The rental market is generally buoyant in much of Queensland.  Yet, the standard of property management Brisbane landlords receive is often inefficient. Of course, there are some excellent residential property management companies in the city doing a great job. However, you don't need to be a big landlord – with dozens of properties in your portfolio – to benefit from checking the market once in a while. If you do so, then you may well find that your current rent…

So you’ve taken the leap and bought your very first investment property. But what happens next? It can be a daunting experience if you’re not quite sure what to do.  So, we’ve compiled a list of best next steps.   1. Find a GOOD Property Manager - for your First Investment Property and Others to Come Although it might be tempting to self-manage your first investment property to save a few dollars, it will likely cost you more in the…

Recently, we conducted an in-house questionnaire with our new owners on what makes a good property manager. The answers have provided some insight into some of the factors that they weigh up when building on a property portfolio.  In particular, their answers gave insights on how to ensure they find the most appropriate property manager for their investments.   Good Property Managers One of the most important parts of their financial journey is a property manager.  It was important to…

Choosing the right property and tenants is critical in making your investment successful. This does naturally mean an increased amount of responsibility for you.  Firstly, you will need to screen tenants, collect rentals, effect repairs, etc.  Fortunately, you can hand these responsibilities over to a property management company to take care of for you.  But, there are some basic things you will need to consider first.  One of those things is whether or not you are going to be one of…

Anyone who owns investment property will be wanting to know what rental property tax deductions they can claim.  When it comes to your investment property, of course you want to maximise your return. The best thing you can do is plan ahead and know what you can claim on tax and what you can’t. Keeping good records will make it easier for you when tax time comes around. So keep a checklist and with everything itemised to make the end of…

Owning an investment property can be stressful if you don’t have a good real estate property management company handling it for you. So, it pays to instantly recognise bad property management when you see it.  Because, on the flip side, a great property manager can actually optimise your investment property return.  The right property manager even makes your role as in investment property owner a delight!  At Position One Property, as your property manager, our role is to ensure everything runs…

If you’re renting, you most likely understand the feeling of your living spaces not quite feeling like home. It might be because you’re not sure how long you will be there.  Or, it could be because you don’t know how to make it more homely without alterations. It’s common to feel this way when you're renting.  Fortunately, there are strategies you can use to create a sense of home in your temporary space. At Position One, we want our tenants…

As an investment property owner, do you know what the key responsibilities of a property manager are? At Position One Property, we have over 18 years’ experience and know what we are doing.  Furthermore, we go above and beyond for our clients. But there are some basic property manager duties that ALL property managers should be doing. This article highlights some of their roles and primary obligations. Key property manager responsibilities include: Looking after your valuable asset  Owning and leasing…

Increasing the value of your rental property is relatively easy and an effective way to get the most out of your investment. A small initial outlay can make a significant difference to your return.  We're often asked how to increase rental property value, so we've compiled a list of our favourites.  Here are some of the simplest and quickest ways to increase the value of your rental property.   Don’t ignore the basics Have the carpets professionally cleaned, paying attention…

If you own an investment property, or you’re looking at purchasing one, you’re probably wondering whether you need a property manager or if you can save some money by handling it on your own. But the truth is, self-managing your investment property can end up costing you more than hiring someone who knows what to do and how to do it well. In this article, we highlight the benefits of hiring a professional to manage your property and the potential…