AN INVESTORS GUIDE TO RENOVATING THEIR RENTAL PROPERTY

The longer you hold an investment property for the more likely you will at some stage need to undertake some renovations and major repairs. Properties eventually just get tired and run down no matter how well tenants look after them. Floors get damaged, kitchens and bathrooms get dated, gardens die off and fences rot. If […]

PORTFOLIO VERSES TASK BASED PROPERTY MANAGEMENT

Which is the best option for your business or your property if you’re a landlord? When you are thinking about setting up or purchasing a rent roll this is one of the biggest considerations you will have to undertake. There are many pros and cons to both options, but the decision must come down to […]

APARTMENTS VS HOUSES

Looking at buying your first home? Or are you a keen investor looking for your next property? The main question both buyers and investors are finding themselves asking is, “Should I be buying a house or an apartment?”. There is honestly no correct answer to this question, it is completely dependent on you and your […]

RENOVATION TIPS AND TRICKS

It is officially Block season, and if you are a fellow Blockhead like everyone else in our office you are probably itching to start your own reno. If you are thinking about giving your property a makeover, or a home renovation has been on the cards for a while, here are a few things you […]

THE ART OF NEGOTIATION

Got your eyes on the prize but just don’t know how to initiate negotiation and enter buyers territory? Good news is, you don’t have to be a skilled negotiator to get a great price for your dream property. Here are some tips and tricks you can use to start negotiating today!   DO YOUR RESEARCH […]

WHAT THE CURRENT MARKET MEANS FOR FIRST HOME BUYERS

We all know that the property market is ever-changing and following the recent election and the cutting of interest rates it is now more important than ever to analyse the market before diving straight in. Here is a rundown of what the market is currently doing, how you can break into it and some tips […]

TOP TIPS TO RENT YOUR PROPERTY QUICKLY

A vacant property is every landlord’s and agencies, for that matter, most vulnerable period. Whilst it is inevitable, at some stage when you own an investment property you will have to experience a period of time without tenants. This can be costly if not managed properly, each week without a tenant increases the financial pressure, […]

HOW TO HANDLE DISPUTES IN PROPERTY MANAGEMENT

It’s the one thing all property managers want to avoid, and no matter how big or small, conflicts or disputes are always the tasks that are pushed to the bottom of the list. To ensure you are addressing these conflicts in the correct manner, here is an action plan to keep on hand for when […]

PREDICTING THE PROPERTY MARKET IN 2019

Do we really know what will happen to the Property Market in 2019? Do we ever really know what the property market will do period? There are some indicators that allow us to determine some of the property trends for the coming year, but there certainly isn’t a crystal ball outlining exactly what will happen […]

MANAGING RENT ARREARS OVER THE FESTIVE SEASON

Let’s face it Christmas is an expensive time of year for us all. If you are already struggling to keep up with financial commitments or haven’t planned ahead, it can cause a substantial financial burden that can take a long time to recover from. In property management, we have found this is one time of […]

TOP 5 REASONS YOU SHOULD USE A LOCAL PROPERTY MANAGER

Choosing a company to manage your investment is the second most important step following the initial decision to buy an investment property. Not only is it essential you do your research and ensure a few things like the company is experienced, operates with the service you are looking for and aligns with your values, but […]

LET’S TALK ABOUT RENTAL RETURN

A lot of agencies promote rental return when vying for your business, but what do they actually do to assist you in achieving maximum rental return? Our job as your property manager is to not only to lease your property but to rent it for the highest possible price, just like when selling a property. […]

DOES YOUR PROPERTY MANAGEMENT TEAM HAVE A DEBT COLLECTION PROCEDURE?

Seldom is it talked about, but a debt collection procedure should be the top of your list when interviewing for a property manager. A poor debt collection procedure can cost you, as the landlord, a lot of money if there is no clear procedure to follow. From an agency perspective, I can assure you debt […]

UNHAPPY WITH YOUR CURRENT PROPERTY MANAGER? CHANGING PROPERTY MANAGERS IS EASY!

