Archive for the ‘real estate’ 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 »

Why do you need Landlord Insurance?

Owning an investment property should be a rewarding experience, but tenant trouble or plain bad luck can turn it into a drama if you don’t have the right insurance cover.

From the day your tenant moves in, both you and your Property Manager are restricted in how and when you can control them. Life events affecting them, such as job loss or illness, can lead to their defaulting on rent … Read the full post »

What to do on Settlement day?

You’ve been looking for months, attended auction after auction and finally secured a winning bid on your dream property.

Between the celebrations you try to wrap your head around everything you need to organise – insurance, removalists, conveyancing – the list seems endless.

Before you’ve had a chance to catch your breath it’s settlement day.

If you’re feeling less than settled at this point, you’re not alone. Home buyers can be prone to … Read the full post »