Residential Lease Renewals Our Guide to the Pros and Cons NSW real estate agencies do not tend to renew leases with current tenants as a matter of general practice yet it is common practice in other states. Why is there a difference between States? It has been a ‘cultural’ thing to only renew leases where.
REINSW Media Release – Underquoting law reforms passed The overhaul of underquoting laws will come into effect on 1 January 2016, after the bill passed the NSW Parliament yesterday (13 October 2015). The new laws will help clarify how agents should market properties, according to the Real Estate Institute of NSW. REINSW President Malcolm Gunning.
Our investor clients often ask when is the best time to renovate their investment property. Experience tells us that the best time to renovate is when the property is vacant, however some renovations can be done with tenants still in the property. Obviously, this is dependent upon the renovations to be undertaken. Renovations undertaken during.
The GFC, record levels of world debt and smashed major commodity prices have all greatly impacted on how we invest our money; what worked 30, 20 or even 10 years ago probably won’t give the same results in today’s economic conditions. Today’s digital era and globalisation has brought about new ways of thinking and investing,.
Regardless of what property investment stage you’re in, starting out, reviewing or expanding your property portfolio, establishing clear and achievable goals is the key to success. Setting goals will give you direction and motivation, and the inspiration to keep working towards them. The shrewd property investor sets realistic goals, and then develops a clear plan.
Things you can do to Reduce Vacancy Rates and save lost income A vacant property means lost income for all property investors. To reduce extended vacancies, property investors can observe the Three P’s: Price, Presentation and Promotion. Price – a rent increase is always pleasing (for the landlord), but when your tenant gives you notice.
Processing an application for tenancy is a basic role of your property manager who will recommend the best applicant for your property. In addition to the information that your property manager provides regarding applicants, consider asking your property manager more about the applicant applying for your property, including: Have employment references been checked verbally and.
What makes a better investment – a house in the suburbs or a centrally located unit? As the great Australian dream is pushed further and further out of reach for many people, renting is their only option. Poor affordability is continuing to lock tenants out of buying their own property. While this is disheartening news.