Castle Realty
Call Us: (07) 3886 3888
Address: PO Box 691
Burpengary, QLD 4505
When was the last time you had a rent review on your investment property?

When was the last time you had a rent review on your investment property?

  • 03 May 2021
  • Jennifer Sharrock

 

 

The market has changed a lot in the last 12 months, so you need to check the rental returns on your property.

So, how do you complete a rent review?

It’s a 3-step process.

Step 1 – List the features of the property.

This means, how many bedrooms, bathrooms, garages, carports, off-street parking, built in wardrobes, laundry facilities, appliances and more.

Step 2 – Assess the age of the features in the property.

How modern the property is having a big impact on the rent you can achieve. So, assessing the age of the property and its features is especially important.

Step 3 – Compare it to other similar properties in your area.

Run a report showing all the other similar properties in your area.  It is important to compare the basic features of the property (bedrooms/bathrooms/car accommodation) as well as the additional features (like built in wardrobes, appliances, etc), and the age of the property and its features.

You will also want to check how long other properties in your area took to secure a tenant as this will also help you determine the rent for your property too.

So, sure, you can do the 3 steps yourself (if you want).

Or you can send us a DM and we will use our special software to do it all for you and send you back your updated rent review.

Want an updated rent review on your property?

Send us a DM now

PS: What a client had to say;

I would also like to take this opportunity to thank you for being an amazing property manager, it has been an absolute pleasure dealing with you and you are an amazing women. Thank you for being you, we all think you are awesome.
I would also like to wish you and your Family a very Merry Christmas and a safe and Happy New Year.
Looking forward to 2017, I hope you are too

Regards

Jodie King & Chris Nugent

- Jodie King & Chris Nugent
Mango Hill

Lance Field

I have known Jennifer for 8 years, I first met her when I needed to list my property for sale.

The property was situated at 11 Alice Street Mango Hill, Queensland.
From the start she was very friendly and professional, I was working away at the time and had no-one to look after the pool and garden while I was not there which made attracting potential buyers very hard, but through persistence, road blocks and other unseen forces Jennifer eventually sold my property.

Jennifer is a very hardworking professional and caring agent, there are no smoke screens or false promises from her, not like other agents.
I would highly recommend Jennifer to look after the sale of any property.
Thank you again for all the effort you put into selling my place.

- Lance Field

Robert and Gaelle

Hi Jennifer

Just a short note to say thank you for acting on our behalf in the sale of Grayling Court house.

Behind the scenes, the sale was comparable to a Cecil B. DeMille production of The Ten Commandments.

Thanks again,
Robert and Gaelle

- Robert and Gaelle