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8 Benefits of Indoor Plants

November 24, 2021

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Natural healers The aloe vera plant has many healing benefits, including its ability to clean air. The gel inside an aloe plant can help heal cuts and is also very effective at soothing burns, including sunburn.  The leaves of this super plant can also help to alleviate asthma symptoms by boiling the leaves in water […]

Why choose a Professional Property Manager

November 24, 2021

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Investors who are choosing to self-manage may experience more headaches beyond a couple of late-night phone calls. With rental returns under a downward pressure in many parts of Australia, landlords may believe they can save some money by managing their investment properties rather than using the services of an experienced property management company. Such a decision […]

Decorating Trends for 2018

November 24, 2021

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When it comes time to renting out property, it’s vital that your property is as appealing as possible to attract the right tenant. The best way to do so is to ensure that your property is in line with the latest trends. A forecast for popular trends in 2018; 1. Deep accented colours Emerald, plum […]

5 Tips to Make a Small Room Feel Bigger

November 24, 2021

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Whether you’re renting a small apartment or the living area in your home has much to be desired, there are some simple but effective changes you can employ to make a room appear more spacious.  Here are five top tips to help get you started and make a big impact with a small space. 1. Choose […]

What is the difference between ‘wear and tear’ and ‘damage’?

November 24, 2021

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What is the difference between ‘wear and tear’ and ‘damage’? It’s a conundrum faced by many landlords, agents and tenants, but why is it so confusing? Well, it is because there’s a very fine line been the different types of damage. Let us break it down for you… What is wear and tear? Normal wear […]

National Investment Property - June Market Snapshot

November 24, 2021

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Asking rents down In June, capital city asking rents were down 0.2 per cent for both houses and units – $553 p/w houses and $441 p/w units, according to SQM Research. In comparison to 12 months previous, asking rents for houses increased 0.4 per cent but declined 0.7 per cent for units. Adelaide, Darwin and […]

Should you be servicing your Air-conditioning unit?

November 24, 2021

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Regular servicing of an air-conditioner prevents malfunctions.  It is also an excellent way to make sure your system is operating as efficiently and cost effective as possible.  If the unit is low on refrigerant or has a water leak, this will cause a dramatic increase in energy consumption in your home or property. Did you […]

What you need to know about your rental bond moneyWhen taking on a residential tenancy, typically the owner requires the tenant to pay a security bond upfront. By law, the maximum security bond is four weeks rent for most properties. The purpose of the bond is to provide the owner with an opportunity to mitigate any losses, should they be incurred by the tenant. The Government Bond Administrator The bond is lodged with a specific Government managed trust fund called the Government Bond Administrator and is not kept by the owner or managing agent. If landlords and property managers do not pay the bond into the Government managed trust, they may be faced with severe penalties. A recent example of this resulted in the owner of self-managed rental properties being fined $24,000 for the misuse of bond monies. Getting your bond money back At the end of the tenancy, the managing agent will inspect the property to ensure it is in the same condition as at commencement of the lease (taking into consideration fair wear and tear). This is done by comparing the state of the property against the Property Condition Report (PCR) - a mandatory document required to be completed at the start of a new tenancy. The completed PCR is agreed to and signed by the landlord (or the managing agent on their behalf) and tenant at the commencement of the lease. From here, tenants typically receive some or all of their bond money back, depending on the condition of the property. Bond disputes Sometimes an outgoing tenant’s view of what constitutes ‘fair’ wear and tear differs to that of the owner’s or property manager’s view. This can lead to a disagreement over how the bond is disbursed. Sometimes, the tenant will leave smaller tasks like cleaning the oven or mowing the lawn, to the owner and give permission for the costs of rectifying them to be deducted from their bond. Occasionally, an agreement cannot be reached and the manner in which the bond is disbursed remains in dispute. In these situations, the PCR is relied upon to determine what damage, if any, occurred during the tenancy. For example, if the carpet is noted as being stained at the end of the tenancy, but if not noted in the PCR, it is difficult for the tenant to disprove responsibility. In the event of an unresolved dispute, the courts will ultimately decide the allocation of bond monies. It is important tenants ensure the PCR is accurate at the commencement of the lease. Make sure you agree with each item listed in the PCR and bring any items you think may have been overlooked to the attention of your property manager.   Reference: https://reiwa.com.au/information/renters/what-you-need-to-know-about-your-rental-bond-money/?utm_source=pardot&utm_medium=email&utm_campaign=reiwa.com-newsletter

