Fitzpatricks vacancy rate continues to be consistently lower than the total REINSW average for the Riverina.
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There are two types of tenancy agreements which can be entered into. A ‘fixed term’ agreement is where the tenant and landlord are locked into the lease for a set period of time, i.e. 6 or 12 months. Once this period expires, if the tenant wishes to stay in the property they may enter in to what is known as a ‘periodic’ agreement, which runs week to week, unless …
Continue readingAs your managing agent we have a legal obligation and duty of care to ensure that your property is safe, clean and fit for a tenant to reside in. Property investing has become serious business. There are great long term profits to be made, however, every investment needs to be nurtured and looked after. As an investor you should be scheduling the following maintenance at …
Continue readingFitzpatricks vacancy rate has been consistently lower than the total REINSW average for Riverina. Our current rate for February is 2.24%, 1.26% lower than the regions average. Constant reviews of properties that are coming up for lease or are currently vacant is essential to securing the right tenant for your property. Key areas that should be monitored are: 1st impressions: ensuring the property is presented to a …
Continue readingOur office understands the importance of rental returns on your investment. For this reason we are constantly monitoring the market rent on your behalf. When tenants vacate or a tenancy agreement is renewed, we will carry out a fair market rent review, investigating: Rental prices of similar properties in the neighbouring area Supply and demand of tenants and properties Council rate increases Interest rate increases CPI …
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