True Property Management

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What do tenants actually want in a rental?

What do tenants actually want in a rental?

The thing about being successful in business is giving your customers what they want. Being a landlord is no different. Every city and suburb are different, so tenants will be looking for various things. Warm areas want A/C and cold areas want a fireplace or sufficient heating in winter. Backyard entertaining area We all love the outdoors and having a great entertaining area in the garden will…

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Tenant not paying rent? Here's what to do.

Tenant not paying rent? Here’s what to do.

When you go to a job every week, you can expect to get paid. And the same applies when you rent our property out. When you own a rental property, a tenant not paying rent is one of the most severe issues you may face. It is important that you deal with it as early as possible. Give them the benefit of the doubt If your tenant is a few days late in paying their rent, send them a reminder letter of…

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Tenants giving you headaches? It might be time to evict them

Tenants giving you headaches? It might be time to evict them

As a landlord, you will have the best tenants who pay their rent on time and respect you and your property most of the time.

Every now and  then, you may have genuine reasons for ending your contract, such as you have sold the property and the new owners plan to live there themselves.

But what is not acceptable, are those tenants who don’t pay their rent, trash the property, are disrespectful to…

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3 tips to being successful at a property auction

3 tips to being successful at a property auction

When you want to purchase an investment property, whether it is your first time or if you are a seasoned expert, it is always a good idea to check out local auctions to try to snag a great deal. Here are three tips to being successful at an auction.

Have you done your research?

Always research the market you want to buy in and talk to Agents and other experts to make sure you go into the auction…

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Do you have different leases for different tenants?

Do you have different leases for different tenants?

Tenants moving out is always stressful. Landlords worry about how the rental will be left, and tenants just want to get their bond back.

Your lease agreement states that the tenant should leave the property how it was when they moved in, except for ‘normal wear and tear.’

But what does that mean?

Tenants think that landlords charge for every little scratch and owners believe that tenants aren’t…

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Invest in your future and buy a rental property this summer

Invest in your future and buy a rental property this summer

Will you be taking time out and hitting the beach this summer? The real estate market slows down over New Years so if you are looking to purchase a rental, this could be your opportunity to find a great bargain. If you don’t own and investment property yet, it’s easy to get overwhelmed with so much information out there.

Here are a few points to consider:

What’s your financial situation?

What…

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What does a property manager actually do?

What does a property manager actually do?

Many new landlords buy their first rental and think they can manage it themselves. And they often do, but then life gets in the way, and you start to fall behind. Or maybe, you buy a second rental and the workload piles up. Property management is a full-time job. We know! We live and breathe it every day.

If you are a business person, you’ll know that success comes when you start…

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Attract amazing tenants to your rental by doing these 5 things

Attract amazing tenants to your rental by doing these 5 things

The purpose of investing in property is to make money, and you can increase your income by adding value to the property over time. This will allow charging more rent, and if you want to sell in the future, you will get a much higher sale price.

There are a few things you can do to increase the value of your property that will attract better tenants and allow you to charge more rent.

Kitchen and…

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3 questions to ask before buying an investment property

3 questions to ask before buying an investment property

It’s buying and selling season. The spring and summer months are always busy for real estate.

If you’ve been thinking about getting into investing, the next few months are the perfect time to start.

A buyer’s agent is your best friend when it comes to negotiating a price for a property, but if you have decided to do it yourself, there are a few key things to keep in mind.

I’m sure you’ve looked…

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Landlords, what do you look like to your tenants?

Landlords, what do you look like to your tenants?

You have bought an awesome rental property, and now you need to fill it with an equally awesome tenant. Someone who will take care of your property and stay there for some time – great tenants are attracted to properties with specific qualities.

How do you come across to your tenants?

If you had a shop and customer was looking at a $15,000 item, how would you treat them?

If your tenant is…

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Will you rent your property out with furniture?

Will you rent your property out with furniture?

As a new landlord, will you rent your property out as furnished or unfurnished? Both have good and bad points which owners need to consider. Think about the functionality and purpose of the property, the current rental market, and who your ideal tenant is.

Fully Furnished Rental Units

Furnished units can charge higher rent, and they have a lot less competition. However, landlords will need to…

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What should I look for in a property management company?

What should I look for in a property management company?

Having excellent property management is essential for your investment. The owner should not need to worry about their rental at all when they hire a property manager. Here are some things to look for to make sure your property is in good hands.

Tailored fee structures

Most property management companies have a fee schedule in place. The ability to tailor this feed to meet your individual…

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How to snag a deal when it comes to investing in property

How to snag a deal when it comes to investing in property

One essential element to being a successful property investor is getting to the property before the competition and snagging it for under market value.

But how do you do that?

It all comes down to planning.

Research and Planning

You need to do lots and lots of research! The numbers don’t lie, and you need to have accurate historical data to make informed decisions. Some areas you need to cover…

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Would you let your tenants renovate your rental?

Would you let your tenants renovate your rental?

By letting your tenants make the house their own, they’re more likely to be happy tenants and stay in your house long-term. However, you might open the door for them to make other (unapproved) changes, which means you could spend more time and money fixing them when they move out.

There are a few pros and cons when it comes to letting your tenants make improvements to your property.

  Pros:

Ther…

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Do I really need to hire a property manager?

Do I really need to hire a property manager?

Congratulations! You are now the owner of a brand new, shiny rental, and now you’re excited to get things going. It’s likely you’ve overspent your budget, or perhaps you need to take care of a few renovations before your tenant can move in, so you figure you don’t need a property manager, you can save money and do it yourself. How hard can it be?

Most landlords assume the toughest part will be…

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6 steps to resolving tenant complaints

6 steps to resolving tenant complaints

Do you consider yourself a good negotiator?

As a landlord, at some point, you may be faced with issues that need solving. So here a step-by-step guide that might help you figure things out with your tenants.

Step 1: Give tenants the benefit of the doubt

Believe that you have good and fair tenants. If you expect that your tenants are going to be irresponsible, then you will probably have issues…

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How regular maintenance can improve your ROI

How regular maintenance can improve your ROI

To make sure your investment property gives you a return on investment, you have to keep an eye on things and fix breakages as soon as they happen.

Tenants are entitled to live in a safe house. And it is in your favour too – if you don’t keep your rental in good condition then you will struggle to find great tenants, and you will end up losing money.

What do you have to do?

 What does your ideal…

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