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Sydney Property Management Services for Overseas Investors – Thank You Real Estate

Author: Tanisha Lirani
Categories: Investors,Landlords,Property Management

Introduction:

Investing in property overseas can pose challenges, but having the right property management team by your side makes it effortless. Thank You Real Estate specializes in providing comprehensive Sydney property management services tailored specifically for overseas investors. We handle everything from leasing campaigns to rent collection and maintenance, ensuring a hassle-free experience. This article will outline our services and demonstrate why partnering with Thank You Real Estate is the optimal choice for managing your Sydney investment property.

Transparency and Control with the Owner App:

Stay informed and maintain control of your property, regardless of your location, through our exclusive Owner App. Our app offers a comprehensive overview of your investment, including financials, maintenance requests, lease details, and even an EOFY Statement for easy tax preparation. Access essential documents and communicate with our team conveniently through your phone.

Support from Personal Property Managers:

Concerned about potential communication challenges due to time differences? The clear, honest, and transparent communication process implemented by the team at Thank You Real Estate addresses these concerns. Prompt and efficient assistance is guaranteed by our experienced property managers, ensuring that your needs are met effectively.

Comprehensive Support from a Team of Experts:

By choosing Thank You Real Estate, you gain access to a dedicated team of property management experts. Our maintenance team promptly addresses repairs using our innovative management software. Our leasing team efficiently finds reliable tenants, while our customer experience team resolves any arising issues. Additionally, our inspection and finance teams ensure thorough property checks and timely payments.

Effective Leasing Campaigns:

Our premium advertising campaigns are designed to highlight your property and attract high-quality tenants. Maximizing your property’s visibility and rental potential, we employ professional photography, virtual staging, and extensive online exposure on platforms such as Realestate.com.au and Domain. Our leasing agents work diligently to promptly fill vacancies, ensuring a consistent income stream for your investment.

Tenant Placement and Screening:

Selecting the right tenant is crucial for a successful investment property. Through our rigorous two-step screening process, potential tenants undergo thorough vetting, including background checks on finance, rental history, credit score, and more. By aligning tenants with our selection criteria, we secure reliable, long-term renters who are likely to fulfil lease obligations. Our exceptional track record speaks for itself, with a remarkable 99% success rate in placing the right tenant within a 10-day timeframe.

Efficient Rent Collection:

Rent collection should be hassle-free. Thank You Real Estate utilizes the secure DEFT payment service integrated with our property management system, allowing tenants to easily make payments from any device. In the rare event of rent arrears, we promptly follow up with tenants to resolve the issue. Employing various communication channels such as email, phone, and SMS, we ensure you receive your rental income on time.

Prompt Repairs and Maintenance:

Preserving your property’s value requires regular maintenance and timely repairs. Tenants can report maintenance issues quickly and easily through our Tenant App. Our property management software streamlines the process, ensuring prompt and efficient handling of repairs. We provide transparent updates to both you and your tenant throughout the maintenance process.

Seamless Tax Preparation with EOFY:

Tax season can be daunting, especially for overseas investors. Thank You Real Estate simplifies the process with our End-of-Financial-Year (EOFY) Statements. This comprehensive statement includes your annual statement, maintenance invoices, receipts, expenses, and a breakdown of income for the financial year. Our EOFY Statements ensure you have everything you need to navigate Australian property tax requirements and maximize your investment.

Managing Sydney investment property from overseas doesn’t have to be complicated. Partner with Thank You Real Estate for our expert Sydney property management services tailored specifically for overseas investors. With our transparent Owner App, dedicated property partners, expert team, effective leasing campaigns, efficient rent collection, prompt maintenance ensure a seamless experience for you.

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The Ultimate Guide to Pre-Settlement Property Inspections in NSW

Author: Tanisha Lirani
Categories: Apartment,Buyers,Duplex,First Home Buyers,House,Investors,Property Sale,Townhouse
The Ultimate Guide to Pre-Settlement Property Inspections in NSW

The Ultimate Guide to Pre-Settlement Property Inspections in NSW

Introduction

The journey towards owning your dream property is an exciting one, filled with anticipation and a touch of nerves. As you inch closer to the settlement date in New South Wales (NSW), there’s a crucial step that ensures you’re stepping into your new abode with confidence: the pre-settlement property inspection. In this guide, we’ll dive into the ins and outs of this process, helping you navigate it seamlessly and ensuring that your new home lives up to all your expectations.

What is a Pre-Settlement Property Inspection?

