5 Benefits of Using Professional Property Management
As the owner of an investment property, you have two choices: self-managing the property or using property management services. You may be wondering what the benefits of using a property manager are? Contents 1. Handling of documentation A residential tenancy agreement is a binding legal contract and should always be treated as such. Having a…Read More→
Guide to Positively Geared Investment Property
Having a positively geared investment property as part of your property portfolio is a popular investment strategy in Australia. This strategy involves purchasing a rental property that generates more rental income than the expenses incurred to maintain it – this creates a positive cashflow property, also known as a positively geared property. This means that…Read More→
What is a Rental Guarantee?
‘Rental guarantee’ is a term commonly used in the real estate industry by property developers to offer investors peace of mind when purchasing an investment property. A rental guarantee provides owners with the assurance that they will continue to receive rent on their property, even if it is vacant. While rental guarantees offer some benefits,…Read More→
Is It Time For a Rent Increase?
Optimising your return is about maximising the rental return you receive whilst minimising your risk, in line with your investment goals. One thing to consider is a rent increase. Increasing rent on your investment property ensures strong cash flow to not only go towards maintaining your property but potentially completing renovations or improvements that will…Read More→
Are Tenants Liable for Accidental Damage?
As living costs escalate, interest rates fluctuate, and annual financial reviews come into play, many investors find themselves at a crossroads, evaluating whether their current property investments are still yielding the desired results.
What is a Guarantor for a Rental Property
What Is a Guarantor & How Can They Help? In the world of rental properties, individuals looking to rent may come across the term “guarantor” while going through the process of securing a lease. But what is a guarantor for a rental property? A guarantor is someone who agrees to co-sign a rental agreement and…Read More→
Renting Your Property: How to Calculate Rental Yield
Make Better Investment Decisions By Understanding Rental Yield When looking at investing in property it’s important to understand a number of critical factors for your return on investment, including how to calculate rental yield. Understanding what rental yield is and how you can calculate it can significantly impact your decision to invest in a property….Read More→
Apartment Investing – New vs Older Apartments
If you’ve driven through Newcastle recently you would have been hard pressed not to notice the towering cranes across the skyline. The CBD and inner city are in the midst of a development boom, with more than 30 residential projects, worth around $1.6 billion, either approved or in construction. This equates to around 3000 apartments…Read More→
Have You Checked Your Property’s Flexible Hoses?
We recommend property owners check their flexible hoses regularly and have them replaced when they are expired or damanged. Contents What are flexible hoses? Commonly known as a ‘flexi hose’, they are rubber pipes encased in braided stainless steel that are commonly found in household kitchens and bathrooms. They are used to connect the water…Read More→
Guide to Entry Condition Report
An entry condition report is a document that outlines the condition of a property at the beginning of a new tenancy (i.e. once a tenant enters the property). In this guide, we cover everything you need to know about condition reports, how to do them and what you should expect. Contents What is an Entry…Read More→
Tax Benefits for Property Investors Australia
As an investor, take advantage of the deductions and government tax benefits available to property owners this financial year using these helpful tax tips. Contents Homeowners, Tax Benefits, and Investment Properties Before you begin reconciling receipts, you should understand what taxes are applicable to you as a property owner. Property taxes for a primary residence…Read More→
Asset Management vs Property Management
Two terms often come up in conversation when it comes to the real estate industry: asset management and property management. While they may sound similar, these two roles play distinct parts in the property industry. At Leah Jay, we understand that navigating these differences can be confusing for property owners and investors. That’s why we’re…Read More→