An outgoing inspection, the inspection done once a tenant has vacated the property is in many ways more important than an ingoing inspection because you only get once chance to inspect the property for the consideration of the bond refund so it needs to be done right. A quick walk through will easily miss hidden... continue reading.
Every season brings new challenges to the property management industry and in winter it’s dealing with tenants tampering with fuse wires. It happens – tenants will replace fuse wire within circuit breakers with something harder wearing like copper wire. Yes it is malicious damage to the property Yes it does pose a danger to the... continue reading.
A question I often get asked in property management is “can I get more rent if I add furniture” The answer is not a simple yes or no and the wrong property furnished can mean that you minimise your market instead of attracting more rent. Tenants will ask you to remove the furniture and an... continue reading.
I’m not going to post here things that you can quickly search on the internet – ie “a tenant needs to be given a breach notice if they are over 14 days late in paying the rent”, they then need to be followed up with an order for vacant possession if the breach has not... continue reading.
Once a good tenant is sourced, regular inspections need to be conducted on the premises every three to four months to ensure that the tenant is maintaining the property. Inspections cannot be done more than once every 3 months by an agent or landlord and tenants need to be given appropriate notice before entering the... continue reading.
Claiming expenses on a property can be done in several different ways and property investors should know what to claim as wear and tear (through a depreciation schedule) and what to claim as tenant damage (directly through tenant via bond claim or insurance). Many times investors will get the two confused and try to claim... continue reading.
When a tenant vacates a property, an outgoing inspection report is done. It’s clear that any outstanding rent and water invoices need to be either paid by the tenant or claimed from the bond. It is also clear that when something is broken it needs to be fixed, but how do you deal with a... continue reading.
Councils have noticed that the best way to handle graffiti vandalism is to not tolerate it. If you take action quickly and remove graffiti as soon as it’s done, it sends a message to the perpetrators that we are not going to tolerate this, do it all you want but we are just going to... continue reading.