The feedback we generally get is that having a good tenant is really important when renting a property out. I would also add that there are a few other things that need to be added for successful property investment.
You want to make sure you are maximising your current rental returns. Rental prices have gone up by 12% this year after being flat for many years. Some properties we have newly started to manage have been leased at 25% below market value. Once they started working with us we increased the rent for the owners. Also did you know that leasing out in Winter results in a 10% lower return than in the warmer months of the year? We always aim to have leases expire between Spring and Easter to maximise your return. At Guildea we also reduce the risk with insurance, fire, smoke detectors, tribunal and paperwork compliance. We are proactive on emergency repairs, we also offer our advice on improvements that add to the saleable value and rental returns for your property. If you wish we are your set and forget property management team – we are your eyes and ears.
If you are interested in maximising your investment and aren’t getting the return or service you deserve please reach out to our team.