Reactivating your short-term rental property – what you need to know
There is more to re-listing your property then just flicking a switch and turning it back on. We’ve devised a ‘Reactivation Checklist’ to make sure you are set up for success!
There is more to re-listing your property then just flicking a switch and turning it back on. We’ve devised a ‘Reactivation Checklist’ to make sure you are set up for success!
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.
In the last few years NSW Fair Trading has made significant changes to tenancy regulation and leasing terms. Most notably perhaps are the variations made to tenant’s financial obligations when breaking a fixed term lease.
Unlike a fixed term lease agreement, where there is a clear end date to a rental contract, a periodic or rolling lease has no set termination date until notice is given by either the tenant or landlord to conclude the rental.
Mould can be easy to control if dealt with immediately or if preventive measures are taken throughout your day-to-day life to manage it.
They wanted flexibility to accommodate their lifestyle of travelling to and from Sydney while still being able to utilise the idle capacity of the home when it was empty. Enter, Short Term Rentals – the perfect solution for them. It allows Daniel and his family to use the property themselves at any given time during the year, whilst making a revenue while it’s empty. The ultimate dream!
While all other pedestrian agencies would not touch the property as it had a limited period of availability, we saw this as the perfect opportunity to bring the property on and optimize the summer period over the 5 months the property had available.
Ready to reactive your property for short term rental? It’s not as easy as you may think. Here’s our list of things you should consider first.