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Property Investment Pitfalls - The Top 5 Mistakes

22/9/2017

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property falling into sinkhole
Image credit: nationalgeographic.com
As a property management team, we work with investors every day. Some are seasoned with an established portfolio of properties, while others have become investors for the first time. 

There are many resources online to provide tips for what to look for and how to select an investment property. In this article however we take a look at the most common mistakes we see investors make.

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Should I Use An Online Property Management Service Instead of Hiring A Property Manager?

11/9/2017

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Picture
Online property management tools ​have increased in number in recent years. These systems generally offer low monthly fees in return for largely automated and online service. The most dominant service of this kind in Australia to date is Cubbi, though there are many others. 

Generally, the way these online property management services work is that a very low management fee is taken (in Cubbi's case, currently 2%) and the online platform is used to manage the processes which can be automated. For example, the Cubbi platform forwards any rental enquiries and applications on to you as the landlord, will collect and deposit rent into your account, and will follow up on any unpaid rent. 

In reality, these are the easiest aspects of property management and require little skill or knowledge to complete. 

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Do I Need Landlord Insurance For My Rental Property?

5/9/2017

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tenant trashed kitchen - need landlord insurance
​In our discussions with a landlord prior to taking on management of their investment property, we always ask whether landlord insurance has been arranged. In what can be a hectic time finalising a property for rent, this critical insurance can sometimes be overlooked. 

It is essential. Let's find out why.

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    Carnelian Property Management Newcastle NSW

    We are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie. 
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1A Chapman St Charlestown NSW 2290
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Carnelian Property Management
1A Chapman St Charlestown NSW 2290
​ph: 02 4062 7458 (tenant / general enquiries)
m: 0407 065 126 (investor enquiries)
Submit maintenance request

​Copyright © 2021 Carnelian Property Management in Newcastle NSW
​ABN
18 624 074 077
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  • Home
  • Contact
  • About
    • New To Renting Your Property?
    • Info For Experienced Investors
    • About The Team
    • What We Do
    • Testimonials
  • Suburb Profiles
    • Adamstown Suburb Profile
    • Cameron Park Suburb Profile
    • Cardiff Suburb Profile
    • Charlestown Suburb Profile
    • Hamilton Suburb Profile
    • Mayfield Suburb Profile
    • Merewether Suburb Profile
    • New Lambton Suburb Profile
    • Newcastle Suburb Profile
    • Wallsend Suburb Profile
  • Rental Appraisal
  • Switch to Us
  • Now Renting
    • Properties For Lease
  • Blog