Posts Tagged ‘rental income’

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, there are few things to consider, but ultimately it’s about when you’re ready and what you can afford.  To help you get started, here are some tips on buying an investment property from our Property Manager Ronda Millard. UNDERSTAND THE MARKET Knowledge is key in investing. Do your research and look into the suburb’s growth, current rental return, rental demand and nearby infrastructure. Understand how the property market works and you’ll find yourself better prepared…. Read More »

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 for you when becoming an investor.     HIRE A PROFESSIONAL PROPERTY MANAGER The ‘do-it-yourself’ method of managing your property is becoming increasingly popular but to save you the headaches it’s best to leave this up to the professionals. Do you really want to be woken up at 3am with an emergency maintenance request? Property managers are the tenants first point of call and have systems in place to handle maintenance requests, rent arrears etc…. Read More »

4 RULES TO KNOW WHEN YOUR LANDLORD IS SELLING

When a tenant hears that their rental property is up for sale they tend to panic- don’t! Just because the owner is putting the property on the market this doesn’t mean you need to pack your bags! Both you and the owner have rights and it’s important to understand them. Our Head of Property Management, Angie Lester is here to give you a head start, with some basic rules every tenant should know!     YOUR LANDLORD HAS THE RIGHT TO SELL As the owner, your landlord is within their rights to sell the property whenever they want to, even if it does fall during your fixed lease agreement. But don’t panic! You do have rights.   YOU MUST BE INFORMED BEFORE THE SALES PROCESS BEGINS Once the owner decides… Read More »

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 online for properties. That is a huge number of potential tenants! To help ensure your property stands out from the crowd here are a few tips from our Leasing Consultant, Shona Grayson.     BE SEEN As advertising online is now a must, everyone is doing it. This means you need to stand out from the crowd to be seen and this starts with your positioning. According to REA (2017), what page your property is… Read More »

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 tips for getting started in Property Investment.   DO YOUR RESEARCH Attention to detail is key in investment planning. If you try to take shortcuts or skip researching, you could make some costly mistakes. It’s important to choose an area which has strong growth and rental demand so in-depth research of the suburb is essential. Ideally, you want to invest in a suburb where the level of rental listings and vacancies are low, and demand… Read More »

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 little TLC will go a long way.  iThink Property Manager, Tori Austen has a few tips to help ensure your property is in tip top shape.     PRESENTATION Before jumping head first, take the time to think about how you want your rental property to look & what type of tenants you want to attract. There is no question about it, prospective tenants are more attracted to well-presented properties. A well-presented property doesn’t just… Read More »

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 has underpinned the factors which may affect rental income and could trigger the drop in rent.   Three P’s In our ever-changing digital world renting a property is no longer about simply putting up a sign. With 95 percent of our tenants searching for a property online, it is the primary source of securing a tenant in today’s market. From the start we need to ensure the property is presented well, by that we need… Read More »