Understand the local landscape: Leverage data from sources like Domain and CoreLogic to analyse current rental trends, vacancy rates, and average rents in specific suburbs.
Price strategically: Set competitive rental prices that attract quality tenants while maximising your return on investment.
Avoid overpricing, which can lead to prolonged vacancy periods.

First impressions count: A well-presented property attracts quality tenants and commands a higher rent. Professional styling: Consider professional property styling to showcase your property’s best features. Minor renovations: Upgrades like fresh paint, new carpets, or updated kitchen and bathroom fixtures can significantly increase appeal and justify a higher rent. High-quality photography and virtual tours: Use professional photography and virtual tours to showcase your property effectively online, attracting a wider pool of potential tenants.

Thorough screening: Conduct comprehensive background checks, including credit checks, employment verification, and reference checks, to identify reliable and responsible tenants. Minimise risk: Reduce the risk of problematic tenancies by carefully selecting tenants who are likely to pay rent on time and maintain the property responsibly.

Build strong relationships: Foster open communication with your tenants and address their concerns promptly and professionally.
Provide excellent maintenance: Ensure timely and efficient maintenance to minimise disruptions and maintain a positive living environment for your tenants. Offer flexible lease terms: Consider offering flexible lease options, such as shorter lease terms or options for early lease termination, to attract and retain high-quality tenants.

Utilise online platforms: Leverage online platforms and property management software to streamline communication, manage maintenance requests, and collect rent efficiently.