With the majority of the property management related announcements out in the open we thought we’d take a moment to put together some FAQ’s to answer the most common questions that are popping up. If we missed something, please ask – you may help answer someone else’s question as well!
Hope that you’ve all had a relaxing and restorative holiday break with family and friends. The new year is all about taking a moment and re-evaluating, and as we also enter a new decade, this seems to be even more pronounced. Here are the three themes we’ve picked up on when speaking with our owners recently.
We know that it can be stressful being a property owner and landlord. Being experienced investors ourselves, many of our property managers understand the feeling of balancing a very busy plate! That’s why we like to keep our clients aware of changes in the property world that might affect them.
We love our little chats… Seriously, the dialogue we have with all our owners is hugely valuable for us, but we knew we needed to cast the net wider. A common comment from owners in our last survey was that we should also survey tenants to find out what they wanted, and what they were feeling about things, too!
It’s good practice to, once a year, review the performance of your investment portfolio in order to keep track of how your investment goes beyond the initial cost of purchase. Part of this complete picture is understanding and planning your ongoing expenses. Forecasting in this way ensures you don’t find yourself under unexpected financial pressure anytime in the future.
Property ownership is wonderful, but it comes with a level of responsibility. For starters, you have a responsibility to your tenants to ensure their home is safe, healthy and comfortable to live in. New laws came into place in July 2019 that introduced minimum standards for the heating, ventilation, insulation, moisture ingress, drainage and draught stopping of rental homes. But don’t fret – we’ve got you covered.