Imagine this as the final quality check before you officially become the proud owner of the property. As per the laws in NSW, you, as the purchaser, have the right to conduct a pre-settlement inspection of the property before the settlement process is finalised. This inspection serves as a safeguard, giving you the opportunity to ensure that the property is in the condition you expect and that all agreed-upon inclusions are present.

Why is it Important?

This inspection is your last line of defense against potential surprises. It allows you to verify that the property’s condition aligns with your expectations and that there haven’t been any unexpected changes since your initial visit. Imagine moving into your new home only to find that the fixtures or appliances you thought were included have mysteriously disappeared. The pre-settlement inspection is your chance to catch such issues before they become headaches.

Timing Matters

Timing is key here. While you could conduct the inspection on the day of settlement, experts recommend doing it 7 to 10 days prior. This gives you ample time to identify any discrepancies and address them with your solicitor or conveyancer, ensuring a smooth settlement process.

What to Look For

When you step into the property for the inspection, keep your initial property visit and the contract handy. Ensure that the property’s condition matches what you saw earlier and that the inclusions you agreed upon are present. If you have photos from your initial visits, use them as a reference. If you notice any discrepancies, don’t fret. This is where your solicitor or conveyancer comes in, helping you navigate the situation and find resolutions.

Vendor’s Perspective

Remember, just as you’re excited about stepping into your new home, the vendor is eager for a seamless transition as well. It’s in their best interest to maintain the property’s condition to ensure a hassle-free settlement.

Benefits of a Smooth Pre-Settlement Inspection

A successful pre-settlement inspection not only gives you peace of mind but also sets the tone for a positive transition into your new home. It ensures that both parties are on the same page regarding the property’s condition, preventing potential conflicts down the road.

Conclusion

As you gear up for your pre-settlement inspection in NSW, keep in mind that this is your opportunity to dot the i’s and cross the t’s. Don’t rush through it – take the time to thoroughly inspect the property and consult with your legal team if needed. By doing so, you’re ensuring that your transition into your new home is a seamless and exciting one. Remember, it’s not just a property inspection; it’s your final step towards becoming a proud homeowner in the vibrant city of Sydney.

Thank You Real Estate clients in New South Wales, enhance your property purchase experience with our expert Pre-Settlement Inspection Service. We understand that buying a property is a significant investment, and our dedicated team is here to provide you with peace of mind. Our thorough inspections, detailed reports, and professional guidance ensure you know the true condition of your new property before finalising the deal. Trust us to protect your interests and make your property purchase in NSW a smooth and informed process. Contact us today to schedule your inspection and secure your investment!

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The Importance of Landlord Insurance for Your Investment Property: Partner with Thank You Real Estate for Peace of Mind

Author: Tanisha Lirani
Categories: Buyers,Investors,Landlords,Property Management
importance of landlord insurance

The Importance of Landlord Insurance for Your Investment Property: Partner with Thank You Real Estate for Peace of Mind

Investing in an income-generating property can be a smart financial move, but protecting your investment from potential risks is crucial. Discover the importance of landlord insurance and how partnering with Thank You Real Estate can safeguard your investment.

Protecting Your Property:

Ensure your investment property is shielded from unforeseen events that can lead to costly repairs. Landlord insurance covers property damage caused by natural disasters, accidents, or even tenant misconduct. With comprehensive insurance, you can protect your property and minimise financial burdens.

Liability Coverage:

As a landlord, you have a duty of care towards tenants and visitors. Accidents happen, and you could be legally responsible for injuries or property damage. Landlord insurance includes liability coverage, protecting you from potential lawsuits and associated expenses. Partnering with Thank You Real Estate offers peace of mind against unforeseen liability issues.

Loss of Rental Income:

The loss of rental income poses a significant risk for landlords. Landlord insurance typically includes coverage for property unavailability, tenant default, or unexpected vacancies. This ensures you still receive rental payments during such periods, providing financial stability while you address property issues or find new tenants.

Specialised Expertise:

Navigating landlord insurance complexities can be overwhelming, especially for new property investors. Thank You Real Estate offers invaluable expertise. Our experienced professionals understand landlords’ unique needs and guide you through the insurance process. We have strong relationships with reputable insurance providers, offering variety of coverage options for investment properties.

Peace of Mind:

Owning an investment property can be stressful, but partnering with Thank You Real Estate and securing landlord insurance provides peace of mind. Protecting your property and financial interests allows you to focus on other aspects of property management, maximising rental income and finding quality tenants.

