Is your property manager outsourcing services?

Australian companies have been outsourcing services for years, especially big brands and large corporations.

In recent years, small business has jumped on the band wagon to use onshore and offshore outsourcing with the aim to reduce costs and improve efficiencies.

Outsourcing is now common across many industries and increasingly in the real estate sector, particularly property management. Some real estate industry insiders suggest it’s the ‘way of the future’.

While the property management sector may well be heading this way, is it necessarily good for the end-customers? You, the landlord and your tenants?

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What are Landlord Rights when Accessing Premises?

During a tenancy, the landlord, property agent or a person acting on the landlord’s behalf can access the leased premises if they provide notice and follow the correct procedures.

Typically, access is sought to conduct inspections, complete maintenance, and repairs, or show the property to prospective buyers.

While some new investor landlords may think they can enter their property once the tenant has moved in, tenants do have the right to privacy when renting.

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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?

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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.

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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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