Some of our landlords have serviced apartments in their portfolios.
We asked them what questions they consider important to ask before investing in serviced apartments:
Determine
how the lease relationship works (ie you lease it on a long-term basis to a
third party operator who rents it out for short stays)
· How
long are the leases for? (they usually start at 5 years)
· What
happens at the end of the lease? Are there council and zoning restrictions that
may affect your ability to extend leases
· What
are your outgoings? Ie council rates, water rates, owner’s corporation sinking
fund, capital works etc
·
RealRenta
will automatically manage the tenancy for you.
- Receive your rental income paid in full directly to
your Bank Account
- Automates all rental tasks from Receiving and tracking
the rent
- Self-populates the rental ledger with automatic
invoices and receipts (which is a legal requirement)
- Service Ledger, for any bills the tenant has to pay for
that is not Rent
- Instigates arrears process with automatic reminders by
email and text
- Breach notices issued automatically - keeping you the
landlord, informed every step of the way
- All Communications and Maintenance requests are done
via the platform, with the tenant able to upload documents and photos as
required.
- RealRenta acts as a buffer between tenants and
landlords via the platform creating an arm’s length relationship
- RealRenta keeps
a full record of the tenancy for all time, so you are able to go back and
look at old leases, rent ledgers, tenants, etc.
- You will be allocated your very own RealRenta
Guide who will help you every step of the way
·
·
Use
RealRenta for Free for up to 2 months now:
https://app.realrenta.com/Signup.aspx
Jason Gwerder
Sunday, 19 May 2019