“I’ve Just Purchased My First Investment Property – How to Be a Good Landlord?”
Well first, congratulations on becoming an investor. It is a smart move and cheers to many more in the future. Addressing your question, here are a few high priority items to get you started:
Water efficiency – Your property must be water efficient to enable the water usage charges to be passed on to your tenants. The cold water tap on the kitchen sink and bathroom vanity must have a max. 9 litre flow and so does each shower head.
Smoke Alarms. Ensure smoke alarms are fitted in compliant positions, working correctly and are not out of date. We strongly recommend for a small annual charge a Smoke Alarm testing company who Service and Certify the smoke alarms for peace of mind.
Blinds and curtains – always ensure blinds and curtains are safe for children.
Appliances and furnishings – If possible remove all excess appliances and furnishings from the property. You are required to maintain and replace all furnishings and appliances left there should they require repair or replacement.
Heating and cooling – Consider installing an air conditioner – This will add value to your property and make the property more attractive to tenants.
