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Landlords have developed their own set of rules, barring them from renting dirty places, telling lies or making racist remarks to tenants.
The national landlord membership and lobby group, the Property Investors Federation, has released a guide which it wants members to show to tenants.
Federation vice-president Andrew King said most members were already following the code. (more…)
Poor investments and over-borrowing could force more property investors to sell this year, causing property prices to dive, says Andrew King, vice-president of the Property Investors’ Federation.
This adds to the grim outlook portrayed in property mortgage insurer PMI’s mid-year report, released on Thursday, and Quotable Value’s monthly report, which is out tomorrow. (more…)
Finding good tenants is tricky enough, but choosing a property manager to do it for you also has risks, reports Penny Harding.
For some property investors, the hassles of finding tenants, chasing debts and organising maintenance are just not worth it. But hiring a property manager may not mean the end of trouble.
Property managers typically charge a fee of 7.5% – 8.5% of rental income and in return they will handle the messy details such as checking tenant references, inventories and dealing with tenant demands. (more…)
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