As Property Managers here at ‘home’ we advise our landlords to secure Landlord Insurance to ensure they are protected from financial risk, however selecting a Landlord Insurance policy and provider that offers adequate cover is the landlord’s responsibility. Making an informed decision can be easier said than done.
Many of our landlords have strata titled investment properties so it is timely that we share new regulations that have been released this month.NSW Fair Trading has published the final Strata Schemes Management Regulation 2016, which will see more than 90 law changes start on 30 November 2016.
1. Documenting the Detail: Here at Home Specialist Property Management we take great attention to detail by conducting thorough inspections that include photos, video and detailed reports. “Documenting detail at the entry inspection via pictures and video in addition to the written report leaves no room for debate both on the tenant and the landlords behalf."
If you haven’t already done so, now is the time to review your property investment documentation and records. Ensure that all of your financials are in order for this year’s tax submission so that you can maximise your tax return.
This year’s event at The Erina Centre didn’t disappoint! Quick tax facts and the latest property market activity were shared by our local tax accountant expert, Gavin Swan. Renee Robins, Loan Market’s experienced mortgage broker taught us how to maximise our return when borrowing for investment and how to work out how much you can borrow these days given the recent shake-up of the loan market.
Following on from my previous post about ‘termination notice periods’ here I speak about ‘end of fixed term termination’. As a landlord it can be tricky to juggle tenancy leases and your changing needs and decisions for your investment property.
I was recently interviewed on our local real estate show "our house" on 107.7 FM radio station about the various termination notice periods that can apply within a property leasing arrangement and I thought this would be a great topic to cover here in my blog posts!
It may be the classic home maintenance issue of ‘the dripping tap’ or a door lock that plays up and the key gets stuck if you don’t jiggle it a certain way. These situations may be considered minor issues that are not interrupting your lifestyle within your rental home but they can suddenly become urgent or bigger issues if left unreported.
For any emergency repairs over the Easter Break...Our clients can contact our list of preferred tradespeople. What is an emergency repair? An emergency repair is generally not having services that are a necessity such as power & water, or a burst water pipe where the property is being extensively damaged.
Loads of active prospective tenants are on the hunt for a place to call home here on the Central Coast. We have over 200 active prospective tenants in our database looking for a home to rent on the Central Coast. With demand outweighing supply by a long shot, we are looking for more properties to list for rent.