News

April 01, 2020

STOP THE SPREAD - UPDATE FOR OUR OWNERS

I am always hesitant to send too many emails to our network; however, now more than ever, we believe effective communication is essential.

For Landlords/Owners - 

We are carrying on calmly and professionally. Yes, there are reasons to be concerned, but no, we will not be panicking. It is our responsibility to continue to manage your homes and investment properties effectively, and that's what we will continue to do.

In response to the media hype concerning rent freezing etc, we have responded to...

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March 23, 2020

NSW RESIDENTIAL TENANCY LAWS GET A MAJOR OVERHAUL. HOW DOES IT AFFECT YOU?

Wondering how the changes to the Residential Tenancies Amendment (Review) Act 2018 and the Residential Tenancies Regulation 2019 might affect you as a landlord or tenant? Not even aware they exist? Luckily, it’s our job to keep up to date on changes in legislation and how they impact you.

To save your valuable time, we’ve summed up the main changes below.

New smoke alarm obligations

This is the big one. Landlords and property managers will now need to ensure smoke alarms in rental...

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February 06, 2020

HOW TO TURN DETECTIVE AND WEED OUT RISKY RENTERS

This month, we’re going to show you how to properly investigate a prospective tenant because a bit of detective work before the start of a tenancy could save you a whole lot of pain in the future.  

Magnifying glass at the ready, let’s begin…

The key to any case is to go beyond the routine checks. Gathering bank statements and employment and rental histories will only tell you one thing about a person: they are capable of paying rent. Sure, that's...

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December 17, 2019

WANT TO BE A GOLD MEDAL LANDLORD? THEN COMMIT TO THESE PROPERTY NEW YEAR’S RESOLUTIONS FOR 2020

OK, so you might not be investing in property for the accolades but striving for a gold medal in The Outstanding Landlord Olympics* is a must as we head into a new decade.

Why? Because the most committed and involved landlords are the ones who get the best tenants, most rent and least amount of problems throughout the year – and we love working with them at Elevate!

These New Year’s resolutions will stand you in good stead as you make the...

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November 21, 2019

FIVE MONEY-EARNING NUMBERS LANDLORDS SHOULD TRACK

Tom Cruise’s character Jerry Maguire famously had a client yell “Show me the money!” at him as he tried to get him to sign up. While none of our clients have done that, we’re aware that the potential weekly rent of an investment property is the most significant number that a landlord needs to know.

That said, it’s not a good idea to select a Property Manager and Real Estate Agent solely on the promise of high weekly rent or a...

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October 22, 2019

Don’t Let Horror Tenants Spook Your Investment Experience

Halloween is just around the corner, and it got us thinking about nightmare tenants and how bad experiences often scare landlords into making rash decisions.

A dodgy tenant can put a dampener on your investment experience. On the flip side, you might be holding on to bad tenants out of fear of losing rent and worrying whether the new tenants will be worse.

Over the years, we’ve dealt with our fair share of horror renters, which means we now have the experience...

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October 15, 2019

The Market - Spring 2018

This newsletter feels like a repeat of the 2018 version!

Rental market - Has Spring helped? 

As we said in 2018, normally the warmer weather brings along a better (in general) rental market. To date, this has still not materialised! Achieving amazing results is not happening right now, and anecdotally, the downturn is 2% - 10% down, even 15% from last year (again, a generalisation). So, put away the rental increase mindset (unless entirely appropriate) and think about keeping good tenants on fixed term leases to ride out...

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May 12, 2019

One of my favourite clients...

It didn't start that way. Let me rewind only 6 months ago.

Introduced by another real estate agent who I met only a few weeks earlier (another blog post that), we knocked on a house in Surry Hills and waited. Another knock, another wait. I was thinking to myself, what a complete waste of a Saturday morning!

Then literally about 5 minutes later from above, from a small window frame, a little old lady yelled (I will call her Rose) out something...

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April 16, 2019

OPEN FOR INSPECTION

After a prospective tenant or purchaser comes through, why is it so important to know what they are thinking?

As an agent, we want to know...

  1. Are they genuinely interested?
  2. What aspects can be improved to the campaign - is it pricing or presentation? 
  3. Are we targeting the right market?
  4. Anything else?

Question for you - If you get called by an agent after an open home you have inspected, do you provide honest feedback, do you return their calls (!) or what feedback do you...

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April 09, 2019

INGOING INSPECTIONS

An ingoing inspection report is an important document for tenants, owners and agents to decipher how a tenant should leave a property at the end of a tenancy.

It provides transparency and an opportunity for the tenant to correct or amend anything (within the first 7 days it should be returned) that they see different with the property that the agent/owner has seen.

Often as agents we see the catchphrase "I have left it cleaner than when I moved in" so often....

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