Property Presentation Tips

First impressions are critical when a prospective tenant inspects your property. 

First, decide what sort of tenant you are targeting. There are tenants who want to save money and are happy to live in a property that is not in first class condition. 

There are others, such as professional people, who are happy to pay top rent, but expect the property to present at its absolute best. 

There is no doubt that well presented properties achieve top rents and usually attract the best quality tenants, that adds up to a higher investment return, together with fewer and shorter vacancy periods

Here are some valuable property presentation tips

1. Tend the gardens, mow the lawns and clean the windows, paths, gutters and outside paintwork. These are all things seen from the street, and you don`t want prospective tenants to dismiss the property before getting to the front door.

Landlord Jailed for Knife Attack on Tenant

A Brisbane man has been sentenced to five years in jail for stabbing his tenant in the stomach over a rent dispute.

Steven Terry Donegan, aged 54, attacked Malina Passmore, aged 25, with a 30cm serrated knife at his home at Clontarf in Brisbane's northeast on 2 October last year.

Prosecutor Petrina Clohessy told the Brisbane District Court that the pair had been drinking earlier in the night and were getting along “well” until Mr Donegan became agitated over $40 in missing rent.

The court was told Mr Donegan turned violent, threatening Ms Passmore with the knife before stabbing her.

Ms Passmore was taken to hospital where she underwent surgery.

Mr Donegan initially denied the attack, reporting to police that her boyfriend had inflicted the injury. Police later found the weapon stashed in the ceiling cavity of his home

Negative Gearing Here to Stay

The federal government and the federal opposition party have ruled out the prospect of abolishing negative gearing.
 

At a debate held at the National Press Club in Canberra yesterday, both parties said they would not consider abolishing the investment strategy.

Real Estate Institute of Australia (REIA) president David Airey welcomed the government's unanimous stance.

"This is fantastic news for renters, affordable housing and real estate investors," Mr Airey said.

Mr Airey added that negative gearing for the purpose of property investment was necessary as it addressed the supply of rental accommodation, which benefited the overall industry.

"The Hawke Government abolished negative gearing for property in 1985 only to have it reinstated in 1987," he said.

"During that period rents increased by 57.5 per cent in Sydney, by 38.2 per cent in Perth and by 32.0 per cent in Brisbane.

"At the same time building approvals fell by 13.8 per cent," he said.

According to Mr Airey, when negative gearing was reinstated, the government said that any tax advantages conferred by negative gearing were countered by the CGT regime when capital gains were realised.

"To amend the current negative gearing provisions for housing as some critics have suggested would be treating real estate differently to other asset classes and create a resource misallocation," he said.

For more information on Negative Gearing, contact us today.

Source: www.rebonline.com.au

Rent Roll Aquisition - Melbourne

“I want to buy rent rolls and build up my Department quickly so that I can benefit from the economies of scale achieved and to provide a greater selling pool for my Sales Department. The problem is that I really don’t know what I should be looking for in an acquisition. What are the pitfalls?” 

Both Tony and Anne Warren have had extensive experience in acquiring rent rolls through their involvement with a public listed company that acquired in excess of 40 individual rent rolls over an 18 month period. This experience gave them an insight into what is needed to prepare a rent roll for sale so as to maximise its value and what to look for when acquiring one.

Most prospective purchasers of rent rolls are not fully aware of factors that affect their value. Some of the variables in establishing a rent roll’s value can include;