We were appointed by the beneficiary to take this property 10 Denison Street Mayfield to the market. The property was in need of a renovation. This presented an opportunity for a buyer to add value with some imagination, blood, sweat & tears. The buyer would have an option of flipping it or retaining it as…Read More→
Arnold Property have managed this Investment for our clients since 2003. During this time, we have had a few excellent long-term tenants. The most recent tenant resided in this home for 11 years. When this tenant vacated there was barely any evidence of wear and & tear. When appraising this property, we did need to
Circumstances in people’s lives can change at any time. Sometimes this could mean the need to sell an investment property with a tenant residing in it. First, we need to determine whether the Residential Tenancy Agreement is a “Fixed Term” of a “Continuing Agreement” In either case the tenant may choose to vacate the property.
Landlords change Property Managers for a various of reasons. It doesn’t cost you anything and you don’t need to wait until the tenant’s lease expires or the tenant vacates the property. The most common reasons in our experiences are: Poor communication Good communication builds trust. There are many ways to communicate, face to face, mobile,
The first step could be to seek professional advice from a trusted source e.g. Accountant, Financial Planner or Broker. Once you decide to proceed you will need to have a guide as to how much you can afford to spend. Then you can start scrolling through Domain/RealEstate.com for a prospective investment. When you find a
Steps to take when Purchasing an Investment Property Read More »
Offer and Acceptance Once a price is a agreed the buyer will then pay .25% of that price as a “holding deposit”. This begins as what is referred to as a “cooling off period”, which is usually 5 days. During this cooling off period period the buyer should be completing their due diligence i.e. Pest
Needing to sell your property can happen at any time, the motivations for selling can vary. Seeking some professional advice early on can help you. Plan and implement a timeline to have the property at its premium best. It is difficult to know what to do and where to spend the money, you may have
Maximising your property’s value: simple upgrades that pay off Read More »
This property is situated in a quiet pocket of this popular inner-city suburb. It is a fairly old home on a large level allotment of 809sqm of land. Our clients purchased this property on 06/03/2020 for $589,000. The intention was to develop the site into 4 townhouses. Arnold Property were appointed as managing agents in
This property was the primary residence for our client. Arnold Property leased the property in 2010, and the tenants stayed the whole 14 years. The landlords were advised to the market the property with vacant possession despite losing rental income throughout the sales campaign. We had a challenge to come up with a realistic price
We originally listed this investment property for sale in February 2020. The recommended selling price was $390,000 to $410,000. The property was advertised at $415,000. Unfortunately, we were unable to get a buyer. Just recently our landlords decided to put it on the market again. This time it was listed at $660,000. On this occasion
