Newcastle Living

Property Manager Q&A

Exceptional property management creates confidence for landlords and property investors. Our team of experienced Property Managers will not only support you in managing the day-to-day operations of your property, but are also committed to helping you achieve the maximum financial returns on your investment. Ray White Business Development Officer, Vivien Rendina, takes you through some of the most commonly asked questions we receive from landlords.

Property Manager Q&A

Why is it important to hire a professional Property Manager when I can just collect the rent myself? I already know the tenants.

Engaging a professional Property Manager to oversee your rental property on an ongoing basis provides landlords with peace of mind knowing that the property and tenancy is being managed from a legislative perspective.

Systems and processes are also in place to ensure there is absolute clarity concerning the rights and obligations of both the tenants and landlords. A Property Manager is also required to undertake continuing professional development to ensure that they are up to date with all skills and knowledge required to do their job.

A Property Manager will be the main point of contact for the tenant, which allows the landlord to take a step back while feeling confident that the property is in good hands.

How often can I do inspections on my rental property?

Legally, a formal inspection of the property can only be undertaken four times in a 12-month period. The tenant must be given at least seven days’ written notice each time an inspection is intended to be carried out.

Interest rates have increased on my investment property, I want to increase the rent. What am I permitted to do?

Given the recent interest rate rises, many landlords are considering rental increases. It is worth noting that certain rules apply depending on the nature of the rental agreement.

For a fixed-term agreement of less than two years, the landlord can only increase the rent during that time if the agreement already stipulated the increased amount upon the tenants signing it.

For agreements with a fixed-term of two years or more, the rent can only be increased once in a 12-month period. If an agreement does not specify a fixed term or if the fixed term has ended, the rent can only be increased once in a 12-month period as well.

Vivien Rendina

Vivien Rendina
Business Development Officer Ray White Newcastle Lake Macquarie
Email vivien.rendina@raywhite.com


More questions?
Our team can help.

Office 1 Union Street,
Newcastle NSW 2300