Property Under Siege! & What You Need To Know About Replacing Appliances
A REAL LIFE STORY Last month on the Gold Coast in Qld a rental property was surrounded by police, an ambulance, fire trucks and special forces for more than 30 hours when a tenant was allegedly threatening to blow up himself and his rented house, resulting in nearby residents being evacuated. As part of the stand-off […]
How Safe Does Your Property Have To Be?
We have had several cases over the past couple of months in Seven Hills NSW where tenants with young children have moved into a two-storey property to then discover that there are no security screens or screens at all on the second-level windows. One tenant reported that their two year old was climbing on the […]
The Top 10 Most Common Costly Mistakes When Selling Real Estate
Anyone who has ever attempted to sell real estate has wanted the same thing: To sell their home quickly, effortlessly and for the best possible price. You can sell your property yourself and probably achieve market value, but if you want to get your dream price there are some mistakes that sellers often make (especially in seven […]
3 Key Emotions Around Selling Property And How It Can Cost You!
It is important to realise that listing your property for sale will probably be one of the largest monetary transactions you will ever be part of. When selling your property you should take it seriously and choosing an agent should be done carefully, so do your research. One of the biggest things to keep in […]
Toongabbie Wild Weather Warning: CHECK YOUR INSURANCE POLICY NOW!
As the damages bill from recent extreme weather continues around NSW and Toongabbie are you wondering just what their property insurance will cover. Was damage caused by a flood, or storm water run-off? The Insurance Council of Australia (ICA) warned that not all property insurance policies will cover policy holders for this type of flood event and that policy holders […]
4 Secrets To What Attracts A Tenant To A Property
Property Investment in Seven Hills and in general is all about securing a good tenant for as long a period of time as possible. Therefore, when considering buying an investment property for this purpose, it is important that you choose the right property and also consider adding features that will attract the right tenant. 1) […]
Are You Missing Out On $5,000 Worth Of Investment Property Negative Gearing Deductions?
We have many owners ask us about what investment property negative gearing deductions they can claim. Well The Australian Tax Office (ATO) has clarified negative gearing for rental properties as tens of thousands of Australian property investors submit their annual tax returns. According to the ATO, when investors complete their tax return for the relevant year, they may […]
Why Landlords Should Not Try To Save Money On Property Insurance!
Being a landlord can be an extremely profitable business but without the right planning it can also become very costly. TWO people had to be rescued from a car after it smashed into house in Sydney’s western suburbs Wednesday afternoon. As a landlord everything is fine financially whilst you have tenants in a property but […]
5 Investment Property Safety Tips That You Should Know That Could Save You $10,000
Safety for property investors is an issue that has more exposure today than ever before! As a property owner, it is important that a rental property is provided as safe and secure as possible. In the next several weeks, we will look at some ways you can improve the safety in your investment. Tip 1 […]
Why Do I Need A Real Estate Agent If I Can Manage The Property Myself ??
Many landlords have chosen to rent the premises themselves to save money, however they come out the other end disappointed and disillusioned with renting and in a worse financial position than they would have been with an agent. New research shows Landlords who use the services of a Property Manager are 15% more likely to […]
Are You Looking After The Place? Is It The Landlord Or The Tenants Responsibility
Here at Elders Real Estate we have recently had a number of enquiries from prospective Landlords regarding repairs and maintenance obligations of the tenant and landlord. The following information may be of interest generally and is sourced from the Tenancy Handbook published by the NSW Office of Fair Trading. Repairs Landlord’s General Responsibilities The […]