Tips for busy property investors

This article, outlines a few simple tasks that a busy property investor can do, to keep on top of their property. They are not time consuming, and if they were to be followed with a degree of diligence and discipline, they will hold you in good stead. What do you suggest for keeping on top
[Note: Most of the below information is an extract from the Royal Life Saving – “Be Pool Safe” website which can be found by clicking here) Summer is upon us. Before we know it, we will start getting hit with 30 or 40 degree days and for many, the only option will be a pool! That

6 Costly Mistakes Landlords make

No one said property investing was easy. And whilst most people talk about the front end of the process, the part by which one buys the property, the boring part of the journey, the part that involves holding the property for long, long periods of time, when nothing seems to happen, is rarely of interest!
Did you know that the safety window measures for strata schemes has been in effect since early 2018? They were introduced to prevent children from falling from windows. According to the requirement and as reported by the NSW Department of Fair Trading, strata building windows must be fitted with safety devices where the internal floor
What tenants look for?
With almost 30 years’ experience in real estate, I’ve come to realise that some property attributes – when present – seem to make rental properties more desirable to tenants which means that they rent faster. Having operated as both a landlord and property manager, bought and managed properties in different cities, and gained experience with
Smoke Alarm Compliance
This is a topic that I feel very passionate about…simply because there is a lot of misinformation out there and landlords have no idea how much risk they may be in! Smoke Alarms background For anyone that is not aware, the NSW State Smoke Alarm legislation came into effect on the 1st of May 2006
Never a dull moment in Real Estate. This week the industry was on the news again, thanks to the Royal Commission’s recommendation to abolish upfront and trail commissions to the Mortgage Broking Industry – which are currently paid by the banks. This is the not-so-successful UK model and the model introduced in New Zealand In
Forgotten Rent Increases
I see it all the time… rental properties come to us with a current rent of $20, $30, and even $50 or $80 lower than market rate. The reason is a phenomenon I call “Rent Increase Inertia”. What is “Rent Increase Inertia” and what should Landlords and Property Managers do to avoid falling into it? 

Season’s Greeting and Thank You

To our Dear Customers, Partners and Friends, 2018 has been an extremely exciting year for the NextGen Property Mgmt team. Since establishing ourselves 12 months ago, we have gone from strength to strength and we are proud to report as we are closing 2018, that we have achieved our objectives for the year. Our measure