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.
When booking holiday home accommodation in Sydney, the first thing to look for is whether or not the property you are interested in is represented by a holiday rental specialist or by an owner directly. If you are booking through an owner-manager (aka FRBO or for rent by owner) you may be opening yourself to multiple inconvenient risks (e.g. double or overlapping bookings equaling in your booking being cancelled, and ultimately affecting your travel plans, lack of standards, poor or no response to problems, etc.) or far more significant issues such as blatant deception and fraud.