As a Landlord having your investment property organised and prepared for a tenant is relative in assisting with a smooth tenancy.
Here are some FREE handy tips for a great start:
Prepare your property for lease. It is crucial that the property is clean at the commencement of the tenancy to ensure it must be cleaned by the tenant on vacate. The tenant is only obligated to leave the property as it was at the commencement of the tenancy.
Repairs – attend to any repairs required before commencement of the tenancy. This will reduce any complaints from, or inconvenience to your new tenants.
Presentation of the property. Ensure the property is presented as you expect it to be kept during the tenancy. Lawns and Gardens should be tidy and gutters cleaned.
Water efficiency – Your property must be water efficient to enable the water usage charges to be passed on to your tenants. The cold water tap on the kitchen sink and bathroom vanity must have a maximum 9 litre flow and so does each shower head. This applies even if your property is on tank water as you will be required to refill the tanks or pay water usage should the property not be compliant.
Smoke Alarms. Ensure smoke alarms are fitted in compliant positions , working correctly and are not out of date. We strongly recommend for a small annual charge a Smoke Alarm testing company who Service and Certify the smoke alarms for peace of mind.
Blinds and curtains – always ensure blinds and curtains are safe for children.
Appliances and furnishings – If possible remove all appliances and furnishings from the property. You are required to maintain and replace all furnishings and appliances left there should they require repair or replacement. The tenant would be responsible for any damage however, recovery of the cost can be difficult if the appliances and furniture are aged.
Heating and cooling – Consider installing a reverse cycle air conditioner – This will add value to your property and make the property more attractive to prospective tenants.
Seek advice from your accountant – Talk to your accountant about your investment and what Tax benefits are available.
Landlords insurance – Take out landlord insurance for damages and loss of rent.
Use an agent – Tenants are screened thoroughly to ensure the tenant is suitable for your property.
At the end of the day everybody wants the tenancy to go smoothly. So like great paintwork, the prep work is a great starting base. R & R Property offer a premium Property Management Service so please call us today to discuss. Or there is further information on our website and our Facebook page @randrproperty.
For more assistance with Property Management call the Team at R & R Property. They have an organically grown rent roll which has been hand picked and nurtured to create happy landlords and happy tenants.