OUR TOP 10 TIPS FOR YOUR PROPERTY
- As the landlord, you are our number one priority and have the final say.
- As your managing agent our focus is to keep you updated on what is happening with your property. We will present you with the facts and then take your instructions.
- It is essential to keep updated on legislation requirements and know what you can and cannot do, which we will guide you on.
- Think ahead and be prepared when you know a tenant is going to vacate the property. Are there any renovations, repairs, or maintenance that you can schedule while the property is vacant?
- Effectively advertise the property. Modern-day technology makes it easier to market a property online with professional photos, floor plans, virtual tours, and virtual staging. Investing extra time and money into advertising your property will ensure that it stands out over your competitor properties, rents faster and achieves the highest possible rent.
- Plan for the unexpected. What if a major repair is required or the tenant vacates without notice? Can you financially manage? Take the time to think about the unknown.
- If you don’t have an investment budget plan, create one now.
- Make sure that you have landlord protection insurance. For such a minimal tax-deductible fee, you will have added peace of mind.
- Keep up to date and in the know about your local market. If you have not conducted a recent online property search of all similar properties to your investment, act now and compare current rents and sale values.
- Ensure that you read your end of month statements and have a good accounting filing system to track your expenses and invoices.
- Go the extra mile to delight your tenant and show them that you care. A tenant who feels respected will go the extra mile to care for your property and do the right thing.
