Rental Property - Thousands of Australian Rental Properties Available » Rental Property Investing

Renters let landlords know what they want

admin — Fri, 16 Sep 2011 05:40:17 +0000

In the latest Renters Survey conducted by rental property website rent.com.au there were important insights into the changing needs of renters and their desire to customise the property they rent to make it more of a home, and therefore have longer leases.

Things they would like to change include being able to paint, modify gardens, and put up their own pictures.

Landlords prepared to accommodate such requests are more likely to attract a good long term tenant who could potentially pay more rent, but possibly increase the value of the property at their own cost.

The other big want renters clearly indicated would influence which rental they chose was the ability to have a pet. Over 70% of renters indicated this was a strong factor for them in deciding on a rental.

For the full information on the Renters Survey find the article here

Twice as many rental properties to search for

admin — Thu, 07 Jul 2011 03:32:46 +0000

rent.com.au has added 1000′s more agents to its website in the past few months, more then doubling the number of rental properties that can be searched for in all states of Australia. Landlords now also have a wider chioce of property managers to search for when looking for a property manager to manager their investment property. Just visit www.rent.com.au.

Queensland Floods to cause rental shortage

admin — Fri, 14 Jan 2011 06:23:39 +0000

The devastating floods in Queensland in January 2011 are going to create a major shortage of rental accommodation as people in existing rental properties seek alternative accommodation, as well as those homeowners whose properties have been destroyed in the floods require temporary rental accommodation whilst they rebuild.

Real Estate – Tips For Investing in Rental Property

admin — Mon, 14 Sep 2009 07:23:14 +0000

Despite its risk, investing in rental property can be an exciting experience that can increase your income, and provide you with a high degree of satisfaction. However, being a landlord is sometimes not all that it is made out to be, and there are a number of important considerations that you should make prior to committing to any investment. Before you can even begin to undertake such a venture, you will need to find out if your credit score is sufficient to enable you to qualify for a second mortgage, or a new loan – it will often take an excellent score to even get started. You will also need to demonstrate that you have a satisfactory debt to income ratio before your bank will decide that your funds warrant the loan.

After that, you will need to consider what kind of property you want to buy, since there are so many options available. You can invest in single family homes, duplexes, apartment complexes, commercial real estate, and other types of properties, depending upon your appetite for risk, and how aggressively you want to invest. For these decisions, it is often helpful to engage a real estate agent who can guide you toward many of the best opportunities, and advise you as to the market value of the area. In order to make a profit from a rental property, you need your property’s market value to be at or below that of the surrounding properties.

Many investors do not make a huge profit with their first investment – but having a goal of recouping the mortgage costs and management fees will still enable you to build equity in the property. That equity will prove valuable as you need to secure more capital for additional investments later. But for now, you need to run all of the numbers to determine all of your costs – mortgage, insurance, management costs, and upgrades – and then determine whether the amount you can charge will enable you to be profitable. Also consider how long the property can sit idle without being rented, as well as what level of loss you are positioned to sustain in the event of a deadbeat renter. Having a manager for your rental property can help you to focus on these issues rather than worrying about every issue with the property itself.

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