How To Avoid Tenant Troubles And Receive A Steady Flow Of Rental Income!

HOW TO AVOID TENANT TROUBLES in seven hills and receive a steady flow of rental incomeProp­erty investors who want to avoid any head­aches caused by mali­cious or care­less ten­ants in Seven Hills, should take four steps to help them sleep easy at night, accord­ing to Jhai Mitchell from Eld­ers Real Estate.

 

 

 

  • Make your prop­erty attract­ive to good ten­ants “A rental prop­erty that’s well presen­ted and easy to main­tain is more likely to attract good qual­ity ten­ants,” Jhai says. “Ten­ants are also more likely to take pride in a well presen­ted prop­erty and treat it as if it’s their own. Nobody wants to live in a house that has shabby car­pets, an unruly garden and is in need of repair.”
  • Appoint a prop­erty man­ager “Prop­erty man­agers have exper­i­ence in screen­ing pro­spect­ive ten­ants and know which ques­tions to ask them,” Jhai advises. “They also have access to data­bases that list ten­ants who have defaul­ted on rental pay­ments, mali­ciously dam­aged a prop­erty or been evicted.”
  • Inspect the prop­erty reg­u­larly “Reg­u­lar prop­erty inspec­tions can help land­lords to identify poten­tial issues,” Jhai notes. “If a ten­ant is caus­ing dam­age to a prop­erty and reg­u­lar inspec­tions aren’t being held, the dam­age may go unnoticed and be more costly to fix later on. “The best way to do this is with the help of a prop­erty man­ager who should con­duct an inspec­tion around every three to six months and provide you with a writ­ten report.”
  • Obtain land­lord insur­ance “Tailored land­lord insur­ance provides a safety net for land­lords if their ten­ant does the wrong thing and mali­ciously dam­ages their prop­erty or stops pay­ing the rent,” Jhai says. “Unfor­tu­nately even the best ten­ant can acci­dent­ally dam­age a prop­erty or fall behind in their rent. Land­lords should choose a com­pre­hens­ive and secure policy that cov­ers them against mali­cious and acci­dental dam­age as well as loss of rental income if the ten­ant absconds or leaves a prop­erty unable to be re-let while dam­ages are repaired. “The policy should also provide cover if a court orders a tenant’s evic­tion or ter­min­ates the rental agree­ment due to ten­ant hard­ship. “An insur­ance policy that cov­ers these spe­cific risks can assist land­lords to safe­guard their invest­ment and ensure they con­tinue to receive a steady flow of rental income.”

When you apply all of these tips you are on your way to trouble free prop­erty investing.

If you are unsure of some of the terms used in this art­icle, click hear for a defin­it­ive guide on real estate definitions.

About 

Jhai is an award win­ning Inter­net Mar­ket­ing Real Estate Agent for Eld­ers Toongab­bie and Kings Langley. After run­ning his own inter­net mar­ket­ing busi­ness he has now set his own sites for the real estate industry. He observed that 90% of real estate agents did not know how to mar­ket them­selves online. Jhai is now fixed on one goal. To teach real estate agents that they can mar­ket online so much bet­ter than they cur­rently are.

Since then he has been con­sist­ently quoted in the Sydney Morn­ing Her­ald and Real Estate Busi­ness online. He is a reg­u­lar guest blog­ger on TheHomePage.com.au, shar­ing his expert­ise of mar­ket­ing aspects for the Real Estate Industry. His biggest pas­sions are his wife, mar­tial arts, dogs and most of all property.

seven hills real estate agent NSW
Cnr Federal Road Prospect Highway Seven Hills NSW 2147 Australia