Property Investor Newsletter Nov-Dec 2017
In this newsletter we cover important property management topics to keep you informed and maximising your rental income and optimising your capital growth.
Property Refinancing Made Easy
The clever investor knows that assessing their investments regularly is the key to identifying opportunities to build wealth. Knowing when to refinance an investment property can be vital to a successful growth strategy. Is now the time for you to consider refinancing? Is your current rate competitive?
Despite recent tightening around investor lending, interest rates are at their lowest in 50 years and there are some great rates available...
Rent Arrears Are Our Number #1 Priority
December is often notorious for tenant rent arrears due to the holiday season and increased spending. The astute tenant will budget and have the funds to remain in advance with their rent. However, we do find a small number of tenants who struggle to meet their rental payments during this time.
We do understand that rent paid on time is a priority and you can be assured that we are very proactive at this time of the year to minimise any financial pressure to our landlords.
School Zones A Popular Choice
Investors often want to know the secret to buying a rental property that will be in demand, attract quality tenants, minimise vacancies, provide a good short-term return (highest possible rent) and increase the long-term asset value of the investment.
What tenants want will depend on many factors specific to their needs. However, research has shown that location, nearby amenities and transport, safety and security, parking, presentation, good state of repair ready to move in, appliances included, age of property, open floor plan, adequate storage, outdoor space, little extras included (pool, lawn and garden care), air conditioning/heating, pet friendly, NBN connections/Internet and a good landlord that is willing to act quickly on maintenance requests are the key deciding factors...
What Is Fair?
Fair wear and tear continues to be one of the biggest challenges we face when a tenant vacates the property and is the leading cause of disputes at the end of the tenancy. The term is not specifically defined in the Act and provides no examples, which leads to the interpretation becoming complex. What is considered fair to a landlord or a tenant is a grey area and if an unresolved dispute arises, it will often lead to a tribunal court hearing decision.
Fair wear and tear is what happens during the normal use of a property taking into consideration the age of the property, the term of a tenancy and the number of tenants residing at the property...
What Happens If Storm Damages House Before Settlement?
IN QLD extreme weather events, such as cyclones & flood impact are regular occurrences & this raises a serious question around property sales & transfer of risk: “What happens if my house has sold but not yet settled & a cyclone damages or demolishes my house? Does the sale still go ahead & who pays for the damage?”
According to the standard terms of the REIQ Contract of Sale, risk transfers to the buyer at 5pm on the next business day. So, if the contract was signed at 2pm on Monday, April 10, the risk transfers to the buyer at 5pm on Tuesday, April 11...
Christmas Office Hours
- Sat 23rd Dec - Closed
- Mon 25th Dec - Closed
- Tues 26th Dec - Closed
- Wed 27th Dec - Open
- Thur 28th Dec - Open
- Fri 29th Dec - Open
- Sat 30th Dec - Closed
- Mon 1st January - Closed
The office will re-open as normal on the 2nd January 2018.