We've been saying to investors and others via our blog for some time that the rental market has been running hot, resulting in some landlords and agents aiming very high with the rent they seek for their property.
Often it is the currently advertised rental pricing which influences where a landlord or agent predicts that rent should be set. However, this provides only part of the story.
In this post we discuss 3 reasons why you shouldn't use currently-advertised rental pricing to determine your own property's rent.
This week we were engaged in a discussion with some industry peers around the need to consider more than just the dollar value when setting rent for an investment property. Below, we share a real-world example of the outcome of an investor seeking high rent above other considerations, and the avoidable results of this approach.
In the process we introduce the 3-Way Balance of Setting The Ideal Rent.
We often hear from landlords who are disappointed with the service they have been receiving from their current property manager. Keen to make a change, we advise of the minimal steps involved in changing property managers.
The first of these steps is to identify the notice required to give the current real estate agency, as per the notice period included in the Managing Agency Agreement.
But how long should this notice period be?
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.