- The Internet is Your Friend
As a landlord you will have to be very informed on rules and regulations concerning landlords as well as the tenants. The Internet is a great place to research these issues, as there are special forums and sites for landlords. - Keep on the Right Side of the Law
As a landlord you are obliged to provide tenants with safe premises. Make sure you are informed of your obligations and manage it properly. Always keep in mind that there are laws against discriminating against race, religion and gender, so treat applicants with the necessary respect. - Get Good Insurance
As with all other assets, you should get insurance covering your property as well as your own contents. There are specific insurance packages for landlords that protect them should tenants sue them for injury or negligence. - Be Swift With Maintenance
Should the property need any kind of maintenance, get it done as soon as possible. You don’t want tenants to withhold rent until repairs are done. - Pick an Agent Carefully
When choosing a rental agent, make sure you pick one with experience and a proven track record. When using an agent to manage your property make sure that the staff to property ratio is not too low and that your property gets the attention it deserves.
Your experiences can be a source of inspiration and knowledge for other landlords, should you wish to share them please email: info@realpropertyqld.com.au