Caring for Your Investment Property: A Landlord’s Guide
As a landlord in Queensland, it’s crucial to maintain your rental property and ensure it stays in good condition throughout the tenancy. Here are some key tips for caring for your investment:
Regular Property Inspections
Ensure the property is being regularly inspected within the correct time frames by your Property Manager. Inspections help identify potential maintenance issues early and ensure the property is being cared for as agreed. Be sure to provide the required notice (at least 7 days) before each inspection.
Timely Repairs and Maintenance
Respond promptly to repair requests from your tenants. Whether it’s fixing a leaking tap or addressing appliance issues, taking care of maintenance quickly helps to avoid further damage and ensures tenant satisfaction.
Ensure Property Meets Minimum Standards
From 1 September 2024, all rental properties in Queensland must meet minimum housing standards to ensure they are safe, secure, and functional. Regularly check that your property complies with these standards and take necessary actions to maintain its condition.
Provide and Maintain Working Inclusions
Make sure that all appliances and inclusions, such as air conditioning units, dishwashers, and plumbing fixtures, are in good working order when tenants move in. Keep these maintained throughout the tenancy to avoid costly repairs later.
Maintain the Exterior and Garden
If your property has an outdoor area or garden, either arrange for regular maintenance or ensure the tenant understands their responsibilities regarding yard upkeep. Regular lawn mowing, hedge trimming, and clearing debris will keep the property attractive and well-kept.
Respect Tenant Privacy
When accessing the property for inspections or repairs, be sure to provide proper notice (at least 24 hours) and respect the tenant’s privacy. Maintaining a good relationship with your tenants is crucial for long-term success.
Ensure the Property is Secure
Check the security of your property regularly. Ensure locks, windows, and doors are functioning properly, and consider upgrading security features if necessary to protect your investment.
Handle Tenancy Disputes Responsibly
If any issues arise between you and your tenants, try to resolve them professionally and fairly. Familiarize yourself with Queensland’s Residential Tenancies and Rooming Accommodation Act to ensure you follow the proper procedures for handling disputes.
By staying proactive with maintenance, inspections, and communication, you’ll protect the value of your investment property while fostering positive, long-term relationships with tenants.