Privacy and access laws in New South Wales state that a property can be inspected four times in a 12-month period. Seven days written notice must be given to the tenant. On a long-term lease, 14 days’ written notice must be given and general inspections can only occur once in any 12 month period.
How often should you check your rental property?
Usually the first couple of visits give you a feel for the tenants which can determine how often you’ll need to visit but every 6 months as a minimum is advisable for the first year or two. If in any doubt about the tenants at each visit take a camera and the inventory to keep on top of any potential issues.
Do landlords look at debt?
When reviewing a tenant’s credit report, landlords should look for significant amounts of debt. A tenant’s debts may affect their ability to pay rent each month. If a prospective applicant carries excessive debt, then it may render them unable to handle rent along with all of their other financial obligations.
When to check in and check out at a rental property?
You should always try to complete the check-in and check-out process at the rental property with the tenant/s present. That way everything can be agreed on the spot and all the documentation completed and signed there and then.
What do you need to know before renting a house?
The best way to avoid problems is to keep your unit and building in good condition with. Before renting to tenants, double check that your rental property is a safe place to live. It’s worthwhile to spend money to make sure everything is up-to-code and all utilities work. For example: Make sure all vents are free of buildup (debris, moisture, etc.)
What should I do to check my tenants in and out?
You should walk around the whole property, inside and outside with your tenant/s to make sure they agree with the inventory and condition statements and you can discuss anything which is not clear to them. You can explain the condition of items stated in the report and make sure the tenant/s is aware of what is expected of them during the tenancy.
What’s the best way to find a landlord?
Pricing your rental at the rent price that makes sense in your location can mean the difference between vacancies and attracting good tenants so you can rent your property quickly. You can also use online applications such as Rentometer to help guide your rental rates.