November 24, 2021

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When taking on a residential tenancy, typically the owner requires the tenant to pay a security bond upfront. By law, the maximum security bond is four weeks rent for most properties. The purpose of the bond is to provide the owner with an opportunity to mitigate any losses, should they be incurred by the tenant. […]

Five tips to ensure you receive your full bond back at the end of a lease

November 24, 2021

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As a tenant in Western Australia, you are required to pay a security bond when you enter into a lease. Typically, the bond amount is equivalent to four weeks rent and is there to cover any costs the tenant may be liable for at the end of a tenancy, for example: Damages to the property […]

How to ace a rent inspection

November 24, 2021

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The life of a tenant can be somewhat precarious, especially when it comes to rent inspections, which can cause a lot of unprecedented stress and leave you feeling insecure in your rental. But this doesn’t need to be the case. If you actively make an effort to look after your rental property, you shouldn’t have […]

Five ways to secure your home while you’re on holiday

November 24, 2021

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With warmer weather, Christmas and a string of public holidays coming up it’s a popular time of year to pack-up and ship out for a well-deserved break. However, leaving behind a dark, empty house and an over-stuffed letterbox can invite unwanted attention. Here are five easy and cost effective tips for securing your home, so […]

Should you allow pets in your rental property?

November 24, 2021

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It is becoming increasingly common for landlords to allow tenants to have a pet in their property. There can be many benefits and opportunities of allowing pets on the tenancy agreement, but before you decide, make sure to consider the following pros and cons. Pros Increase your chances of finding a tenant Since 2015, the […]

The Pros and Cons of Rentvesting

November 24, 2021

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Ever heard of rentvesting? It’s an alternative way of getting into the property market and achieving home ownership sooner rather than later. Rentvesting is where you rent the property you want to live in, normally in a desired location, and then buy an investment property in a suburb you can afford. But just like any […]

What do the RTA changes for family violence mean for tenants?

November 24, 2021

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There have been some pretty significant changes to the Residential Tenancies Act 1987 (RTA) in 2019 to help protect victims of family violence. If you are renting a residential property and are the victim of family violence, you now have a number of options available to you to help you safely exit and manage the […]

Why negotiation is important when investing in property

November 24, 2021

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Property investment remains a very attractive prospect in Western Australia. With the Perth rental market in a recovery phase and housing affordability continuing to improve, there is plenty of opportunity for WA property investors to capitalise on these favourable conditions. When it comes to property investment, the vast majority of landlords in WA are ‘mum […]

Tax time: What property investors need to know

November 24, 2021

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The start of a new financial year means one thing to most people – tax time. If you’re an investor who rents out your property, it’s important you take the time to gather all your records, expenses and paper work in preparation for doing your tax return. Keep a good record log Being diligent with […]

Rental property security standards

November 24, 2021

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The lessor is responsible for the property having a minimum level of security in place. The minimum security relates to door locks, window locks and exterior lights. The security required is specified in the Residential Tenancies Regulations 1989. All rental properties must be in line with the minimum security standards specified in the regulations (as of 1 July 2015). […]

Reef's Law - Tenants now allowed to fix furniture to walls without Landlord permission

November 24, 2021

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Reef’s Law: WA Tenants Now Allowed To Affix Furniture To Walls Without Landlord Permission The legislation commonly known “Reef’s Law” has been passed today by Western Australia’s parliament. This legislation now allows tenants to be able to affix furniture to the walls of a rental property, following the death of Perth toddler, Reef Kite, who […]

How a $10 pipe can cost thousands in water damage to your home

November 24, 2021

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What is a flexi hose and how do I make sure it does not cause damage in my property? The flexi hose is a plumbing connection from the water main to major appliances, sinks and toilets, and has come into the spotlight as one of the top reasons a home is flooded — from water […]

Common Repair & Maintenance Questions

November 24, 2021

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Maintenance is a major point of contact between Peter Bruhn & Associates (PB&A) and its Tenants.  It is an opportunity to attend to repairs and pro-active maintenance of the property asset.  Repairs are carefully planned and prioritised to ensure critical and essential work is completed first.  Where possible proactive work is completed at the same […]