​When a tenant signs a fixed term lease, they are providing a commitment to remain in the property for the full term. This provides the landlord a degree of stability and security, knowing that the weekly rental income can be counted on for the duration of the agreed period. 

Sometimes however, a tenant may need or wish to break the lease early. While this is possible to do, there are usually costs involved for the tenant as well as the otherwise unanticipated time and effort to put the property to market, run open inspections, and so on to find a replacement tenant. 

Are you considering an investment in Waratah, NSW? In this suburb profile we provide an overview of median sale price trends, trend in weekly rental income, and an overview of rental demand.

It is a common misconception that when you buy an investment property, the same agency who sold you the house needs to manage the rental property for you. 

Real estate agencies which offer both sales and property management services can make it seem easier or otherwise beneficial to use their services to manage the investment property for you once it has been sold. ​In reality, there is negligible benefit in this approach.

A fundamental aspect of owning an investment property is knowing when and how to appropriately increase the rent. There are many things to consider before deciding to raise the rent, including understanding your legal obligations and how to minimise the likelihood of losing the current tenant.

Are you considering investing in Warners Bay NSW? In this suburb profile we provide an overview of median sale price trends, trend in weekly rental income, and an overview of rental demand.

Leah Jay Property Management is a large property management company servicing Newcastle, Lake Macquarie and Maitland. As one of the first property management only services in the area, Leah Jay has been operating for more than 23 years. 

Often when people working outside the industry learn what we do at Carnelian Property Management, we hear the comment "Oh, so you're like a Leah Jay". In some ways, this is flattering. Leah Jay Property Management is a very successful business and Leah Jay herself an inspirational woman. 

Recently an article appeared in the Newcastle Herald titled "Newcastle Suburbs Are Delivering Newcastle Landlords Some Of The Highest Rental Yields In Australia".

Our ears pricked up and we shared the article on social media with some additional comments. It also provided some fuel for this post. While rental yield figures can provide an interesting indicator of a suburb's viability for investment, as is usually the case there is more than meets the eye with this statistic and often the finer detail is not considered.