Consider your tenant as well as your income

 

Your property manager understands that a secure tenant equals a secure income. If your tenant is on a fixed term lease, they will feel secure and that feeling will often translate into a renewed lease when it comes time to extend that invitation.

Many people may never own their own home, either by choice or by circumstance, but feeling like the house that they rent is home will reward you, the landlord in two ways. Firstly and most obviously with a regular rental income and secondly; a good and happy tenant will take good care of the property because it is their 'home'.

If you have a good tenant, you might fall into the trap of allowing the lease to remain open ended after the fixed term expires because you don't want to 'confront' a good tenant with a new lease to sign. The fact of the matter is, the new lease will provide your tenant with the peace of mind of knowing that they will have somewhere to call home until that lease expires.

Should you wish to enter into a new lease with your current tenant, we will ensure that the tenant is listened to and feels happy upon the signing of the new lease agreement and understands that by entering into a new fixed term lease we can guarantee them security of tenure for that term.

Keep in mind that renewing the lease with your current tenant will save you fees and expenses as well as wear and tear that occurs when tenants vacate and move in to your investment property.

 

Posted on Friday, 11 September 2020
in Top Tips

Previous Next

Archived Posts

Tags

#DeeWhyMasterPlan #DeeWhyPropertySales #DeeWhyTownCentre #DoyleSpillane #DoyleSpillanePropertyManagement #FAQ #FAQs #FederalBudgetProperty #NegativeGearing #keepyourhousecool #locallyyours #mostcommonquestions #newlaws #newresidentialtenancylaws #newtenant #NorthernBeaches #NorthernBeachesCommunity #NorthernBeachesHousesforSale #NorthernBeachesProperty #NorthernBeachesPropertyManagement #nswstratalaws #propertymanagementnorthernbeaches #propertystyling #RateMyAgent #renovation #northernbeaches #locallyyours #RPM #SpringPropertySales #summerenergysavingtips #SydneyHouseHunting #SydneyPropertyMarket #tenancylaws #tenant #tenanttips #underquotingreforms #winterpropertystyling Airbnb Auctions Northern Beaches Australian Property Monitors dee why property management department of Fair Trading Depreciation on Property Investment Doyle Spillane landlord tips Doyle Spillane Property Management Doyle Spillane property mangement Doyle Spillane Property Sales Doyle Spillane Real Estate Doyle Spillane Selling Tips executive homes for lease geoffharris Heart for the Homeless home and unit renovations houses to lease northern beaches landlords leasing northern beaches Love your local business Moving Northern Beaches Northern Beaches Investment Properties Northern Beaches Project Management Northern Beaches Property Investment northern beaches property management Northern Beaches Property Sales Northern Beaches Rental Market Northern Beaches Sales northernbeachesproperty NSW Department of Fair Trading NSW Strata Laws Property Investment property management Doyle Spillane property management Northern Beaches Property Observer Property Sales Northern Beaches ratemyagent residential property manager RP Data RP Data Quarter Rental Review Short Term Rentals Northern Beaches Smith Family toy& book appeal Spring Cleaning Spring Property Sales Strong Market for Northern Beaches Rentals Sydney Apartment Living Sydney Property Market Investment Tax and Property Investment Tenancy Complaint Service tips for Landlords tips for leasing your property Tips for Preparing Your Home for Sale Vic Lorusso