Key considerations before leasing your property

Leasing out your property involves thoughtful planning to ensure a smooth and successful experience. Asking the right questions and preparing thoroughly can help you maximise your investment and provide a positive experience for your future tenants.

Ensure your property is rent-ready

Before listing your property, it’s essential to address any potential issues that could deter potential tenants. Minor problems that may not bother you as an owner could become dealbreakers for tenants. Focus on areas like fixtures, fittings, and appliances – upgrading or repairing these can enhance durability and tenant satisfaction.

Pay particular attention to high-use areas such as bathrooms and kitchens. Resolve issues like mouldy grout, leaking taps, chipped paint, or outdated fittings. Additionally, cleaning or replacing carpets, repairing walls, and updating curtains or blinds can create a welcoming environment that attracts quality renters.

Where to start

Managing a rental property requires expertise, and hiring a professional property manager is one of the best decisions you can make. A knowledgeable property manager will navigate tenancy laws in your state and work to protect your investment.

At Image Property, our property management team prioritise your interests and provide clear communication. Their support can streamline the leasing process and ensure your property is in safe hands.

Understanding rental costs and fees

Renting out your property comes with associated costs, so it’s crucial to plan ahead. Your agreement with your property manager, called an exclusive leasing and management authority, will outline their responsibilities and fee structure. This transparency is essential for avoiding future surprises.

Typical fees include:

– Management fees

– Leasing or re-letting fees

– Marketing fees

– Administrative expenses

Preparing for repairs and upkeep

Repairs are an inevitable part of owning a rental property, but a proactive approach can make them less stressful. Your agreement with your property manager should include provisions to authorise urgent repairs up to a specified amount, and with certain tradespeople if that’s what you have requested.

Clear communication with your property manager ensures repairs are handled promptly and effectively, helping to maintain the value of your property and keep tenants satisfied.

Choosing the right agent for you

Leasing your property can be a rewarding investment when managed correctly. By addressing these considerations and partnering with an experienced property management team, you can enjoy peace of mind knowing your property is in capable hands.

At Image Property, we’re proud to provide award-winning property management services. Our team offers expert advice on legislation, tailored strategies for your property, and a commitment to protecting your asset.