Renting Information

PROPERTY MANAGEMENT & INVESTMENT GUIDE

A few thoughts on purchasing and managing investment property… Property represents a very secure, sound, long term form of wealth creation. As such, many people are turning increasingly to property investment to secure their future. A well managed investment can offer many advantages including income and capital growth. Many investors may also be able to use their investment to reduce tax payable on their assessable income. Property is also a good option as part of an investment portfolio, particularly with people who do not need immediate access to their money and wish to protect themselves against inflation over the long term. It is important, however, to be aware of the responsibilities of managing your property investment and assuring proper care and responsibility. As considerable money is at stake, you need to take the time to get good advice before you act – and remember, consideration of any investment presents wide and varied alternatives and there are always plenty of experts ready to pass on their opinion. It is wise, therefore, to always seek appropriate advice from a qualified financial advisor or your accountant.

PROPERTY MANAGEMENT SERVICES

IEC Real Estate have long been market leaders in property management in our area. During this time we have specialised in property management offering a large range of services to our many respected landlords. There are many reasons why IEC Real Estate should manage your investment property. We can advise on current rentals for your property type and area and set a rental rate to give you the greatest return on your investment. We take the hassles out of managing your property. Call us to find out how we can assist in managing your real estate assets.

WHAT IS A PROPERTY CONDITION REPORT?

This is a report that is compiled at the commencement of a tenancy prior to your tenant moving into the property. This report outlines the condition of the property at the commencement of the tenancy and is used when the tenant vacates to ensure that the property is left in the same condition. This is the last inspection carried out as soon as possible after the end of a tenancy, when the tenants have returned their keys. The Property Condition Report is used at this inspection and each item is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.