Know Thy Tenant

Know Thy Tenant! Interesting stats and facts about the person that pays your mortgage!

How well do you understand your tenants? have you ever thought about their habits when they look for a suitable property? This article is designed to shed some light on these mysterious people who occupy an investor’s biggest asset, and quietly and patiently help you pay the mortgage week in, week out! today, I thought
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Season’s Greeting and Thank You

To our Dear Clients, Partners and Friends, 2019 has been an extremely exciting year for the NextGen Property Mgmt family. Since establishing ourselves, we have gone from strength to strength and we are proud to report as we are closing 2019, that we have achieved our objectives for the year. Our measure of success, is
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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!
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Swimming Pool Requirements for Rental Properties in NSW

[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
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Vacancy in December? PLEASE READ NOW!

Oh, oh! It’s a few weeks’ out from Christmas and your fantastic tenant just gave their 21 days notice… That means your property will most likely be vacant in the Christmas-New Year period when everything shuts down. Your heart tells you that a vacancy in December is not a good thing, and you are right.
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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
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RC Mortgage Broking recommendations… I am worried and this is why!

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
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Forgotten Rent Increases

“Rent Increase Inertia” may be the difference between keeping and selling your property!

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? 
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bad tenant databases

All you ever wanted to know about Tenancy Databases

It may not be widely known, but Property Managers will use “Tenancy Databases” during the tenant selection process to uncover previous issues, before making a recommendation to the landlord. In a nutshell, these Databases are used as a way to ‘blacklist’ tenants that owed money after their tenancy ended or breached their agreement for a
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