Archive for the ‘Education’ Category

Extended periods of vacancy for investment properties

What do you do if your property appears to be having an extended vacancy period?
Initially see what’s happening in the neighbourhood at that specific time? The market is largely about supply and demand so the numbers around this are critical.

1. How many comparable properties are competing at that point in time?

2. How’s my property being marketed and how many prospective tenant’s are seeing it? What … Read the full post »

As a landlord, should you increase the rent?

Here’s a question we get asked all the time, here at Garry Dunn Property Agents. “I’ve had my property leased to the same tenant for a couple of years and they have just asked for a rent reduction, I was hoping to put the rent up – what do I do?”

In a changing market where vacancies increase, there is sometimes warranted pressure on rental yields, … Read the full post »

Before renting out your property, consider these 5 elements first

As a new or existing property investor, did you know that there are 5 key elements that you need to consider before renting out your property.
If you do your research and employ an experienced professional this can go a long way towards a smooth transition and ensuring your property complies with legislation.
Lets quickly go through them

1.Does your property comply with relevant legislation changes? … Read the full post »