Landlord insurance is essential for protecting your investment property and ensuring financial security. Partner with Thank You Real Estate to access specialised expertise, personalised service, and reputable insurance providers. Don’t leave your investment property vulnerable—contact Thank You Real Estate today for comprehensive landlord insurance. Your investment deserves the best protection, and we’re here to make it happen.

Looking to
Sell or Rent
Your Property?
Book your free appraisal

Our Happy Clients

Owners and tenants that love their property manager. This is what happens when you do things with Thank you Real Estate.

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Open Home Inspections – What to Look For

Author: Tanisha Lirani
Categories: Apartment,Buyers,Duplex,First Home Buyers,House,Investors,Property Sale,Townhouse
Look for the details when you go for an open home inspection

Open Home Inspections - What to Look For

The property market is hot and homes aren’t lasting long before being snapped up. If you’re looking to buy and visiting multiple open homes every weekend, it can all become a bit overwhelming trying to remember what each property looked like. But not taking your time to look around properly can lead you to offer, and potentially purchase, a home that may become a money pit.

While you will have the benefit of a building and pest inspection, you don’t want to get too far into the process and realise you’ve missed out on a great home because you didn’t inspect a not-so-great home thoroughly.

Potential buyers – get your notepads ready. We’ve put together some handy tips on what you should be looking for at your next open home inspection.

Mould, Damp and Water Stains

Mould, damp and water stains can all be indicative of a larger problem. As you walk around the home, check for mould and water stains on the ceilings (as this can indicate a leaky roof),  and open cabinets in the kitchen and bathroom to see if there are any signs of mould or dampness which can indicate a water leak. Other areas you may find the mould and water stains are around the toilet, in the laundry and in the caulking in the shower and around basins.

Cracks in the Ceiling and Walls

Cracks come in two forms – fine cracking and large cracking. Fine cracks could be due to the plastering being done incorrectly at the time of construction and they can eventually cause the plaster to become loose and fall off.

Large cracks can be the result of building movement and can appear internally and externally. These cracks require further inspection by a building inspector if you go ahead with a contract on the property.

Downpipes and Gutters

Far too often downpipes and gutters aren’t maintained; they are left to overfill, go rusty and get damaged. While you can’t carry a ladder around to open homes with you, it is well worth looking up to see if you can spot any damage or rust to the guttering, as well as seeing if there are leaves or plants growing in the gutters. This could indicate that the gutters are blocked, which could cause water to overflow into the property.

When looking at downpipes, check that they are discharging into the correct drainage, and don’t have any holes in the pipes. You should also check, if possible, if the drainage is clear or blocked.

How Noisy Is It?

Noise levels are something that many people forget to check – how much traffic is going past? Can you hear the traffic from inside the property? Are there noisy neighbours? It’s a good idea to remember that open homes are held at optimal times – you may not get a great indication of how noisy the property is at 7am on a weekday when you are inspecting at 10am on a Saturday.

If you are seriously considering placing an offer on the property, take the time to drive past at different times of the day, and night, to get a good indication of the noise levels.

What’s the Natural Light Like?

 When you walk into an open home, the sales agent will more than likely have all the lights turned on to maximise lighting inside. This of course doesn’t give you a good idea of the natural light. If you can organise a private inspection at a different time of the day, you will be able to get a better idea of the levels of natural light. If not, look out for the placement of windows and how large they are.

Another consideration is which way the windows face. While a west-facing window might bring you plenty of light in the afternoon, there’s a good chance it’s going to heat up your home, so you’ll have the blinds or curtains closed anyway. Knowing which way the property is positioned and therefore which ways the windows face, you’ll get a good idea of whether you can use natural light to your advantage or whether you’ll need to use internal lighting.

There are plenty of things to look out for when attending an open home. Make a list of your must-have and your like-to-have features and keep those in mind. Buying a home is a large investment and something you certainly don’t want to get wrong.

If you’re ready to buy a new home, but you aren’t sure where to start, Thank You Real Estate has a team of Buyers Agents who can take the stress out of looking for your new home. Contact us today to find out more.

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7 Reasons Hiring a Real Estate Agent is Better Than Selling Your Property by Yourself

Author: Tanisha Lirani
Categories: Investors,Property Sale,Sellers
7 Reason to choose right real estate agent

7 Reasons Hiring a Real Estate Agent is Better Than Selling Your Property by Yourself

Once you have decided to sell your home, the next crucial decision you will have to make is whether to sell your property by yourself or to hire a real estate agent to do this for you. For some, it may seem more cost-efficient to sell their own property, as doing so would mean that they would not have to pay for the agent’s commission.

