Why Maintaining Rental Properties is so Important

As a landlord, maintaining your rental properties isn't just a savvy financial idea - it's the law

. In Australia, there are strict laws laid out in the Residential Tenancies and Rooming Accommodation Act concerning how to maintain a rental property. Whether you're just starting out with investing in real estate, or if it's been a while since you refreshed your memory about it, the following information should be very useful to you.The Benefits of Regular Maintenance -By maintaining your rental properties, you are more likely to attract long-term tenants. Any property management company will tell you that long-term tenants are vastly preferable to those who come and go quickly. Regular maintenance also helps keep major repairs at bay, saving you a great deal of money over the long term. Periodically inspecting the premises of your rental properties is the best way to keep them in tiptop shape.What the Law Says -There are many fine points concerning the law when it comes to maintaining a rental property. For one thing, it must always be maintained so that it is fit to live in. If problems arise that make a property uninhabitable, you will be breaking the law in Australia. Your tenants have the right to live in a place that is safe and pleasant, which is why these laws are in place. Besides, letting a problem go only means that it will be that much more difficult to contend with later on down the line.Rental properties must also be kept in good repair. This basically means that the property must stay in same condition as when the tenant first moved in. That is, of course, barring any egregious damages caused by the tenant. One point that many people are confused about concerns inclusion items. If items such as refrigirators or dishwashers were included on the property and were included in the tenancy agreement, then they must be well maintained by the tenant. Make sure that you are prepared to maintain whatever appliances and other items that you keep in your rental properties.Emergency Maintenance -Certain problems must be addressed immediately when it comes to maintaining a rental property. The law dictates that a landlord must be able to have emergency maintenance performed as needed. All other forms of maintenance should be conducted within a reasonable period of time. For this reason, it pays to have a good team in place to handle such issues. Make sure that you employ the services of reputable contractors, or that your property management company is able to handle them for you. This won't just keep your property in good repair - it will help you adhere to the law, too.

Why Maintaining Rental Properties is so Important

By: EvaJudge

POST COMMENT

ED BiD PROPERTIES : Penang Property To rent or To Buy? Bulk Reo Properties And The Many Advantages Of Buying Them Getting Timeshare Resort Properties The Difference Of Miami Condos From Other Hybrid Properties Perfect Properties For Sale In Oklahoma Dubai Properties At Lower Prices: Make The Most Of It Largest And The Most Influential Properties At Terra Condo Horseproperties.net Horse Ranches For Sale What You Need To Take Into Account When Buying Foreclosed Properties Blue Water Properties presents a guide to "Green" construction in Costa Rica The Top Notch Properties In Wachovia Foreclosure Listings Are You Ready To Invest In Large Inventory Of Bulk Reo Properties? Find The Best Bargain For Foreclosed Properties