Give a little to save a lot

Give a little to save a lot

Posted by Michelle

There is an old saying “You will get what you give”. Owning investment properties is sometimes not about managing the property, but managing the people and problem solving.

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Important Update for Property Owners on Maintenance & Repairs

Important Update for Property Owners on Maintenance & Repairs

Posted by Michelle

Since the introduction of the amended Residential Tenancy Act, there has been a significant increase in tenants terminating rental agreements due to the owner’s failure to attend within the prescribed time frame under the Act. It is important that as a property owner you are aware of your obligation to maintain the premises as near as possible to the condition at the commencement allowing for normal wear and tear. Tenants have more access to information and advice about their rights and some will use this section of the act to their advantage.

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Do you need to Service Gas Appliances?

Do you need to Service Gas Appliances?

Posted by Michelle

In the UK it is a legal requirement for Landlords to have a Gas Safety Check carried out by a licensed Gasfitter every year. It is also a requirement for this to be done when a new tenant moves in. This is not a legal requirement in Australia yet however a few years ago there was a case in Melbourne where two children, living in a rented property died due to the effects of carbon monoxide poisoning. We also had a case here in Launceston where tenants of a rental property were admitted…

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The Hidden Costs of Capital Gains

The Hidden Costs of Capital Gains

Posted by Michelle

Are you thinking of selling your investment property? Don’t forget to factor in the cost of Capital Gains Tax (CGT). CGT is generally payable when you sell a property that is not your main home of residence and you make a financial gain.

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State Finalist in the Telstra Women’s Business Awards 2019

State Finalist in the Telstra Women’s Business Awards 2019

Posted by Michelle

CONGRATULATIONS to our Director Michelle Williams for being announced a finalist in the State Telstra Women’s Business Awards 2019. The Telstra Awards are the most prestigious business sector awards in the country so making it to this stage is a massive achievement. We wish her all the best in the 19th March when the winner is announced!

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Weekly/Fortnightly/Monthly rent – how do I calculate it?

Weekly/Fortnightly/Monthly rent – how do I calculate it?

Posted by Michelle

People are often confused about the calculation of rent payments; this is because it is not as straightforward as you might think. Agents and landlords may use any number of different methods to calculate your rent, there is no formula set in the legislation. However, it must be noted that if you pay what you determine is the correct rent and it does not equal what they determine is the full amount, it can be viewed as rent arrears and they can issue a Notice to Remedy and then even a Notice to Vacate. Ultimately if you need clarification you should arrange an appointment with your agent or Landlord rather than paying a shortfall in order to avoid this reflecting on your rental history.

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Responsibility regarding sewer and drain blockages

Responsibility regarding sewer and drain blockages

Posted by Michelle

In accordance with the Water & Sewerage Industry Act 2008, TasWater is responsible for the maintenance of sewer mains and branch lines to the customer’s connection point. The property owner is responsible for all drains, fixtures and apparatus upstream of and including the first inspection opening (IO) or boundary trap (BT) or if no such device is fitted, then to the property owner’s boundary (the private system). The following information provides guidelines for plumbing contractors and property owners involved in the removal of a blockage in a TasWater or private system.

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What is considered “Reasonable Wear & Tear”

What is considered “Reasonable Wear & Tear”

Posted by Michelle

Wear and tear is a topic that has different perceptions and it can often be a grey area when dealing with different issues. As property managers, it is our responsibility to Act for the property owner first and foremost however we also must act within the rules of tenancy legislation and the guidelines provided by the Residential Tenancy Commissioner.   Below is an extract from the Residential Tenancy Commissioner's guidelines around wear and tear.   Reasonable wear and tear A tenant is…

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Preventing & Treating Mould

Preventing & Treating Mould

Posted by Michelle

The most common complaint over the winter months in Property Management is the build up of condensation and mould. This issue is not limited to older homes, it is a wide spread issue that needs to be managed by both the owner and the tenant. Moulds are natural organisms in the environment but can become a problem when excessive moisture accumulates indoors causing mould growth to occur. Mould growth may become excessive if the moisture problem remains undiscovered or unaddressed.

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Landlords Exposed to Risk

Landlords Exposed to Risk

Posted by Michelle

According to research, a staggering 40 per cent of property investors have the wrong insurance. There are more than two million property investors in Australia, owning around 27 per cent of all housing stock in the country and providing homes for almost 31 per cent of the population who are renters. Yet an alarming number of landlords don’t have the right insurance. Figures from the Landlords’ Advisory Service reveal that 40 per cent of landlords do not have specialised landlord insurance. Consequently, many landlords are leaving themselves at risk financially.

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