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What happens if my tenant stops paying rent? Having a dream tenant in your property is great. Everything is looked after as if it were their own home, and the rental payments always arrive on time. But what happens when your tenant stops paying rent? Hopefully, this isn’t a situation you’ll ever have […]
If your investment property is an apartment or unit, body corporate fees are one of your ongoing expenses. In newer developments, these fees will often be higher to cover the maintenance of luxury amenities such as pools and gyms. But the modern luxuries aren’t the only things that a body corporate will pay for […]
Who loves Tax Time? (and who groaned!) Can I let you in on a secret? We have a little short cut for our property investor clients. A little cheat, if you will. You know what it’s like when you’re coming up to tax time, and you’re trying to organise your paperwork. And you’re going through […]
Do you know how to calculate monthly rent? You might be thinking that monthly rent is just 4 weeks’ rent, right? But, if your property manager tells you this, they’re shortchanging you as a landlord. It’s a little more complicated than just 4 weeks rent, but it’s a figure you need to know if […]
Property Investors work with Professionals. The challenge with investing in property is that there are so many variables. And you can’t possibly be expected to know all the things. So, the most successful property investors have a few key professionals on their team: A mortgage broker – not just for the initial purchase of […]
What makes a successful property investor? There are 3 things I’ve noticed about the most successful property investors we work with. 1. They plan. 2. They work with professionals. 3. And they’re not afraid to spend money. Let me break this down for you. Property Investors Plan. This means that before they buy an investment […]
3 Tips for Getting the BEST Rent Prices on your Investment Property. Tip 1: Professionally edited photos. Get your Property Manager to organise professional (or professionally edited) photos. It’s not enough to use the photos you took on your phone when you first bought the house. It’s a tougher market out there, and you want […]
By Sally Shaw in Blog with 0 Comments
Are you tenants in rental arrears? Rent arrears policies explained below! Here at Property Wise Launceston, we pride ourselves on having a very tight rent arrears policy. As you can see in our video below, we feel all great agents will have this type of policy. Often this will be called a “Zero rent […]