While there is no right or wrong answer when it comes to this, there are a few things you might want to consider. You will also need to factor in questions like “how long will it take you to sell your house” and “how well do you know the current market value of your property”, among other things. Before you make a decision, let’s deliberate.

Dedicated Time for Enquiries

Selling your property is not your full-time job, but it is real estate agents. What does this mean for you? This means that you do not have to rush home from work or postpone a meeting when a potential buyer wants to see your property. Aside from time efficiency, having an agent selling your property means less stress for you, too. Also, it may feel tempting to save money but let’s say if you know little of dentistry or constructing or even any other trade, would you do it all? There are professions out there that need specialisation and so does real estate, even if it may seem an easy job, wearing someone’s shoe will give you a real perspective.

Knowledge and Experience

Entrusting the selling part to a real estate agent makes it possible for you to get your property sold much sooner than if you were the one entertaining potential buyers. Agents have been trained to undergo various courses, passed exams, and gained experience in dealing with buyers through working for themselves or working with other agencies.  All of these play an important role in getting your property sold in the anticipated time off course various other external factor play in, Your real estate agent will be able to answer questions and address buyer concerns much better because of the knowledge and experience that they have gained. Some vendors choose to sell in less time whereas others are more patient and all they want is a good price not saying selling quickly will fetch less, perhaps real estate agents work with you on a one-to-one basis to bring you the results that you after. like every property is different so does every vendor, and their requirements and circumstances.

Effective Marketing

In recent times, rules and regulations have evolved over time and aside from their familiarity with all the regulations involving real estate transactions, agents also know where to look for potential buyers and how to effectively target them using tried and tested marketing strategies. Networking is one of the strengths of real estate agents – one that will benefit you as a seller. Instead of relying solely on your friends and family to help you spread the word about your property, your agent has access to various methods and platforms in place to ensure that potential buyers learn about the house that you’re selling.

Screening and Managing Buyers

A real estate agent can find out whether someone who wants to view your property is indeed a qualified buyer or just a curious neighbour. Agents are trained to ask qualifying questions to determine the seriousness, and motivation to buy, finance readiness and so much more. They are also able to influence a qualified prospect to make an offer to buy your property.

Stress-Free Negotiations

Buyers are likely to make comments about your property that might upset you, and it would also be difficult to take rejections. A real estate agent shields you from having to deal with buyers directly, and they also provide a more objective approach to selling your property because there are no personal emotions involved. This means that they will be able to handle criticisms well, respond to rejections with a sound counteroffer, and follow up with buyers without looking desperate. After all, negotiations are all about win-win, not with the price only, even with settlement conditions, terms involved and so much more.

Market Know-How

Despite the pandemic brought about by the coronavirus in the year 2020, the Sydney property market has continued to defy the worst forecasts and remained remarkably resilient. Year over year, Sydney’s median house price is up 6.6% at $1,154,40. Buyers have been lured back into the real estate market by low interest rates, government tax cuts, and other incentives. A real estate agent is always abreast with information and updates like these to help you sell your property at a great price point, the shortest time and make selling a property an experience than another mundane task.

Correct Pricing

Pricing property correctly is very important, and it can affect days on market and final sales price. When your price too high, fewer people would be interested to see your property, resulting in fewer offers. On the other hand, when you price it too low, you might send the wrong message that something is wrong with your property or that you are desperate to sell. An agent will be able to help you set the right price for your property given the current market conditions.

Real Estate is more like people business than property business as more and more transactions are these days based on how good real estate agent is, how well they present, how well they communicate through various medium and whether your potential buyers are happy dealing with them, their character their presence and overall persona.

so overall, there are fairly good reasons why selling through agents are much more rewarding and your experience will enhance in dealing with properties overall. Even if you have had a bad experience previously selling or leasing a property through some real estate agent, it is always good to try with others, as there are many young, vibrant and technology-friendly agents who are emerging that can provide you better service. Tanisha from Thank You Real Estate is one of those new breeds of real estate agents who put heart and head into ensuring that your property is in good hands.

Do ensure you check google rating of agent, agency and do some research, so you avoid falling for any agent who lures you with false promises.

We at Thank You Real Estate will be more than happy to help you get the most out of selling your property. Call us today on +61 2 8856 2970 for any enquiries or to schedule a meeting.

Looking to
Sell or Rent
Your Property?
Book your free appraisal

Our Happy Clients

Owners and tenants that love their property manager. This is what happens when you do things with Thank you Real Estate.

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