Listing your property with WHY...
Listing your rental Property with WHY Property is easy. To become part of the WHY family, just ring Toni on 0430 959 223. Alternatively, you can email Toni at toni@whypropertyinvestment.com.au
5 Steps to Listing
- Signing the Form 6
- Copies of your insurance
- Keys, codes & access
- Body Corporate & Pool Safety
- Preparing for your tenant
W.H.Y --> We Help You
Signing the Form 6
Insurance
Keys, codes & access
Body Corporate & Pool Safety
Preparing for your tenant
CHECKLIST to ensure your property is ready for tenants
- Are smoke detectors fitted and in compliance?
- Does all glass, including shower screens, comply with current legislation?
- Are your balcony and stair railings compliant with current legislation?
- Have you checked that all your electrical appliances, power sockets, lights and light switches are in safe working order?
- Have you ensured that all light globes, heat lamps and specialty lighting are functioning?
- Is the property secure with all locks in working condition?
- Do you have adequate Building and Public Liability Insurance?
- Do you have landlord insurance?
- Do you have security system and if so is it in good working condition?
- Do you have any water leaks? Small problems can cause big problems and unnecessary expenses.
- Have you assessed the property to ensure that there are no potential trip hazards i.e. uneven avers, cracked concrete or large tree roots etc?
- Are the gutters clear of leaves and debris?
- Do you need to organise a gardener prior to your departure or during the time the property is tenanted?
- Are the pool chemical levels correct and all equipment in working order and have you arranged for the pool to be regularly checked and maintained; or given the tenants the appropriate instructions to do so?
- Does the safety fence around the swimming pool comply with State legislation and is there a self closing ate installed and working?
- Have you ensured that you have keys to all windows, doors, sheds, garages ect and arranged at least 2 full sets to be provided to the agent?
- Are all remotes in good working order with new batteries installed?
- Has all gas appliances been serviced within the last two years?
- Have all blinds and curtains been fitted with safety clips to meet legislative requirements that prevent strangulation?
Common questions many INVESTORS have
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How to obtain higher returns on your rental property?
Factors such as the presentation of a property affect the level of interest received during the marketing process and therefore the rent the property can ultimately achieve. That’s why we provide suggestions to our landlords before and during the marketing process to ensure optimal rental yields for our clients. We consider things on a case-by-case basis while taking into account the current market to provide constructive feedback – suggestions may be as simple as applying a coat of paint to a door, installing a dishwasher or in some case we may suggest improvements to a property.
We will always strive to get you the highest rent possible; however weekly rent must be carefully considered and in line with the current market to get your property rented promptly with quality tenants and avoid extended vacancy periods.
Below are some factors we consider when marketing your property:
- Demand – This can be seasonal and affected by several factors.
- What is currently available – We look at properties currently available, and consider their location and features for comparison to calculate a maximum rent for your property.
- What we have rented now – We compare your property with what we are currently renting out, taking into account property locations and features.
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Should I allow Pets?
Changes to legislation around pets in a rental property came into effect on 1 October 2022. These changes provide tenants, property owners and property managers with a framework to negotiate the pet approval process during a tenancy.
If a tenant wants to get a pet during a tenancy, they must seek written approval from the property manager/owner to keep a pet at the rental property. They should formalise their request by completing a Request for approval to keep a pet in a rental property (Form 21) to seek the property manager/owner’s approval.
The property manager/owner must respond to the request in writing within 14 days of receiving the request form and state two key pieces of information:
- whether they approve or refuse the tenant’s request, and
- other conditions for approval, or their reason for refusing the request.
If the property manager/owner does not respond within 14 days, or the response does not satisfy the legislative requirements mentioned above, the pet request will be automatically approved.
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Do I need Landlord Insurance?
This is the landlords responsibility and we strongly advise all landlords take out a Landlords Insurance Policy.Why do I need landlord insurance if I have an agent?
Although we carefully screen all applications to help select the best tenants, we cannot guarantee your tenants behaviour at your property. The risk always falls on the owner of the property, and therefore we recommend all landlords should be insured for such a risk.Why do I need landlord insurance if I have a good tenant?
Even good tenancies can turn bad. If the tenants’ circumstance changes, it is possible the tenancy can become unstable. This can result in issues such as rent owing and the property not being maintained. It’s always best to be safe and properly insured to cover yourself, even with good tenants.What does landlord insurance cover?
Landlord insurance will cover lost rent due to tenant default and malicious damage to the property caused by the tenant.We suggest you consult your landlord insurer so you are fully aware of the extent of your cover and any excesses that may be applicable in the event of a claim.