Maintenance, damage, pest control… when it comes to who’s responsible for what, there may be some grey areas. Here we take a look at what you can do to avoid a potentially messy (and costly) rental situation. The garden The tenancy agreement must state who is responsible for the upkeep of a garden. Generally, unless.

You’ve sorted the finance, signed on the dotted line, and the keys to your investment property are in your hands. After you’ve popped the champagne and celebrated, now what happens? Here are the next steps to becoming a successful landlord: Health, safety, and minimum standards Rental properties come with a number of health and safety.

We take out insurance to give us peace of mind so we are covered should the unexpected happen, however, there are some things which landlord insurance won’t cover. Insurance companies do need to strike a balance between providing cover for the most common landlord risks while keeping their own risk manageable and policy costs affordable;.

Sometimes referred to as ‘capital works deductions’ by ATO, many property investors think depreciation only applies to new properties. However, investor owners of older properties, shouldn’t be so quick to dismiss it, as they could be missing out on some of the associated tax breaks association. What is depreciation? Depreciation is calculated and projected (or.

No matter how unlikely the event, accidents do happen, people do get injured and property does get damaged; this is why we take out insurance for our assets. Insurance also helps cover costs associated with liability (legal responsibility) for damage or injury caused to a third party. However, insurance can be complex and there are.

With Anthony Albanese PM recently announcing sweeping housing reforms, describing the changes as ‘most significant in a generation’ the spotlight is definitely on the housing crisis. While rental affordability is impacting many, and as a result impacts housing supply, the cost of living is affecting everyone – landlords included! There are 2.2 million family investors.

There is sometimes a bit of a grey area over who’s responsibility it is when it comes to pest control; if pests, such as cockroaches, mice and rats were present prior to the start of a lease, it’s the landlord’s responsibility to take care of the problem before the tenant moves in. A tenant is.

Rental yield, the term used by investors to calculate the return (ie the money in your back pocket) they will get on a property, is probably the most important aspect of property investment. No-one invests in property with the intention of losing money, so calculating the rental yield on a property is one of the.

If you live in, own or manage a rental property, or are interested in renting rules in NSW, it is vital you give feedback on the NSW Government’s proposed rental laws discussion paper before the consultation closes tomorrow, Friday, 11 August 2023. Everyone deserves a home, and while, the housing crisis is worsening and must.

If a friend asks you to lend them $50, you probably won’t be too fussed as to when they pay you back, but if they ask for substantially more, you may be a little more cautious and ask a few more questions about the repayment before putting your hand in your pocket. Financial lending institutions.