1. Understand your legal responsibilities
Familiarise yourself wth local legislation, including minimum housing standards, safety requirements (like compliant locks and smoke alarms), and rules around rent increases and notice periods.
✅ A good property manager will help keep your property compliant and up to date with legiskative changes.
2. Prioritise presentation and maintenance
Well-presented homes attract better tenants and higher rental returns. Regular maintenance also prevents costly emergency repairs.
🛠️ Consider a pre-rental inspection to address any safety issues or cosmetic touch-ups.
3. Get Landlord Insurance
Even the best tenants can’t prevent every problem. Landlord insurance can protect you against rent loss, damage and liability.
🔍 Look for policies that cover tenant-related risks and compare options carefully.
4. Set a competitive rent
It’s tempting to aim high, but overpricing can lead to longer vacancies. A property manager will access market trends to help you set the right price from the start.
📈 A realistic rent means faster leasing time-frames and more consistent income.
5. Choose the right tenants
Tenant selection is key. A thorough screening process – including rental history, employment, and references can prevent issues down the line.
✅ A property manager handles this for you, reducing risks.
6. Be financially prepared
Budget for unexpected repairs, vacancy periods and ongoing fees like rates, insurance and maintenance.
💡 A well-managed investment is still a business – cash flow planning is essential.
7. Work with a trusted property manager
An experienced manager handles the day-to-day work: marketing, inspections, tenant communication, compliance and repairs.
🤝 Think of your property manager as your partner – one who protects your investment and gives you peace of mind.