Property Management

• Attend inspections with the property manager at least once a year if possible.

Your property manager will invite you to attend routine inspections with them from time to time. It is worth taking them up on this offer at least once a year. You will see personally how the property is being looked after, how the property manager is performing, what small concerns the tenant may have and what routine maintenance items might need attention.

• Attend to any repairs promptly

  It really pays to have the property manager organise repairs to even minor matters promptly. This keeps the property looking and feeling brand new and stops small problems growing into large ones. It also shows the tenant that you care about the house and hopefully encourages them to look after it. Issues like minor electrical faults, leaking taps and toilets, appliances not working properly, loose door handles, paint touch ups and the like, really should be attended to rather than be allowed to get worse.

• Monitor external presentation occasionally

make sure your manager is looking after your investment, ask them to send photos if your interstate ,If the state of the lawn, garden or house is slipping, a quick call to the property manager can rectify the situation quickly. At times, it may even be useful to have the property manager organise a gardener to get the gardens up to scratch at your expense to encourage a little more ‘house pride’ from the tenant and to help them keep on top of the presentation. The expense is also tax deductible.

• Take out Landlords’ Insurance

This insurance provides peace of mind by covering the costs of repairs due to tenant damage, as well as offering protection against unforeseen periods of vacancy in your property.