With lagging property values many investors are keen to raise the rentals on their investment properties to help keep up their returns.

As investors ourselves, you can be confident that at Metropole Property Management we understand the importance of rental returns on your investment and for this reason we are constantly monitoring the market rent on behalf of our clients. When a tenant vacates or a tenancy agreement is renewed, we automatically carry out fair market rent reviews to ensure that we are maximising your income.

It is important for landlords to understand that they can't just put up the rent when they "feel like it". When negotiating a rent increase it is important to note that there are legislated notice periods that we must adhere to.

What we look at when carrying out a rent increase:
Here are some of the things we look for before advising you on an appropriate rental:
*  The current rentals of similar properties
*  The date of the last rental increase on your property
*  The supply and demand of tenants and properties in your area
*  Council rate increases, interest rate increases and the increase in the CPI
*  Tenant feedback during the negotiations
*  Maintenance or renovations undertaken or requested

Of all these factors the supply and demand of tenants and properties is the biggest factor in the ability to increase rentals. If there are more rental properties available compared to tenants looking for them, then increasing rents will be difficult. However, if there is a shortage of rental properties, then rents will generally rise.

The good news is that with the prevailing low vacancy rates we are able to increase many rentals now, something that has been difficult to do over the last few years.

It is not always as easy as we would like. When managing rental increases on your behalf we must balance the emotions and reaction of the tenant with maximising your income. In some situations it may not be worth loosing a quality tenant for an extra $10.00 per week if there could be a possible vacancy period of a couple of weeks.

You can be assured that we are in the business of maximising your income and will discuss with you any issues that may arise during the rental increase process.

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Melbourne and Brisbane landlords - click here to find a property manager who cares as much about your property as you do

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How to Leverage Yourself Into More Top Performing Properties 

PropertyUpdate.com.au, Residex, API magazine and Investors Direct is sponsoring this series of seminars that deliver ….

Unconventional Insights From Industry Insiders

 

Property Investment Strategists from Metropole (Jack Henderson, George Kafantaris and Bryce Holdaway) will share with you their experiences on how to select high performing properties and how to make your properties work harder for you.

 

Finance Strategists from Investors Direct will share their unconventional view on finance which has helped many of their clients take their financial thinking to a whole new level. 

 

Senior partners from Chan & Naylor will teach you about Asset Protection, Trusts and Tax

 

These multi speaker events will be held in Sydney on November 10^th, Melbourne on November 17^th, Brisbane November 24^th and Perth Sunday December 2^nd.

 

Click here (link to page to be created by melonmail for this workshop) for full details including the free bonuses and to reserve your place.