Property Management Update
price alone. Some policies only cover malicious damage by a tenant, but tenant damage is rarely classed as ‘malicious’.
Property investment surge could cause prices to fall The Reserve Bank (RBA) has warned that Australian property investment is getting ‘unbalanced’ and that speculation could lead to a correction. The RBA is concerned about house price growth in Sydney & Melbourne and its influence on investors and their construction activity.
susceptible if the RBA pulls the official interest rates lever. An increase in rates is not anticipated before the September quarter of 2015, however, excessive and growing use of ‘interest only loans’ could amplify the property price cycle, forcing the RBA to act sooner. Cover yourself
The RBA’s fear is that if there is a ‘significant reassessment of risk’ there could be a ‘sharp repricing of assets’. Naturally, investors overburdened with debt would be the most
Do you have a landlord insurance policy? There are plenty of substandard landlord insurance products on the market so never choose a policy on
fixed rate when interest rates are rising. Speak to your financial advisor for advice on your best strategy. Rental game changer?
The policy you choose should cover both accidental and malicious damage to avoid the risk of being left uncovered.
How would your investment property fare if your tenant were able to rate it on a website like TripAdvisor?
Ask us about the events a your policy should cover and we’ll be more than happy to help.
The Tenants Union of Victoria is using crowdfunding for a proposed ‘Rate Your Rental’ website.
Is it time to lock in?
The site could enable tenants to check your property’s rating before entering a lease. If successful, it would be likely to go national very quickly.
Interest rates are heading in only one direction, when they next move, and that will definitely be up. Whether you should fix your loan or leave it variable depends on the purpose of your purchase and your personal financial circumstances. For homeowners, it’s sometimes best to have a combination of fixed and variable components to your loan. For investors, it’s often desirable to take a
It would also cover things like outstanding repairs, heating and air conditioning, energy efficiency, and an overall rating. We’re always keen to advise landlords on how they can improve their property to keep it competitive. If you think your property could be improved, get on the front foot and call us for advice today.
Feature Property 6/21 Strathpine Street, Salisbury East
3 Bedroom Reverse Cycle Ducted Air Conditioning Entertaining Area Single Carport
$290 per week $1740 bond
Investigators seized 68 cannabis plants with an estimated potential street value of $136,000. No one was found at the home and officers would like to speak to the tenants or any witnesses who may be able to assist with their investigation.
Tenants flee cannabis crop Police are currently appealing for more information about the tenants of a New South Wales house who left without their $136,000 cannabis crop. Recently, the landlord of a house on Stanley Road, Lidcombe, visited his property to speak to the tenants, according to a police statement. After there was no response at the door, the landlord entered the home and stumbled across dozens of cannabis plants. Police were contacted and officers attended the house and executed a search warrant.
Anybody with information should contact CrimeStoppers on 1800 333 000. Production of drugs in rental properties is something that First National Real Estate’s property managers are always alert to. Elaborate operations have been identified in rental properties nationwide, so our property managers are trained to recognise the hallmarks of drug laboratories or unusual tenant behaviours. At First National Real Estate’s annual Property Management Conference last year, the Police provided a detailed presentation about steps Property Managers can take to work safely with police when they suspect something illegal might be taking place in a landlord’s property.
Recently Leased HYDE PARK 15 Park Street 3 bed 1 bath
INGLE FARM 11/38 Mataro Avenue 3 bed 1 bath 1car $315 pw MAWSON LAKES 10 Swan Circuit 3 bed 1 bath 1 car
PARA HILLS 8 Sundale Avenue 3 bed 1 bath 1 car
PARA HILLS WEST 47a Goodfield Road 3 bed 2 bath 2 car
SALISBURY PARK 85 Goddard Drive 3 bed 1 bath 1 car
Do you have another investment property we don’t manage? Ask us why you should consolidate your portfolio with First National.
Take advantage of your vacancy If you’re the owner of a vacant rental property, now is the perfect time to take steps to improve the appeal of your property. This will make it more competitive in the marketplace, meaning you’ve a better chance of attracting a new tenant, possibly a higher rent, and protect yourself from any rise in vacancy rates locally. By taking advantage of your vacancy, you’ll be amongst the landlords who achieve the higher returns in your suburb. Here are some tips to help you exploit your vacancy and improve your chances of getting rented again quickly.
Listen to feedback If there is a problem with your property, such as a broken appliance or absence of built-in wardrobes, it’s likely your tenants will have said something about it to your property manager. The key is to listen to your property manager’s advice and do something about it so you can make your property more appealing. Improve your rental It’s no use holding onto a rental property if you’re not going to maintain it. To attract tenants you must keep your rental property in good condition, stay on top of maintenance issues and freshen it up every so often.
Capital City Vacancies Vacancy rates rise and fall constantly. Here’s the national wrap up.
Hobart – 1.7%
Darwin – 1.4%
During your vacancy period, you should inspect your property and see if anything can be upgraded or repaired.
It takes very little time for us to arrange a painter and get the job done. Ask us for a quote and we’ll get onto it straight away.
A new dishwasher, oven or washing machine can make a huge difference.
Don’t forget, all your maintenance expenses are tax deductable.
Carpets are another area that see a lot of wear and tear over time. They’re quick and easy to replace.
Can we help you?
Would a fresh coat of paint make a difference?
Call us today to find out how we can make your property more competitive & assure a new tenancy is secured as quickly as possible.
Property Management Taylorâ€™s First National manages one of the largest Property Management Portfolios throughout the North and North Eastern suburbs of Adelaide. We employ full time Property Managers, a Maintenance Co-ordinator, a Property Inspector, an Accounts Manager, a Sales Investment Consultant, plus administration staff and a full team of Maintenance Contractors to ensure all properties are managed in a professional manner. Our fully computerised and online banking system allows us to monitor where rents are paid to at the push of a button, hence ensuring landlords investments are returning their maximum potential. We are firm believers in the value of Real Estate as long term investment and through our guidance, many of our landlords are now multiple property holders. Whether you are investing in Real Estate for the first time, or are an experienced investor, we can assist you in building a rental portfolio and creating wealth through property investment. Why not PHONE US TODAY and speak to one of our property management team.
Are You Looking To Expand Your Investment Portfolio? Below is a selection of some of our properties currently on the market.
To view all of our properties, visit our website at www.taylorsrealestate.net.au
CRAIGMORE, 27 Yeovil Circuit ALL THE SPACE YOU CAN USE Move straight in with nothing to do, 5 good size bedrooms, master with walk-inrobe and ensuite, 3 with built-in-robes, study/computer area, well equipped kitchen with gas appliances and pantry overlooking an expansive dining and everyday living area, centrally located bathroom, neutral colour scheme, fully tiled through main traffic areas, ducted heating and ducted cooling, huge undercover paved entertaining area, double garage with auto roller door and internal access to the home, gated double length car port and access through to rear yard, tool shed, rain water tank, low maintenance gardens, security shutters and alarm system, 675m2 block.
Gavin Armstrong 0408 802 350
PARALOWIE, 33 Metala Road BIG UNIQUE HOME PLUS BIG SHED This unique home features large family room, big kitchen with gas hotplates & walk in panty, separate lounge, big main bedroom with built in robes, bathroom with a double spa bath, two rear bedrooms with built in robes and two-way ensuite, courtyard, gas heating and ducted cooling. Outside is a pitched pergola fern garden entertaining area, carport and a massive 6m x 12m x 3m shed with power. Located adjacent to reserve with playground.
Tim Schwarz 0448 884 599
Published on Oct 23, 2014