Landlord - FAQ

How long will it take to lease my property?

Statistically the REIV suggests it will take 4/6 weeks to find a suitable tenant however it really is a matter of supply and demand. Your experienced property manager will ensure that the property is suitably marketed to the right audience at the correct price, coupled with private viewings we will minimize your vacancy period.

How do you record the condition of the property before the tenant moves in?

infolio Corporation we will take a detailed written condition report, this is offered to the tenant who is given 3 business days to add their own observations, we also take a digital photographic report which complements the written report and offers a accurate picture of the property prior to the tenants taking possession.

Why wouldn’t I manage my own property?

Well you can, there is nothing legally and practically to stop you however you do not have the means to protect yourself from unsuitable tenants who unbeknownst to you have an unsuitable rental history. Are you prepared to stay completely familiar with ongoing legislative changes? Do you have the time to track ongoing market conditions and coordinate and carry out maintenance? Appointing a qualified property manager comes down to a worthwhile economy of scale, plus management fees are tax deductible.

Can you pay the invoices out of the rental?

Yes we can, all maintenance, body corporate and rates notices can be deducted off the monthly rental, that way it will be detailed on your income and expenditure statement making your accountants job much easier come tax time.

Do I need insurance even though I won’t be living in the property?

We always suggest our clients avail themselves to any insurance that provides them with useful and practical protection. Asides from the usual property related insurance such as building, contents and public liability, investors can protect themselves from things such as loss of rent and tenant related damage to their property. This type of insurance is generally low in cost and readily available.

Do we need to advertise; can’t you just tap into your database of tenants?

We will always advise you to market your property on the internet, we are finding almost 90% of all our tenants are being sourced by the web – it’s a numbers game, the wider you cast your net the better chance you have of sourcing a suitable tenant within in short period of time who is prepared to pay the right price. The cost of advertising on the internet is considerably cheaper than the days where we advertised weekly in the paper and is also as a one off fee and does not accrue each week.