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Maximising rental return with simple, cost-effective preparation.

Preparing your home for rent is crucial as it can secure quality tenants that you can trust living in your investment property. Finding quality tenants first starts with a nicely presented and well-maintained property. Attracting high-quality tenants result in higher rental yields. As well as having appealing presentation, there are some things you can do to increase your property value…. Read the full post »

Detach yourself from your investment property
Property investment has come a long way from the days when a landlord managed his own property, door knocked for cash rent and did his own repairs.

The key to successful property investment is to treat it as a business. This means emotionally detaching yourself from the property.

This may mean ensuring you do not form a talking relationship or friendship with your tenant. Leave this up … Read the full post »

How often will we conduct a routine inspection?
An important part of keeping your property in good condition at all times are routine inspections.

Inspections are an effective way for your property manager to view any maintenance requests in person and check that your tenant is looking after your property.

Timing
The legislation on when routine inspections should occur differs from state to … Read the full post »

Smoke Alarms & Landlords
It is the responsibility of the landlord to ensure smoke alarms are in working order and meet the requirements of Australian Standard 3786, Building Code of Australia and NSW Residential Tenancy Act 2010.

It is law that the landlord must:
• Service smoke alarms annually.
• Ensure all smoke alarms are functioning at all times.
• … Read the full post »

Which is the best investment –an old or new property?
It can be quite a daunting task to try and evaluate what property to buy when building up your investment portfolio. Do you buy new properties or old properties?

Do you buy a unit or a house? Do you buy in an established area or a new development?

Of course all of the answers to these questions can only be answered … Read the full post »

How to maintain the value of your investment property
Rental homes should never be set-and-forget.

What shape is your investment property in? If it has fallen into disrepair, you could be set to lose out in the long term.

As an investor with a budget that is stretched to the limit, you may feel as though you’re saving money by avoiding regular maintenance. However, this is false economy. The longer … Read the full post »

What is a Vacancy Rate and why is it important?
The term ‘Vacancy Rate’ is heard quite a lot in property talk – but surprisingly few people actually know what it is or how to calculate it. The vacancy rate of a suburb or area is the percentage of properties that are vacant, out of the total number of rental properties.

Simple, right?

In general, the vacancy rate across many … Read the full post »

3 common investor mistakes to avoid

Not increasing rents

Many property investors fall into the trap of not increasing the rental price when renewing a tenant’s lease. If you do this, you can end up in a situation where you need to increase your rent by at least $50 to catch up on past stagnant rent prices. When your leases come due for renewal, consider increasing the … Read the full post »

From the Property Management Team at Guardian Realty we would like to wish you all a beautiful Christmas and a bright and happy 2022.

Guardian Realty will be closed from Wednesday 22nd December at 5pm and will re-open 9am Friday 7th January 2022.

During the office closure we ask that you refer to your Residential Tenancy Agreement for any urgent repairs*.

Electrical repairs: Contact Electrics/ … Read the full post »

Unless you’re qualified or experienced, it’s best to leave fix-it jobs to the professionals.

With the onset of the pandemic, more and more people have been turning to DIY as a way to kill time during lockdown.

Taking care of jobs on your own can seem like a cheap and reliable way to fix up your home or investment property. However, while a DIY job might seem like a cost-effective idea, there … Read the full post »

Behind the scenes: What happens at a Routine Inspection
What are property managers actually looking for?

Using a property manager is a smart move if you own an investment property and don’t have time to handle tenant queries, chase down payments or ensure the home is in good shape yourself.

One of the most important tasks property managers take care of is rental inspections. Here’s what an inspection involves:

Conditions … Read the full post »