  Did you know the number one reason a landlord leaves an agency is due to poor communication? It seems such a simple thing, but rarely is it appropriately executed in property management, which is a shame given we are dealing with people’s most significant assets. Director of Marketing and Business Development, Kylie Walker has […]

DIDN’T SELL AT AUCTION? WHAT HAPPENS NEXT

Hundreds of properties go under the hammer each and every week. Of this group, around half actually get sold under the hammer. The remainders are either sold prior to the auction or passed in. When committing to the auction process it is important to remember that getting passed in is not the end of the world, […]

BREAKING A LEASE – OWNERS

As a landlord, you want to ensure your property is always tenanted. In some instances, the reasons tenants vacate is out of your control, and when it comes to breaking the lease, it can tend to get complicated and confusing. When faced with this situation it is essential to know your rights and obligations as […]

TOP 5 REASONS TENANTS LEAVE A RENTAL

As a landlord, there is nothing more stressful than when your property is vacant. To help minimise the risk of this happening to you, you need to make sure you look after your property & tenants. iThink Property Manager, Katrina White has put together a list of five reasons tenants tend to leave their rentals, […]

DO YOU NEED LANDLORDS INSURANCE

You never know when you might accidentally accept a ‘tenant from hell’. Whether they fall way behind in rent or cause damage to your property, tenants can cause a lot of headaches. Luckily for you, landlords insurance can be your saving grace when a tenancy goes pear-shaped. To give you the 101 on landlord insurance […]

RENT ON THE RISE – IS NOW THE TIME TO BUY AN INVESTMENT?

According to the latest CoreLogic Rental Report*, rental rates are at a national high and growth has lifted, so is now the time to buy an investment? There is a lot of talk back and forth about when is the perfect time to buy an investment is but, to be honest there isn’t one! Yes, […]

REAL ESTATE PREDICTIONS FOR 2018

Whether or not the year ahead fills you with excitement, fear or anxiety, one thing is for certain the property market will be one of the most closely monitored sectors across the country. Wouldn’t it be amazing if we had a crystal ball at the end of each year to predict exactly what was in […]

5 MUST KNOWS WHEN BECOMING A LANDLORD

With property becoming a top investment pick for Australians there is no wonder we have more landlords than ever before! If you’re thinking of jumping on the bandwagon it’s important to do your research, especially if you are a first timer. Lucky for you, iThink property manager Tara Graham has put together some must knows […]

TIPS TO PREPARE YOURSELF FOR AUCTION  

Buying at Auction is an increasingly popular method of sale but also can be very nerve racking! Here at iThink we strongly believe in the Auction process as it generally results in a quicker, less complicated sales process. However it is important to do your research and understand the Auction process to avoid any confusion […]

HOW TO PREDICT A NEW SUBURB ‘HOT SPOT’

One of the biggest mistakes novice investors make when trying to pick a hot spot is taking short cuts. Everyone either doesn’t want or have the time to do their homework while looking for an investment property. If you decide to take a short cut and take a prediction of a booming suburb from a […]

THE WORLD OF LEASING YOUR PROPERTY HAS CHANGED

Gone are the days we could just put up a sign outside your property and it would be rented within days.  We live in a world where digital media reigns supreme in the advertising world and it is becoming more important to jump on board. According to realestate.com (REA), 91% of tenants are now searching […]

INVESTING ON A LOW INCOME

Just because you don’t earn a six-figure salary, or you don’t have many assets yet, it doesn’t mean you can’t break into the property market. Low-income earners comprise a huge proportion of the investing market, and while they face specific challenges, the most committed, driven and creative among them can reap the biggest rewards. While […]

TIPS FOR GETTING STARTED IN PROPERTY INVESTMENT

Are you looking at becoming a property investor? You’re not alone, there are just over 2 million Property Investors in Australia*! While property is regarded as one of the safest long term investments there are many risks involved and it’s not a decision to jump into.  iThink’s Sales & Marketing Consultant, Dane Phillips has some […]

REFRESH YOUR RENTAL BETWEEN TENANCIES

It’s a struggle to find time to renovate or repair your rental while a tenant is in place. So when your tenants are vacating and there is a week or two between tenancies you need to jump on this opportunity!  You want to achieve premium price and attract quality tenants so giving your investment a […]

DEALING WITH A DROP IN RENT

The rent reduction conversation is never an easy one between property managers and landlord’s. What it simply comes down to is an open line of communication and an education process on current market conditions. There is always a reason why a property doesn’t rent. To help landlords understand why, Director at iThink Property, Kylie Walker […]

MAXIMISE YOUR CASH RETURN WITH TAX DEPRECIATION

  It’s time to unlock the cash flow to your investment property and claim more at tax time! Owners of investment properties are eligible to claim tax deductions for their properties and most investors are aware of the deductions they are entitled to. However, many are unaware of property depreciation which means they could be […]

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