A Guide to Leasing Your Investment Property
Owning an investment property in Griffith, Leeton and Surrounds can be a rewarding venture, especially with the right knowledge and support. Whether you're a first-time landlord or a seasoned investor, understanding your responsibilities and taking proactive steps can help you maximise returns, protect your asset, and foster positive tenant relationships. Here's some helpful information to guide you through the process.
1. Know Your Legal Obligations
As a landlord in New South Wales, you're required to comply with the Residential Tenancies Act 2010. This legislation outlines your responsibilities regarding rent collection, maintenance, bond lodgement, and notice periods. It's essential to understand:
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How to correctly lodge a rental bond with the NSW Rental Bond Board.
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The minimum standards a property must meet before being rented.
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Your obligations for repairs and maintenance during the tenancy.
- Your obligations surrounding compliance, water efficiency and pets or the tenants requests to keep pets at rental properties.
2. Presentation Matters
First impressions count. A clean, well-maintained home not only attracts quality tenants but can also lead to a higher rental return. Simple improvements such as fresh paint, tidy landscaping, or modern fittings can make a big difference.
3. Set the Right Rent
It’s important to price your property competitively. Research similar properties in the area or speak with your property manager who understands current market conditions. Setting the right rent helps avoid extended vacancy periods.
4. Screen Tenants Carefully
A thorough tenant screening process is vital. This includes checking references, rental history, employment status, and running tenancy database checks. Choosing reliable tenants helps minimise potential issues throughout the lease. Your property manager will guide you through this process.
5. Routine Inspections and Maintenance
Regular inspections (every 3–6 months) help you ensure the property is being well cared for and allow you to address maintenance issues early. Staying on top of repairs protects your investment and keeps tenants satisfied. Our office uses the latest technology in 360 virtual tours and AI features to complete all ingoing, outgoing and routine inspections giving you high quality and detailed reports.
6. Contact our Team
Managing a rental can be time-consuming and stressful. Our professional property managers handle everything from marketing, tenant selection and inspections, to rent collection and compliance — giving you peace of mind and more time to focus on other priorities.
Our Software will maintain clear records of all income, expenses, inspections, maintenance requests, and correspondence. This not only helps at tax time but also protects you in case of disputes. This is all visible to you via an owners access app that we will give you access to.
At Griffith & Leeton Real Estate, we specialise in helping landlords achieve the best outcomes from their investment properties. If you’d like personalised advice or assistance with managing your rental, our friendly and experienced team is here to help.
Contact us today to learn more about how we can support your journey as a landlord.