Managing you own Investment Property – why would you?

What price a headache?

“Save money,” they say.  “It’s easy,” they say.  “Anyone can do it,” they say.  On the face of it, ‘they’ appear to have a point.  On the face of it!  Scratch the Investment Property surface however and there’s a whole untold story behind those glib statements.

Time is Money

At Stills Properties we get it – property investors want to make money, not spend it.  But how valuable is your time?  The old adage ‘time is money’ never rang more true than when it comes to managing your own investment property, because how much of your family time are you prepared to commit to:

* Dealing with late-paying tenants?
* Evicting a bad tenant?
* Finding a new tenant when the current one leaves?
* Performing regular property inspections?
* Organising necessary repairs?
* Keeping up-to-date with applicable legislation?

None of these are 5-minute jobs.  None of them are optional – they must be done and done correctly or you could find yourself breaking the law.  Some of them are simply time-consuming – maybe you can live with that.  Others can be considered unpleasant – can you live with those?  Most importantly, what price would you put on your own and your family’s peace-of-mind?

Who needs the hassle?

How soon before you’re fed-up with the headache of collecting your own rent?  How quickly will you tire of keeping on top of routine maintenance, never mind the emergencies demanding immediate attention regardless of what else you have on your plate?  Would the prospect of enforcing an eviction give you sleepless nights?  Putting a professional buffer between yourself and managing your investment property saves time and reduces stress.

Stills Properties does precisely that: gives you back your life and restores your peace-of-mind by bringing many years’ expertise and professionalism to managing your investment property.  We’re not just professional property managers, we’re property investors too – like you.  We’ve learned all the lessons – many of them the hard way – so you don’t need to.

We are up-to-date with the legislation.  Our network of tried and trusted tradespeople handles regular and emergency maintenance and repairs.  Maintaining a strict schedule of inspections ensures your property is being looked after in accordance with the lease.  Staying on top of late payers and issuing appropriate warnings keeps you in compliance with your legal responsibilities.  We can, and have, gone through the entire process of evicting bad tenants to protect our clients’ investment.

Get professional

Stills Properties has been managing properties for over 35 years and currently has millions of dollars worth of property under management.

We understand owners.  We understand tenants.  We’re passionate about our role in helping investors throughout Sydney maximise the potential of their investment, with minimum stress.

You can’t lose!

Your property and your tenants will thank you for having Stills Properties professionally manage your investment…and you’ll sleep easier without the hassles.
Love us, or leave us!  Try our service for 90 days and if you’re not satisfied we’ll return your property management fees and cancel our agreement.  You’ve nothing to lose and so much to gain.

Contact Brigitte Stills at Stills Properties on 0419 426 038 for full details on how cost-effective peace-of-mind can be.

Pet-friendly landlords can earn more in rent

Landlords – consider the pet-friendly route to a 10-15% rent premium!

If you have an investment property then you have an interest in the real estate market. If you have an interest in the real estate market then you’ll be fully aware of changes in recent months. The long-running seller’s market suddenly switched to a buyer’s market with prices sliding steadily over a few months.

A buyer’s market in sales translates to a tenant’s market in rentals. The pool of potential tenants decreases as more people opt to take advantage of falling prices and buy their own home. Add to this the enormous number of new apartments going up everywhere you look and supply is beginning to outstrip demand by some margin. Tenants have more to choose from and they’re becoming more selective and demanding.

Landlords looking to increase, or at least maintain, their existing annual rental yield, might as well bark at the moon. All current indications suggest such hopes may be unrealistic and unachievable in some locations. However, smart landlords don’t have to simply roll over and have their tummies tickled by market forces. There is one number holding steady in all of this – 56% of Australians own a pet.

Pet owners, in general, are known to be prepared to pay a premium of 10% – 15% to secure pet-friendly rental accommodation. Not only that, pet owners tend to stay longer in properties where they’re welcome – it’s harder for them to find alternatives. Most of them come with excellent pet references from previous landlords. In our experience they tend to take greater care of properties too.

If someone offered you 10% – 15% more rent, is likely to rent for longer and take better care of your investment, you’d bite their hand off, wouldn’t you? That’s the sort of tenant not to be sniffed at.

Pets come in all shapes and sizes – they’re not all Great Danes or Rottweilers. Cats, lap-dogs, birds, rabbits and the like can be readily accommodated in many properties without any problems. That’s where your professional property manager can help guide you in becoming a pet-friendly landlord.

At Stills Properties we’re pet lovers ourselves. We understand what makes a good pet-friendly environment for different kinds of animals. Part of our vetting process is to make sure the proposed pet is suitable for your property, and that your property is suitable for the animal. Our regular inspections ensure that any problems are noted and resolved early and quickly – as with any investment property.

Handled properly, making your rental property pet-friendly for tenants can help you ride through any market downturn and still increase your return on investment significantly.

Contact Brigitte Stills at Stills Properties on 0419 426 038 to learn more about how embracing pets can bring you premium rental returns.

Apartment or House: Which is the better investment?

Buying your first investment property–whether an apartment or house is an exciting time. But how do you know which type of property is the better investment?

As with all investments, it depends.

The best place to start is to first figure out your property investment strategy: are you looking an apartment or house for capital growth or cash flow?

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Illegal Subletting: The Issues and Risks for Property Owners

In suburbs across every Australian capital city, and in almost every major holiday destination along the East Coast, you can find a short-term rental property listed through Airbnb.

Most of these short-term rentals are being listed by the property owner, either an investor or owner-occupier, but increasingly tenants are illegally subletting a room or the whole property, unbeknown to the owner.

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Turramurra Rental Property

A well-presented one-bedroom unit in a good location can be more desirable for renters than a larger apartment in a secondary location.

This near-new one-bedroom apartment in Turramurra was recently leased in a highly competitive market.

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