The length of time a rental property is on the market will reflect how it is priced to comparable properties, how it is presented to prospective tenants and the demand from the market for properties such as yours. If your property is vacant it may require a different strategy to that of a property with a tenant already in place in order to minimize vacancy periods.

Your property manager should advise you of the current ‘days on market’ figures for their clients and for similar properties to your in the current market so you can discuss with them the best approach to pricing your property in order to secure a suitable tenant in a time suitable to your needs.

It is the questions every investor wants to know. While starting with search of comparable properties on sites like realestate.com.au or domain.com.au is great to see what similar properties are being advertised for, it should not be the deciding factor of how your property is priced when going to market.

The agency you appoint to manage your property should have access to property data software that provides them access to produce a Comparative Rental Analysis prior to your property being advertised for rent. A report will show exactly what similar properties rented for and how long they took to rent.

More importantly this report will show any difference between the original advertised price and the price it eventually rented for which can sometimes be quite a gap.

For landlords, finding the right tenant is crucial to the success of your property investment. The right tenant is one who pays their rent on time and takes care of your property as you would. It is important to remember property features that appeal to a tenant are not necessarily the same as features you would look for yourself. Therefore, you must consider the type of tenant that is suitable to your property and market it accordingly.

Factors that may affect the type of prospective tenant who applies for your property may be the time of year, presentation of the property, advertised price and the systems and processes in place to handle enquiry to qualify each enquiry.

Once you have secured a suitable application, a thorough tenant screening process should always be conducted including full rental history, tenancy database checks, references, rent payment history and condition of their previous rental properties during routine inspections.

When it comes to applications from prospective tenants, quality is better than quantity but you can certainly have both by looking at the factors above.

It is essential all marketing for your property is professionally presented and pitched correctly in order to attract the maximum number of attendees to open homes and inspections.

In our experience, property campaigns that achieve the greatest success use a proven formula for attracting interest. By following our proposed campaign your property will not only reach your target market but also provide your property with unrivalled coverage in the real estate market.

The combination of these factors will help achieve the best possible price for your property.

At K&S, we quote to give you the most accurate price representation of your property, not the highest. We aim to provide the most realistic market estimate possible and examine every comparable sale to provide you with factual information before recommending a price guide to competitively market your property.

Your home is a significant asset and the purpose of a sale is for you to maximize your return. It is worthwhile investing time and some money into improving any aspects of the property that may detract from buyer interest.

First impressions count when looking to achieve the highest price for your property; emotionally engaging potential buyers is worth the effort. If DIY changes to your property are of no interest, or if you are finding it difficult to know where to start, help isn’t far away. You can engage the services of a pre-sale property styling expert who will assess your property from another perspective and make changes before your home hits the market.

Our mantra for sellers is to remember: selling a home is not about you, it’s about attracting buyers.

We know property. With almost 20 years of experience working with thousands of property investors our market knowledge is second to none; you can profit from our knowledge. We know that by exceeding your expectations we too will succeed.