In 2022 Arnold Property received an appraisal request from a landlord. The Property was purchased in 2016, and the Selling Agent was appointed to manage the Investment. When we took over the management we discovered: We recommend that the lease be ended, and the property renovated. After obtaining vacant possession our new landlord ended up…Read More→
Steve Arnold has over 37 years’ experience in residential property management. These days Steve uses his expertise to help landlords improve and upgrade their investments to improve their returns and increase the value of their investment. In 2020, our client transferred the management of his Charlestown Investment Property to us. At this time the property
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
You just don’t know when you might find yourself needing to relocate. In past years the rental market might have been seasoned, but not these days. The demand for accommodation is exceeding the supply. Make sure you register for the first open home. Make an effort to impress the agent/landlord. Dress neatly and be punctual.
Essential Tips to help secure a new abode when rentals are in short supply 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 house is approximately 10 years old and was a “knock down rebuild”. Our client purchased the property on 16/02/2021 for $750,000, purely as an investment. Since then, Arnold Property has had 2 tenancies showing attractive returns and depreciation allowances. The property is situated on a corner block on Wansbeck Valley Road with easy access
Arnold Property have managed this amazing property since 2021 with two very good tenants during that time. Whilst appraising this property we needed to consider how many properties were currently on the market for sale, there were many. Setting an accurate asking price was crucial. We were successful in achieving the average sale price of
