We have not seen a winter slowdown like the one being experienced in WA in the residential property market for many years. The vacancy rate continues to climb with tenants very scarce. Agents getting the tenants have had to be very creative in attracting tenants to their advertised properties. Incentives such as free rental periods, free cleaning services, less inspections are just some that are being offered. We must remember that every week the property is vacant is less money in the owners pocket and Continue reading →
Properties are renting but this is the time to be very much at market rate and also have your rental property presenting better than the competitors. Ensure the property is clean, fresh, has airconditioning, all mechanical items in working order and the property description and photos very appealing. With highest vacancy rate in many years you, as an investor, need to give your property every opportunity to rent.
More Real Estate Agent licensees are investigating outsourcing property reports, and that includes both Property Condition Reports and Routine Inspections. With property managers and assistants less willing to complete routine inspections due to time constraints, travel costs and scheduling difficulties, licensees are seeking an alternative. Thus a quality outsource company who can schedule in advance, handle negotiation with tenants, complete 100% of reports on the scheduled day and produce high quality consistent reports every time in with prompt delivery is a great option.