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Unexpected Expenses A Property Investor Should Budget For

20/8/2019

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Unexpected Expenses A Property Investor Should Budget For - Carnelian Property Management Newcastle
When budgeting for the costs of holding a rental property, most investors factor in the regular, repeatable expenses such as council rates, water service charges, building and landlord insurance, property management fees and strata fees (where applicable). 

From time to time there are additional expenses every investor is likely to incur - the trick is that the timing and extent of these expenses tends to be unpredictable. Due to their unpredictability, they can be more difficult to budget for and are sometimes neglected completely. 

Following is not an exhaustive list by any means, however should help as a reminder to new and seasoned investors alike of the importance to allow for a savings buffer to ensure any untimely surprise expenses are little more than an inconvenience. 

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The 3 Criteria Most People Use To Select A Property Manager (And Why They're Flawed)

6/7/2019

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The 3 Criteria Most People Use To Select A Property Manager (And Why They're Flawed) - carnelian property management newcastle
When choosing a property manager, it can feel like everyone is offering much the same thing. The fees and charges between different options can make it hard to compare apples with apples. 

Many investors resort to creating a spreadsheet, listing all the real estate agents they can find and recording the management fee, lease preparation fee, monthly admin fees, advertising fees, etc. for each. Some even work out the annual cost of using each agency, and whoever comes in cheapest "wins". 

If this sounds even remotely like you, read on. In this article we cover the 3 criteria most people use to choose a property manager, and why these criteria are flawed. 

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The Advantages of Moving All Your Properties to One Property Management Agency

20/11/2018

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advantages of moving property portfolio to a single property management agency - Carnelian Property Management Newcastle
There are many advantages of consolidating your investment property portfolio to be managed by a single property management company. The benefits range from operational aspects which make life easier for you as an investor, to being able to maximise your return on investment through having visibility of your investment properties as a whole. 

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Should I Hire A Property Manager or Manage My Own Rental Property?

29/8/2017

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urgent repairs to an investment property
The above image was taken at an investment property we manage, when a burst storm water pipe caused part of the home to sink requiring urgent and very significant repairs!

"Should I manage my own investment property?". This is a common question asked by prospective landlords and those new to property investment. You know your property better than anyone else, and it may seem that once your property is ready to be rented out you could save on cost and maximise your return by managing the property yourself. 

Let's look at this in detail. The starting point is to ensure there is a clear understanding of what is required in managing a rental property. As we'll see, there is a lot more to it than listing a rental on Gumtree and collecting the rent!

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How To Save For A Deposit While Renting

24/7/2017

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coffee cup and piggy bank - how to save for a deposit when you're renting
It can feel like a never-ending challenge to save for a house deposit while renting. The good news is that with some planning, follow-through and time, it can happen. 

Many renters find that the hardest part is knowing where to start. After all, there are countless experts, blogs, and articles in the media describing ways of saving more, spending less, and tracking your progress. It's not that renters are short of ideas. The challenge is choosing where to start in a way that makes a real difference that you can see quickly.

With this in mind, here is our shortlist of recommendations most relevant for renters wishing to save for a home deposit. 

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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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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