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For property investors, putting up their home for rent is a good way to secure another stream of income. The problem is, most new landlords fail to understand the complexities of renting out a property and often overcharge or undercharge tenants leading to more complicated issues down the line.
In addition to providing professional advice on how the market is performing, managing repairs and maintenance and collecting rental payments, your property manager also provides expert guidance in tenant selection.
Managing a rental property to your benefit, along with making sure the tenant's needs are met, is a difficult balancing act.
If you have just filed your tax documents for your investment property, make use of the recent experience and discussions with your accountant to plan for the next financial period.
What to ask a landlord before renting a house is very important to ensure that you stay there happy for a long time. We tell you the main questions to ask that form a checklist to look for when renting a house.
Statistics suggest Landlords are not increasing rents unrealistically. While there was a flurry of activity at the end of 2014 and the beginning of 2015, the past five months have seen only small increases in weekly rents.
Sometimes there are conversations that can be difficult and its human nature to try and avoid them but in doing so you may be creating more damage. An item that needs to be discussed within a rental home - Smoke alarms!
I have good tenants in my rental property. Do I still need a property manager?