Why Invest in Property
Investment in property is one of the most stable forms of growing your wealth. While markets change, and property prices rise and fall, the cycle always continues. The key is to buy when the market is down and sell when the market is up—this will almost always guarantee a return on your investment. If you would like to grow or start an investment portfolio, talk to Q6 Real Estate agent to learn more about the options available for investing in property.
As an investment property owner, you want to know that your property or properties are being managed by a team of professional, ethical, and caring people. This is exactly what Q6 Real Estate strives to achieve for all our investment property owners (landlords). Q6 Real Estate offers a personalized service, from the purchase process through to finding a quality tenant who will treat your property as their home. We pride ourselves on delivering quality service.
Property management is an industry that undergoes legislative changes constantly, so it’s important to ensure your investments are managed by people who stay informed and follow the right procedures to maximize your returns. By choosing Q6 Real Estate, you are selecting a Property Management team that is fully trained in all aspects of property management and understands the obligations of both landlords and tenants.
Key Considerations When Choosing a Managing Agency
Selecting the Right Property Manager
Selecting the right property manager is one of the most fundamental decisions you’ll make, as it can significantly impact your overall returns and your enjoyment of the investment process.
Over the past few years, property management has transformed from a simple rent collection service to a dynamic investment management system. This evolution has brought the need to manage new legislation and its implications, ensuring fairness for both owners and tenants alike. This includes acts like the Strata Titles Act, Residential Tenancies Act, and deregulation of fees charged.
It’s vital to choose a reputable agency with a strong track record, as the agency owner is ultimately responsible for your property. When you choose Q6 Real Estate, you join thousands of satisfied property investors and owners who trust us to professionally manage their properties.
Our Property Management Service
When you entrust your property to Q6 Real Estate, you are exclusively authorizing our agency to act on your behalf. An experienced property manager will be appointed to oversee the day-to-day management of your property and tenancy.
- Our property management services include:
- Professionally screening and selecting tenants.
- Providing a detailed explanation of owner/tenant rights and obligations.
- Receiving rent and issuing receipts.
- Arranging property repairs and maintenance.
- Paying accounts, such as water services and council rates.
- Processing insurance claims as necessary.
- Exercising owner/tenant rights to terminate leases and tenancies.
- Reletting the property when vacancies occur.
- Preparing and checking property inventories.
- Conducting professional inspections at the beginning, during, and end of each tenancy.
- Providing personalized and lawful services as directed by the property owner.
Such authority is given for a period of time and remains valid until either party provides 30 days’ written notice of termination.
Finding a Tenant for Your Property
Securing long-term tenancies is key to maximizing investment returns. As your trusted agent, Q6 Real Estate will use our expertise, knowledge, and resources to find the most suitable tenant in the shortest possible time—someone who will treat your property with care.
Our Marketing Strategies Include:
- Hosting open homes inspection and private inspection to attract a pool of candidates.
- Advertising through various channels, including:
- Rental search websites.
- “For Rent” signboards.
- Referral from existing tenants.
- Social media advertisement.
- Agency rental list.
- Email newsletters.
- Inter-office referrals.
Advertising costs are accurately accounted for and submitted at the start of each tenancy, with the benefit that these expenses are tax-deductible.
Setting a Fair Rental Price
Determining a fair rental price is one of the most critical decisions you’ll make as a property owner. Your Q6 Real Estate property manager is best equipped to assist you in setting a rental value that reflects the property’s condition, location, and rental market trends.
Overpricing can deter potential tenants and increase advertising expenses while causing prolonged vacancies. Striking the right balance ensures you secure a tenant quickly and maximize returns.
Your Responsibilities as the Property Owner
Owning an investment property is a popular method of building wealth, but it comes with specific responsibilities, such as:
- Ensuring the property is clean and in good repair.
- Complying with health, building, and safety laws.
- Performing necessary repairs and maintenance to maintain the property’s condition.
- Keeping accurate records for allowable tax deductions related to repairs and expenses.
Disclaimer
This information is provided as a guide only. Q6 Real Estate, its members, directors, offices, and employees do not guarantee the accuracy or completeness of this information and shall not be liable for any loss or damage arising from reliance on it. We recommend seeking independent advice from real estate, financial, taxation, or legal advisors before entering into any transactions.