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Renting Your House Out While Travelling

23/3/2021

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Renting Your House Out While Travelling - carnelian property management newcastle

We often speak with property owners who are planning to travel and are investigating options of how to manage their home while they are away.

For significant periods of travel, some people consider actually selling the home and "starting fresh" when they return, however for most the plan is to return to the property.

In the current climate, as well as temporary relocations for work placements, we are fielding enquiries from people itching to explore domestic travel given the reduction in overseas holiday options due to the impacts of COVID-19.

In these circumstances, it is common to wonder how the property will be handled so it will not cost you significant money while you travel, and also to wonder how you know it will be available for you when you return.

Renting your own home out while you travel is a big step. When this is your own home you plan to return to when your travel is over, you want to know it will be looked after well in your absence. This is where the services of an experienced property manager are valuable.

For the traveller, the idea of renting out your own home may seem like a nightmare. For an experienced property manager, this is what we do every day!

If you're considering travelling and wondering how to manage your property while you're away, contact us now. We'd love to talk with you to hear about your plans, inspect your property, and discuss our recommendations taking into account:

When you plan on leaving
When you plan to return
Whether the property is suitable for pets (and whether you are happy to accept them)
Whether the property will be offered furnished or unfurnished
Estimated rental return per week
The costs associated with having your property professionally managed, and associated costs such as landlord insurance, smoke alarm compliance checks, and more
How to prepare your property for renting
Whether any maintenance or repairs are required at the property
How to manage bills (such as council rates, water rates, strata fees, insurance premiums, etc.) while you are away, noting that these can be sent to the real estate agency to pay and manage on your behalf while you travel
Recommendations around cleaning and pest treatments

There's a lot to think about and we're happy to help - so you can focus on the travel you have planned rather than what's happening "back home"!