Want to update your property in a way that makes sense to potential tenants and your hip pocket? This article outlines some practical ideas that can yield stronger results when property investors are looking to rent their property quickly to good-quality tenants.
Kathy had acquired a property behind the beach in Manly, NSW. She was local to the area, and before moving in, she wanted to update it to be the family home of her dreams. This meant hiring an architect and putting in a development application, which was very exciting, but we all know that council planners and neighbours can change their minds at any time.
Many people (including property owners) hear the words “short-term rentals” and grimace. They conjure up images of 10 people sharing a 3-bedroom vacation rental or a mansion holiday home for the weekend, partying until 4 am; resulting in a massive clear up for the owners and neighbours left with a bad taste in their mouths.
Selling a property always comes with its own complexities and, if you are a landlord wanting to sell your investment property while it is tenanted, it can be slightly more complicated than normal. There are several significant considerations regarding tenants and appropriate notice periods that must be taken into account before launching any sale campaign for your investment property.