Webinar Recap: Tiny Homes, Manufactured Homes, and Granny Flats - Unlocking the Potential of Alternative Housing Solutions

In these types of situations, as your property manager, we can only do our best to manage the situation and place the tenancy into the required legal process; however, we may not be able to avoid a financial loss.

Selling a tenanted property often makes financial sense for investors. Not only do you need to sell at the time that’s right for you in terms of the highest possible sale price, but continuing to receive rental income right up until the property sells can make a huge difference to your bottom line and ensure that you stay on top of investment loan repayments. It’s also appealing to potential investors if a property already has tenants in it.

A property that is well presented not only attracts a higher rental income but also a better quality tenant.  Increasing the rental income of your investment property is a top priority for smart property investors and it isn’t as expensive or as difficult as you might think.   A few low cost strategic improvements to your investment property could significantly increase its rental value meaning more money in your pocket each week. 

Although the title would suggest the amendment relates to changes surrounding the recent floodings in Northern NSW, the amendment instead focuses on changes to the core sections of the Residential Tenancies Act. These changes will directly affect how tenants and landlords can occupy, price, and vacate a property.