Market Update and Leasing Trends
We indicated in our previous Market Update there has been a fractional decline in the rental market, which is mirroring the cooling sales market. This continues to be the case across the Hunter region and warrants a shift in expectations on what the immediate future holds for property investors. Using our monthly leasing figures for…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→
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→
Market Update – The Cooling Off
Rising interest rates and falling auction clearance rates are indicators that the sales market is cooling. We are seeing the same level of this in the rental market, with a fractional decline. We asked Senior Property Manager, Joscelyn Lambert, to provide a market update specifically for tenants, particularly those saving to purchase their own home…Read More→
How Do Real Estate Agents Choose Tenants
Finding the right tenants for a property is a crucial aspect of a property managers job, but how do real estate agents choose tenants in NSW? Throughout the rental application process, all real estate agents assess prospective tenant applications based on the following criteria: a candidate’s previous rental history and references from former landlords or…Read More→
10 Tips for Living in a Share House
Whether you’re moving out of home for the first time, or just need a less expensive rental option, living in a shared house can be a fun, convenient and affordable choice. However, sharing a rental property does present challenges. From coordinating rent payments to arguing over stacks of dirty dishes, things have the potential to get…Read More→
Moving Out of a Rental Property
Moving out of a rental property involves more than just packing up your things and returning the keys. In order to pass your final inspection and complete the rental process properly, there are certain tasks you need to take care of. Below is a step-by-step guide to help you prepare for moving out of a rental…Read More→
What is Rentvesting?
Steeply rising property prices & difficult economic conditions have would-be buyers looking at alternative options like “rentvesting” for entering the Australian property market. What is “rentvesting”? The term might sound confusing, even counterintuitive at first, but there’s a reason many Australians (young people especially) are choosing this method of property ownership. Leah Jay’s Investment Services…Read More→
Pets in Rental Properties – What You Need To Know
In the Leah Jay team’s experience, approximately 70% of applicants require pets in rental properties. Those who don’t are often considering getting a pet in the future. It’s interesting to pair this with statistics from Animal Medicines Australia, which states there are almost 29 million pets in Australia today, with around 61% of Australian households…Read More→
Tips to Prevent Mould
Mould is a common issue found in properties, particularly during the winter months or when there has been a high level of rainfall. Mould can be present indoors, and outdoors in wet or moist areas that lack ventilation, including walls/wallpaper, ceilings, bathrooms, carpets, wood and even leather goods such as shoes and handbags. We have…Read More→
New Tenant Checklist NSW
Moving into a new rental property can be both an exciting and stressful experience. As a tenant, it is essential to be well-informed and prepared to ensure a smooth transition into your new home. A new tenant checklist is a valuable tool that can guide you through this process, inform you of your rights and…Read More→