News

March 14, 2019

Landlord Insurance - just do it.

Found a tenant? Great.

What sort of tenant are they? You may have a pretty good idea, as you should have done the reference checking as below...

  • Employment checks? tick
  • Rental history? tick
  • Social Media check? tick
  • 100 points of ID? tick
  • Character check? tick
  • Other relevant documents (bank statements, written references, + more) tick

Now, we have seen these scenarios turn out well 97% of the time but sometimes a peculiar or unfortunate scenario happens - domestic violence, malicious damage to fixtures and fittings, defaulting on rent...

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February 06, 2019

WHERE DID JANUARY GO?! A RENTAL UPDATE

Ever since January 1, 2019 ticked over, here at Elevate we have been inundated with vacate notices and trying to re let properties or lease out new properties we have secured.

It seems like a lot of people made their New Year's resolution to find a new home, rent out their property or make a change of some degree - not highly unusual at this time of year, but certainly we have noticed a sizable increase from previous years.

So far, across Sydney the...

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January 09, 2019

WHERE DO WE ADVERTISE PROPERTIES FOR RENT?

Some of the traditional methods are known...

  • The paper/magazines? - not with us, not for rentals. For sales...maybe, but unlikely in this day and age. We like to promote the property, not the brand! (yes, that is a dig at our general competition)
  • The internet - yes, more about this below
  • Database/Newsletter - yes, this still works for 'off market opportunities' and relocation agents and their clients
  • Other properties (open homes we host) - we meet prospective tenants at other properties and they ask...

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December 20, 2018

WHAT MAKES A GOOD TENANT? (RESIDENTIAL)

At Elevate, we look at 5 (five) key areas to determine what makes a quality tenant to put forward to our property owners.

  1. Financial capacity

We need to ensure the capacity to pay for the rent is possible. i.e having more than 30% of income going to rent can cause concern, creating potential future stress levels, non payment and further issues in the long run (a good article can be found here to give you an indication - click here)

rent.com.au also...

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October 31, 2018

How to lease a property within 7 days

Last week we listed a new property for lease. What's so special about that you ask? Well, it was a timely reminder about the 7 p's: Proper Preparation, with Professional Photography Provides Peak Performance. Ok, well I made that up just now, but to us, I believe it rings true.

This is the timeline in how it developed;

  1. Thursday - received call from our accountant that their sister has an investment property to lease out
  2. Friday - met with Property owner and agreed...

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June 20, 2018

Q) WHAT IS THE RENTAL MARKET LIKE IN SYDNEY AT THE MOMENT?

Q) WHAT IS THE RENTAL MARKET LIKE IN SYDNEY AT THE MOMENT?

A) TOUGH!

Every year, Winter brings its challenges, people are hibernating and inspections are not as well attended as the warmer seasons - especially when weekends are wet. 

This year, having 1-2 people coming through an open is becoming 'the norm' and there is diminishing urgency from prospective tenants. Furthermore, it's a tenants' market with offers coming in below the asking rental price along...

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May 23, 2018

HOW TO GROW YOUR PORTFOLIO?

At Elevate Property Group we are faithful to our tag-line, "Your Investment. Our Priority."

With this in mind, we are excited to introduce you to Strategic Investor Group who are the experts at creating wealth through property.  As a valued client or as a member of our database, we believe that they can help you achieve your property goals.

Did you know, and according to the ABS, that investment property owners generally stop at acquiring 1 (one) property?...

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February 08, 2018

Q) IS IT WORTH BUYING A RENOVATOR AS AN INVESTMENT?

A) This is a broad question where you need to take into consideration many aspects such as depreciation, ROI return on investment, borrowings, etc.

There is good money to be made if you buy right and renovate within a budget that has an outcome of a fair sale price for the area.

It is important to take your time and research the area/market over a 3 month period to determine the lower and upper scale, average or medium sale prices for the...

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January 12, 2018

Good tenants are like gold - look after them and they look after your bottom line

We will give you 5 good reasons to look after your top-quality tenants.

1. Known quantity - they are known to you, as in their past behaviour is a good indicator of future behaviour. Who knows what you will get if you seek to obtain new tenants.

2. Less wear & tear - as they wont be moving out and someone moving in, it reduces the chips on walls, scratches on surfaces and general wear and tear which is inevitable...

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November 23, 2017

OWNERS ROLL CALL - WHAT DO TENANTS WANT?

5 KEY POINTS TO MAKE YOUR INVESTMENT PROPERTY STANDOUT

Before we get started, we just want to say that a better quality property will 9 times out of 10, attract better quality people in your property, thus, having stable, enjoyable and hard working investment. 

1. COMPETITIVE RENT

Pricing your property is what we are paid to do. Our recommendation is backed by experience, what's happening in the market, looking at comparable rents in the suburb, the street and even the building to accurately...

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