A quality investment property in an urban location near transport, cafes, business and commercial premises is highly likely to attract an executive tenant.
Tenants seek out the same features in properties as buyers do: visually enticing, well-maintained, functional, close to amenities, transport and schools.
Many investors choose not to engage a property manager for their investment property, thinking once a tenant is under a tenancy agreement the asset will handle itself.
There are several legal scenarios that can arise from property management. However, LJ Hooker property managers are trained in making you and your tenants aware of the legal obligations of each party from the outset, minimising the chance of a legal issue in the future.
Landlords are responsible for water supply, but both landlords and tenants can be responsible for paying water and wastewater charges.
Law changes addressing the issue of meth contaminated houses could be on the way – if a new members Bill is selected from the Parliamentary ballot.
Landlords lose five weeks of rent per year on average - but those losses are set to decline, a tenancy debt specialist has said.
The changing rental environment means a different relationship is on the cards for landlords and tenants, says one law firm.