Property Investor Update January – February 2013

Real Estate Rental Activity for this month

Happy New Year to all our val­ued cli­ents, we hope you enjoyed any time you may have had off dur­ing the fest­ive season.

Our vacancy rate has fallen this month and we have been busy rent­ing prop­er­ties, how­ever unfor­tu­nately some prop­er­ties are still suf­fer­ing from exten­ded vacancy peri­ods even fol­low­ing rent adjust­ments. This is a sign of the unpre­dict­able rental mar­ket we are cur­rently work­ing in and we are doing our utmost to ensure all our Prop­erty Investors have the low­est pos­sible vacancy period.

 

Q & A Ten­ant Bonds

Q I am con­cerned that the bond will not cover pos­sible dam­age to the prop­erty as we have expens­ive inclu­sions and fit­tings. Can we ask for a set amount or greater than four weeks rent?

A There are strict legis­la­tion guidelines that state you can­not charge any­more than four weeks rent for a bond. If we were to ask the ten­ant to pay a greater amount it would be con­sidered con­tract­ing out­side of the Act, which has ser­i­ous pen­alty fines that can be imposed.

 

LANDLORD PROTECTION INSURANCE

Do you ever worry about the tenant’s situ­ation chan­ging and them not being able to afford rent and fall­ing behind in payments?


That is why we highly recom­mend land­lord pro­tec­tion insur­ance as it will cover you for loss of rent and prop­erty dam­age.
With the eco­nomic cli­mate being so erratic for many ten­ants and fam­il­ies some­times chan­ging cir­cum­stances can­not be avoided.

This insur­ance cover is a tax deduction.

 

Prop­er­ties Recently RENTED

 

Keep­ing you updated on the local rental market

HOUSES

Boston Place Toongabbie

3 bed­room home $400/wk

arrow flat real estate market

 

 

Fitzwil­liam Road Toongabbie

3 bed­room home $380/wk

arrow flat real estate market

 

DUPLEX

Wentworth Avenue Toongabbie

3 bed­room duplex $420/wk

arrow flat real estate market

 

Aus­tralia Street Oxley Park

3 bed­room duplex $390/wk

arrow flat real estate market

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