensuring it is safe to live in and everything is in good.
If you’re new to property investment, you may not have heard the phrase rental yield. This is the term used by investors to calculate the return they will get on a property. How to calculate rental yield There are two types of rental yield: Gross rental yield Gross rental yield is the annual income (rent).
Taking your first steps on the property investment ladder? Or perhaps you’re reviewing finances to make sure you’re getting the best bang for your buck. We don’t believe you should scrimp on insurance cover, but we do believe in shopping around, comparing prices and checking out special offers. Which is why we thought we’d save.
While there is talk of a depressed market, and some people are holding back, we believe a smart investor knows that the perfect time to buy is when others are not….. The canny investor can find themselves some good bargains if they think a little bit laterally and think beyond the usual four walls and.
We believe landlord insurance is an absolute must when it comes to your investment property and its worth doing your homework and checking what is and isn’t covered, the amount covered and what your excesses are. Some insurance companies offer a combination of both home and landlord cover, but they may not provide adequate cover.
Commercial property does offer some fantastic investment opportunities, and we know investors who diversify their portfolio by investing in both residential and commercial. Tenants and landlords of commercial properties are governed by the Retail Leases Act 1994 and while some aspects of both types of lease are pretty much standard, (such as the term of.
A room for let in a Sydney house has recently hit international headlines when the landlord stated it was for shift workers and tenants were required to ‘bed-hop’ and there was what appeared to be the house rules scrawled on the wall and a number above the bed! There’s a little bit more to being.