When your property is built and you're ready to start earning rental income, it’s important that you appoint a professional Property Manager and sign a Managing Agency Agreement to avoid delays in securing a tenant.
A Property Manager will help you manage the day-to-day requirements of your investment, including finding a tenant, lease payments, inspections and act as your point of contact for anything relating to the property.
Alternatively, in other regions we can recommend an experienced Property Manager or you are free to choose one yourself.
Once your property is tenanted there are a number of things you need to do to help maximise your return.
Insurance and rent default cover
Obtain Building and Landlord Insurance in case of unforeseen events such as fire or flooding, along with any malicious damage caused by your tenants. Rent Default Cover minimises your financial exposure should the tenants stop paying their rent, or if the tenants leave the property with no warning.
Your new property will come with a range of warranties on the inclusions such as dishwashers and air conditioners etc. It’s important to review these and keep the details in order should you need to make claims during the warranty periods.