Posts Tagged ‘rental property’

Property Investor News | Smoke Alarms

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.

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At the beginning of every new tenancy and every year the landlord must:
• Ensure smoke alarms … Read the full post »

Property Investor News | Water Usage

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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 »

Property Investor News | How to bullet-proof your investment property when the market becomes competitive

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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 »

Property Investor News | Buying Property with a Friend

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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 »

Property Investor News | Pets

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THE BENEFITS IN ALLOWING PETS INTO 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 »