What the term “fair wear & tear” means when it comes to making allowances for tenants
Some landlords question us when we tell them that we are required by law to make an allowance for fair wear and tear in their property. Unlike what you may think, this is by no means an excuse to let tenants get away with damaging your property.
The fact is, the older a property becomes and … Read the full post »
Roof Maintenance
From all reports, its going to be a wet summer. In processing many landlord storm damaged ceilings claims, flooring etc due to water leaks over the years, the majority of claims were not fully covered as the roofs had not been maintained. This included gutter and downpipe cleaning.
A well-maintained roof is essential for the security and safety of those living in your investment. A solid roof will keep your … Read the full post »
According to a recent report, the number of Australian renters will rise
A new report produced by researchers from Swinburne University of Technology, Australian home ownership: past reflections, future directions, looks at the levels of homeownership in Australia since World War II and what we can expect in the future.
Owning a property, for many Australians, is still one of the key things they want to accomplish in their life. It’s still … Read the full post »
New Smoke Alarm Obligations for Landlords
Landlords need to ensure that smoke alarms installed in their investment properties are in working order, correct location and the correct number for the size of the house. A penalty will apply for landlords who fail to comply by NSW Fair Trading.
At the beginning of every new tenancy and every year the landlord must:
• Ensure smoke alarms … Read the full post »
Tenancy Water Usage Charges
To charge a tenant for water usage in NSW your property must have the following water efficiency measures:-
• all internal cold water taps and single mixer taps for kitchen sinks or bathroom hand basins must flow maximum flow rate of 9 litres a minute
• all showerheads must have a maximum flow rate of 9 litres a minute
• at the … Read the full post »
The effects of COVID-19 on the property market may take some to be realised. Like everything else that’s affected, which is largely all parts of society, it can feel overwhelming to think about all the possible outcomes. This is why it’s particularly important in the current environment to focus on what you can do to look after yourself, your loved ones and … Read the full post »
Entering the property market with someone has many perks. You’ve got someone else to help you bear the burden of a deposit and repayments, plus you may have complementary skill sets and knowledge that makes the investment and management process easier. That’s not to say that there aren’t downsides whether it’s a spouse, business partner or friend.
Even if you technically own half … Read the full post »
The Benefits of allowing Pets in your Rental Property
It is becoming increasingly common for landlords to allow tenants to have a pet in their property. There can be many advantages and opportunities of allowing pets on the tenancy agreement, but before you decide, make sure you consider the following pros and cons.
Increase your chances of finding a tenant
In recent years, the percentage … Read the full post »
The Answer is Yes, Yes, Yes!
We hear the question, ‘Can I use my Super to buy a house?’, so often, we decided to put together this informative guide to answer that very question.
The good news is there are ways that superannuation can be used to buy a house. But before you jump on the phone to your super fund and demand all your money in crisp $100 notes, we have … Read the full post »
WANT MORE MONEY IN YOUR POCKET? DEPRECIATION IS THE KEY.
With the end of financial year just around the corner, now is the time to re -visit the tax advantages of owning an investment property. This includes arranging to have a tax depreciation schedule completed on your investment property.
Why is it important to have a tax depreciation schedule completed?
The preparation of a tax … Read the full post »
TREE DISPUTES – WHO IS RESPONSIBLE FOR WHAT?
Neighbourhood disputes are hard enough to deal with at the best of times but when your property is tenanted it makes it a little more difficult as the information is often second or third hand. Tree disputes can vary from minor issues such as a tree/branch overhanging your garden and needing pruning to large branches … Read the full post »
We’ll tell you why and how to sell your house this Winter
Are you sitting on the fence about whether you should be selling your house in Winter? You’ll find this article packed full of advice and tips. You’ll be climbing off that fence and pitching a for sale sign in your front yard ASAP.
Winter Vs Spring
Real estate folklore is that Spring is the season to sell. That if you want … Read the full post »