Home Reno pic

A number of recent property market reports have no doubt confirmed what you already know: . . . it’s a challenging rental market. But that doesn’t have to mean doom and gloom for YOU the owner.

Competition is definitely increasing to secure good tenants – and many of you will be looking to us, your Property Manager to help you out. So here at Altus, we have put our heads together and come up with 10 suggestions to help make your property a tenant’s first choice:

Top tips

  1. Maintain the property well. We encourage you to attend to repairs and maintenance as quickly as possible.
  2. Carry out repairs/renovations that will improve the tenant’s lifestyle – think air-conditioners (often top of the renter’s wish list), heating, dishwasher, washer/dryer, security (locks, gates, screens, intercoms, and alarms), high-speed internet connection/wiring for cable TV, fly screens, and even solar panels. Explore the tax benefits with your accountant.
  3. Give the home a mini makeover – paint, replace floorings if necessary and add storage. A simple IKEA cupboard/wardrobe might make all the difference.
  4. Consider more major renovations if you’re in a position to do so – bright new kitchens and bathrooms might secure a tenant and a premium rent!
  5. Allow the tenants more freedom, like painting a feature wall or providing permanent picture hooks. You’d be surprised how many tenants we’ve spoken to that would LOVE to be able to do this.
  6. Don’t forget to spruce up outdoor areas and green it up with some new plants. Consider offering lawn mowing and gardening. You may get a higher rent and the upkeep of your gardens guaranteed.
  7. Keep your heart and mind open to all prospective tenants – pensioners and single parents often feel landlords find them an unattractive proposition, even if they’d be a great householder.
  8. Re-consider flexible lease times – a short-term lease might be better than nothing!
  9. Allow pets and make sure the property is pet-friendly.
  10. Be flexible if tenants whose circumstances have changed (& are experiencing financial problems). Build yourself a protective buffer with good landlord insurance (including rent cover).

SOME GOOD NEWS!

Free Showerhead Swap 🙂

The Water Corp are offering free water efficient showerheads till November per property. To make the switch, simply take up to two of your old showerheads to your nearest Bunnings store and present your unique voucher (which you’ll need to get from Bernadette : bernadette@altusrealestate.com.au )

How to claim your free showerheads

Real Estate is forever changing and likewise, so should our habits and mindsets to accommodate these changes in order to try and stay ahead of the game.

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