We recently leased a newly renovated family home in Thornleigh in just under four days.
This was the first time the beautifully presented three-bedroom home was offered for lease.
Keen to upgrade, I worked with the property owners to get the home rent-ready.
But with recent lender restrictions, interest rate hikes and talk of property price corrections and a housing crash, Aussies are said to be losing confidence in the viability of property investment.
For a confident property investor, they know not to panic. They understand the market is cyclic and property values fluctuate over time. They ignore the hype and focus on researching the market, gaining knowledge, and having a plan.
In recent years, tenants who are illegally subletting to strangers, especially tourists and holiday-makers has increased at an alarming rate, leaving the property owners exposed to a range of risks and costly consequences.
An established suburb just minutes from the city by bus or ferry and a wonderful village vibe with great shopping and excellent restaurants, cafes and pubs, Balmain delivers on multiple fronts.
If you can avoid having to deal with your investment property lease renewal during the holidays, you’ll save yourself a lot of unnecessary time, money, and worry.
But if you must find new tenants during the holiday period, how can you best manage it?