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    Wednesday, October 15, 2014
    Highlights of Darlinghurst Darlinghurst is an inner city suburb of Sydney.  Close to Sydney’s Central Business District, it is one of the m...
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    Thursday, September 25, 2014
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    Wednesday, July 02, 2014
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    Thursday, June 12, 2014
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  • DIY tips to prepare your house for sale | Real Estate Blog – Niche Portfolio
    Monday, June 02, 2014
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  • Rental home hunting? Follow these 5 simple tips for a smooth transition | Real Estate Blog – Niche Portfolio
    Wednesday, May 14, 2014
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  • Escape into your own private oasis | Real Estate Blog – Niche Portfolio
    Wednesday, April 30, 2014
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  • Property prices on the rise with Sydney’s property boom | Real Estate Blog – Niche Portfolio
    Monday, March 17, 2014
    With interest rates at a record low, and high demand for limited housing stock, Sydney’s property market is set to see an increase in property d...
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  • Top Tips for Buying a Rental Property | Real Estate Blog – Niche Portfolio
    Friday, February 28, 2014
    Buying a rental property can be a very financially rewarding decision. However there’s no denying that it involves a lot of research beforehand....
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  • Sydney property and property investment news | Real Estate Blog – Niche Portfolio
    Monday, January 20, 2014
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Property Management Advice for Landlords | Real Estate Blog – Niche Portfolio

Thursday, February 28, 2013

As many landlords will have experienced, property management in Sydney, or anywhere in Australia for that matter, is no walk in the park. Many people who’ve never had to handle their own property management in Sydney will associate land-lordship with the good life; that if you have the capital to invest in property then you’ve made it.

And for the most part, it’s true.

Having investment property is a huge achievement in Australia. With most estimates projecting prices for real estate in Sydney (and other cities around Australia) are on the rise, the Australian dream of owning real estate is fast becoming more fantasy that reality for a generation of young Australians.

While most property news is rightly focused on the hardships first home owners face in the Australian property market, now and in future, many forget that landlords (looking after property management in Sydney and other cities) are doing it tough as well. The work landlords do week in and week out trying to keep their investments on the right side of the profit line takes its toll.

Here we have five tips for landlords from Sydney property management professionals on how to avoid the pitfalls that come with the title of landlord.

1.       The road to profits in Sydney property management is paved with good tenants!

Securing great returns on your investment is all about sweating the small stuff. Tenant selection may be a tedious process, but it is an essential step landlords need to take in adopting a long term strategy for their property management in Sydney.  

Outsourcing professional property management in Sydney and other tenant-heavy areas is definitely worth considering; not only because of the expertise that these Sydney property management firms can bring to the table, but because of their noteworthy resources.

For instance, if a tenant has a problematic history, this information will be shared between Sydney property management firms, information not accessible to those landlords looking after their property management for Sydney personally.

2.       For profits with Sydney property management, keep on top of property maintenance

There are two sides to this Sydney property management tip. Essentially, landlords will reap what they sow.

Inspections on investment properties may not top the list of fun things to do on a day off, but they’re essential to good property management practice. Regular inspections with tenants, usually at a scheduled time, will help you assess the state of your investment on a regular basis, and to fix any maintenance problems as they arise.

Don’t pop in on tenants at irregular times, otherwise you may be in for a nasty surprise.

Having scheduled inspections will allow for a regular meeting point between landlords and tenants to discuss tenancy matters. Fostering a good relationship with the tenant by endeavouring to keep the property maintained on your end will endear good tenants to return the favour in turn.

A good tenant is invaluable for landlords with investment properties, but remember, the landlord tenant relationship is just that; between a landlord and a tenant. Keeping the fine line between friendly and friendship clear will help landlords keep their investments on the right side of the profit line. 

3.       When in doubt, seek help from the professionals in Sydney property management

Landlords without the sufficient time or knowledge to handle their own property management in Sydney seek to lose much more than pride if they turn away from help.

Sydney property management is just as much about fostering good relationships as it is about having a good strategy in place. 

Always seek professional property managers when in need of help. Ideally, you should choose property managers that operate out of your area, so if your property is in Sydney seek professional property management in Sydney.