How to reduce water usage in a rental property

As a tenant you may be obligated to contribute to the water consumption of the property you are renting. Lessors are able to pass on the full water consumption charges to tenants if: the rental premises are individually metered (or water is delivered by vehicle), and the rental premises are water efficient, and the tenancy agreement states the tenant must pay for water consumption. Here are some ways that as an owner and a tenant you can reduce water usage…

Our 5 Secrets to Property Management Success

property management Brisbane
Our longevity lies in our over 18 years’ experience in Brisbane property management. Here’s our 5 secrets to property management success and why you should choose Position One Property as YOUR property manager.   Number 5 - Our team conduct open homes This may seem like a no brainer, right? Many property management agencies have given up on conducting open homes and instead rely on tenants booking inspections for your property. This means that if no one books then your…

How Do I Get My Bond Back?

how do i get my bond back
When a tenancy ends the first thing a tenant usually wants to know is, how do I get my bond back? As a tenant you must to do a “bond clean” or “exit clean” at the end of your lease.   A bond clean or exit inspection clean is the clean that must be done once the tenant (s) has completed their tenancy in order for tenants to get a bond return. For full bond to be returned, the property…

Do Solar Panels Increase Property Value?

solar panels increase property value
Climate change is becoming an ever-prevalent concern in today’s society. This concern is leading some home owners to invest in solar panels. But, do solar panels increase property value? Do solar panels increase property value? A realestate.com.au survey found that 85% of people believed that solar panels added value to a property with 78 per cent saying that it could be as much as up to $10,000. This figure will depend on the  system installed. Generally, the more panels installed,…

Renovating a Renovator's Delight, Without the Word Delight!

Renovator's Delight Paddington
This week is a personal story of struggle and survival, of hardship and pain of the trials and tribulations of buying a renovator’s delight.  But, without the word delight attached to it. Let me start from the beginning.  It was a rainy day and I took my youngest daughter to swimming lessons. My husband went to “check out an auction for a house that he hadn’t seen and definitely wasn’t bidding on”. Let me give you an indication of the…

Queensland Legislative Changes to Smoke Alarms in Rental Properties Qld

Smoke Alarms in Rental Properties Qld
In 2017 new legislation came into effect in Queensland requiring all smoke alarms in rental proprieties Qld to be photoelectric by 2022. Photoelectric smoke alarms detect visible particles of combustion. They respond to a wide range of fires, but are particularly responsive to smoldering fires and dense smoke. Changes to the smoke alarm legislation will impact every one of the Queensland’s estimated 550,000 rental properties by 2022. As a property owner, it is imperative that you protect your asset and as…

Examples of Better Real Estate Property Management in Brisbane

real estate property management
Do you want to experience better property management? Yes? ... Read on........ Position One Property pride itself on providing premium real estate property management in Brisbane at an affordable price. We listen to our owners and their concerns and provide constructive feedback, when required. Our team find quality tenants for your property and take the stress out of real estate property management. Unfortunately, this isn’t always the case for owners who didn't start with Position One Property. Many of our…

Investment Property Tax Deductions

Investment Property Tax Deductions
With tax time just around the corner it is time to look at investment property tax deductions.  When buying an investment property make sure you seek advice and know what investment property tax deductions you can claim.  Put simply investment property tax deductions entail 1) management and maintenance costs and 2) borrowing expenses. Management and maintenance costs, including interest on loans, can generally be claimed immediately (that is, deducted against your current year's income). Borrowing expenses, depreciation and capital works spending,…

Flat Fee Property Management - The Disadvantages

Flat Fee Property Management
As a property investor not only do you want quality property management, you also want value for money. This is why some property investors look for  flat fee property management. In this article we will look at the disadvantages of flat fee property management.  We will also analyse the negative impact it can have for you as an owner.    How a flat fee property management structure works There are several property managers in Brisbane offering flat fee property management but this…

What Tenants Look For in a Rental Property

What tenants look for in a Rental Property
As a property investor you want to find tenants quickly and get the maximum return you for your investment property. At Position One our team of property management experts has put together a list of what tenants look for in a rental property. Location Recent studies by the Australian Bureau of Statistics (ABS) have found scientific evidence that Australians who live closer to amenities and their chosen profession are happier and live longer than those who live in remote areas…