Welcome to episode four of our property management series here at Pure Real Estate. In this episode, Russell and Alisha will be discussing the current rental market and how to maximize your rent and minimize issues with tenants.

One important thing to do to maximize your rent is to get a waterwise certificate for the property. This will allow you to on-charge tenants for water usage and help with cost recouperation. Additionally, it’s important to have landlord insurance, which covers loss of rent, pet damage, and tenant damage. Although it may be an additional cost, we feel it’s worth it for the peace of mind it provides.

From a marketing perspective, it’s important to have professional photos and a Matterport 3D tour of the property. This will attract more potential tenants and allow them to see the property before they come to view it. Additionally, it’s important to price the property correctly. It’s important to do the necessary market research, understand the surrounding areas, and pricing it too high might discourage potential tenants.

When it comes to choosing the right tenant, we recommend doing a tenancy history check, checking affordability (ideally 30% of combined income), and looking at the tenant’s rental history. The ideal tenant is someone with 30% or less of their income going towards rent, good rental references, and a good rental history. This helps to ensure that the tenant will be able to afford the rent and is likely to take care of the property.

In conclusion, it’s important to maximize your rent while also minimising potential issues with tenants. By getting a waterwise certificate, having landlord insurance, having professional photos, pricing the property correctly, and choosing the right tenant, landlords can increase the chances of having a successful rental experience. Our team of experienced property managers will work with you to ensure that your property is marketed correctly, that you find the right tenant, and that your rental income is maximized. Don’t wait, contact us today to take the first step towards successful property management!

The information provided above is intended to be accurate and helpful. However, it is important to note that while we strive to ensure the accuracy of the information provided, we cannot guarantee that it is completely accurate or up-to-date. The information provided is based on our knowledge and understanding of the topic at the time of writing and may be subject to change. It is the responsibility of the reader to verify any information before making any decisions or taking any action.