One to two sentences on key items in the newsletter. I.e. Wow, so much has happened in the last month.
We have developed a great new tool for you to check the health of your investment property in minutes. And the legislation, whoa! There is a lot to learn about this month as one of our savvy Collective property investors.
May 1 – May 30 2021
Vacancy rate
Visitors
through open homes
New tenants signed
Average rent
ACT median house price
ACT median unit price
The lucky attendees of our Canberra Property Investment Evening on the 12th of May got the opportunity to hear directly from property investment experts - Performance Property Advisory. They revealed the most up-to-date predictive data on investing in the Canberra property market. Here's an overview of the info that was covered at the event.
If a tenant requests a pet, a lessor cannot unreasonably refuse the tenant’s request.
Learn more >Important industry body. Driving conversations with government and lobbying government to try to drive and change and consult on sensible legislation for investors tenants. Agenda in an article. .
Read more >This is the time of year when tenants start cranking up the heating. If your heating system hasn’t had a service in over 12 months, you could be facing some high costs if it breaks under pressure.
By high costs we mean anywhere from a few hundred to thousands depending on the system. And now that heating issues are included under legislation as an urgent maintenance call out, this will add to the bill. Remember property maintenance is a tax-deductible expense, so get it done now and claim it back at the end of the month.
Hot tip: If the heating system is under warranty, you will typically need to be getting it serviced every 12 months to maintain the warranty.
Are you a property owner eagerly waiting for the perfect tenant to come along? We get it – finding the right tenant for your investment property is crucial, but waiting too long can be counterproductive. In today's rental market, timing is everything, and hesitating to respond to tenant applications promptly might lead to missing out on a great tenant. Here are some 5 practical tips to ensure you secure your ideal tenant before someone else does.
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Get into the market by becoming a “rentvestor”. It's where you purchase a home you can afford and rent it out. You then rent where you want to live while reaping the benefits of being a landlord and property owner. It can be a great approach for young couples and families who are not ready to quit living where they love but are laser-focused on owning real estate.
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As a property investor, you have options when it comes to the length of the lease you ask your tenants to sign. The aim of the game is to get the highest return from your rental property and choosing the right type of lease can make a bigger difference than you think. There are three main types of leases - short-term leases, long-term leases, and month-to-month leases. You might be surprised to learn that there is a growing trend towards long-term leases and for good reason.
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