You’ve just bought an investment property and excitement and anticipation is high. But with your short-term bank balance possibly in the red, you may be tempted to disregard landlord insurance. On the other hand, you’ve bought this property to enjoy greater financial security, so why risk not having extra cash protection?
The healthy homes standards came into effect on 1 July, 2019, outlining the responsibilities of landlords or rental property owners in improving and maintaining the quality of their property. While the standards help to ensure better and healthier homes for New Zealand renters, it can be a lot of work for landlords in the short-term. However, investing in making your property healthy now means less maintenance in the long run.
The services that we, as real estate agents, provide when managing your rental property aren’t just convenient for you as a property owner, they’re also very valuable. Renting out a property requires a high level of commitment and a lot of work. Here are some of the value-adds you can get by having a real estate agent manage your rental property.
Is it worth spending the time and money to get a strata inspection report before you make an offer on a property? We explain why a small investment in a strata inspection report could give you a lot of peace of mind.
A sinking fund is an essential pool of money established by the owners’ corporations to cover the costs of future maintenance expenses of a strata building. In a strata building, such as a block of apartments, there are a range of expenses which include the repairs and renovations to common areas that need to be planned for. The costs of these works cannot be imposed on any one property owner alone.
You’ve heard of a strata manager, but what do they actually take responsibility for? And is their role the same as that of a property manager? While they might be similar, strata managers actually have a very complex role to play in managing a block of properties.
The Australian Capital Territory government announced an investment in a mediation service, designed to help resolve disputes between landlords and tenants who are struggling to meet their rent repayments due to the Covid-19 pandemic.
With the real estate industry being impacted by the changes of the global Covid-19 pandemic, AirBNB and short stay holiday rentals have taken a significant hit. University of Queensland’s Thomas Sigler, studied the Airbnb market, finding at any given month prior to the pandemic, Australia had between 100,000 and 130,000 dwellings listed as AirBNBs, with listings growing by around 2-3 per cent per month.
Queensland’s government has unveiled a Practice Guide, formalising the temporary requirements and protections for tenancies impacted by the Covid-19 pandemic. The Practice Guide was published to help property owners and their tenants in their discussions to negotiate a way through the next six months while there is a moratorium on evictions.
The Northern Territory government has made changes to the negotiating and notice periods between landlords and tenants in response to the global Covid-19 pandemic.