Thinking about renovating this summer? Follow these tips to ensure your renovation adds value to your property. Consider hiring design professionals Before you begin to consider how big your project is likely to be. If you’re updating a bathroom or replacing a window or two you can probably manage without an architect or designer, but if…
Category: Landlords
Landlords are legally obligated to guarantee the safety of rented property and its contents under Australian common law. While the safety of tenants, neighbours and the public are of the utmost importance, there are also a number of other regulations specific to rental properties that stipulate the responsibilities of a landlord. These responsibilities include: Maintaining…
Once you’ve made the decision to invest in property the next step is to find the property that is right for you. Many factors come into play when making this vital decision. Consider the following before adding to your investment portfolio. Why invest? First up, have a think about your reasons for investing. Are you…
We get asked this question at Hayeswinckle Property Management in Geelong, by both tenants and landlords all the time, so in this blog, we are going to discuss it from both perspectives. Firstly Landlords The reason we recommend that you get a full bond clean done before you have your first tenant move into your…
Replacing tenants regularly is costly and inconvenient. You have to get the property ready to rent and pay agents to advertise the property, hold open homes, screen new tenants and deal with the loss of income that comes with a vacancy period. Once you’ve found an ideal tenant, retaining them becomes an essential aspect of…
If you own a rental property, you may need different insurance products than normal home and contents policies. This is because you are exposed to additional risks to your property such as accidental damage and misconduct by your tenants. By getting landlord insurance, you can protect yourself from a variety of costly scenarios with a…
Finding the Right Tenant Finding high quality tenants makes owning a rental property easy and stress-free. The right tenant will stay for a longer period of time, treat your property with respect and help maintain the property ensuring it retains its value. By finding the right tenant, your investment property can become a reliable and…
Knowing your rights as a renter at the end of a lease can be confusing, particularly if there are issues or conflicts with getting your rental bond back. Moving house is hard enough without a landlord created unwanted financial frustrations so it’s essential to know your legal tenancy rights. Always remember that the bond is…
Purchasing a home is one of the most exciting, but expensive, events in our lives. Learning how to be mortgage-savvy is one way to reduce the financial impact of the purchase, allowing you to save huge amounts over the life of the loan. This involves getting a good understanding of how much interest you will…
The end of financial year is a busy time for property investors, who must review their investments, check their records and put together receipts ready to lodge their return. As we mentioned in our EOFY article last year, tax time can be difficult and costly for investors if they are not clever about how they…