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Why Choose Lot 42 Real Estate?

Lot 42 Real Estate is a boutique property management agency situated in the Western Suburbs of Brisbane. We understand that your investment property - or your home - is a valuable asset requiring expert care and attention. Entrusting in us ensures you will receive the necessary experience and knowledge to provide you and your property with the comprehensive level of service required to reach yo...

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Rental Bonds in Queensland

The Residential Tenancies and Rooming Accommodation Act 2008 (QLD) outlines the rules for collection, management and refund of rental bonds in Queensland. The RTA (Residential Tenancies Authority) administers the Act and holds the rental bonds during a tenancy.     What is a rental bond? A rental bond is money paid upfront by the tenant at the start of their tenancy agreement. It ...

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Increasing the appeal of your rental property

When deciding to rent out your property you have one ultimate goal, that is - to secure a good tenant, quickly. But with hundreds of competing properties often available for rent at the same time, it is important to ensure your property is attractive to potential tenants.   Fortunately there are a few things you can do to increase the appeal of your property, and encourage a higher renta...

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Your Rental Application and why it matters

  Moving house can be an exciting, stressful and exhausting time and it is becoming increasingly harder to find a suitable home without serious competition. Spending your Saturday’s viewing an array of properties along with 20-30 groups of other people can become an overwhelming and very time consuming task. Therefore, it is imperative to ensure your rental application stands out fr...

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The process of buying a home in Queensland

Are you looking to buy real estate in the Sunshine State? We have outlined all the resources you need to achieve a successful purchase.   The Sunshine State is Australia's third largest city is quickly becoming one of the top places to live in Australia. Recently awarded as being the second best place to live (Movehub.com) thanks to our rural laid-back lifestyle, affordable housing and e...

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Furnished vs unfurnished rentals

  Should I rent out my property furnished or unfurnished? Investors will often ask their property managers this question. However, unfortunately there is no ultimate answer to this question, it depends on who you target tenants are, how long you want to let the property, the location, and the current demand for rentals in the area.   What does furnished mean? Furnished means the p...

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What questions should I ask my Accountant before buying an investment property?

Successful property investing can be a fantastic, tax-effective investment, however, buying an investment property is not a simple task without due consideration of many associated impacts, and is one investment that may not result in immediate success.   Furthermore, as a property is a physical asset, it requires constant, active management, so in many ways it is likened to running a sm...

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Keeping a pet at a rental property

Australia has one of the highest rates of household pet ownership in the world, with 61 percent of households having a pet.    It is little wonder then, that in a high rental state like Queensland that there’s a correspondingly high demand for pet friendly accommodation. In QLD 40 percent of households have a dog, 27 percent have a cat and 12 percent have both. Pets have becom...

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Tenant/s Responsibilities when vacating a rental property

  The first important step of vacating a rental property is to ensure you give the landlord or property manager the correct level of notice. You can find this information in your lease contract and it varies depending on the State or Territory you live in. For instance in QLD, a tenant must give a property manager or landlord a minimum of 2-weeks notice at the conclusion of their lease fo...

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Useful Contacts for Tenants

Residential Tenancies Authority (RTA) W: rta.qld.gov.au PH: 1300 366 311 Mon - Fri: 8:30am - 5:00pm   Emergency  Police, firefighters or ambulance PH: 000 (triple zero)   National Relay Service Assistance for deaf, hearing or speech impaired clients TTY or computer modem. PH: 133 677   Translating and Interpreting Service (TIS)  TIS will telephone the RTA ...

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What is Rental Yield?

Whether you're a first time investor, or an experienced investor before you buy an investment property you will likely calculate its expected yield.    So you may be asking, if you are a first time investor - What is Rental Yield?   The yield on an investment property details the future income you can expect to make represented as a percentage on an annual basis. Not only do...

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Renovating your Investment Property

  Buying an investment property requires a lot of thought, as does deciding whether to renovate or not. When buying an investment property there is a tendency to fall into a notion that changes need to be made in order to make a property not only more appealing but also more liveable.   What investors must take into account is that whilst their investment properties might not tick ...

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10 Tips on How to Become a Successful Investor

  What makes one investor more successful than another? We’ve put together 10 tried and true steps that successful investors use to help steer their decisions to help them get the most out of their investment.   1. Do your Homework Nothing makes for a better investment foundation than solid research and a sound understanding of the property market. Start your investment jour...

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8 Signs of Poor Property Management (& how to make a change)

  The quality of your property manager can make a huge difference to the experience that a property investor has during the ownership of their investment property.    A good property manager will take away much of the stress that comes with owning and handling an investment property. From managing the risk of an investment to conducting regular property inspections to ensure t...

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Why Do Rental Properties Remain Vacant for too Long?

  Renting a property quickly and to the right tenant is an essential part of a property manager's job for their client, however, we find there are factors that can cause a property to remain vacant for longer than desired.   With these factors in mind, we can improve the chances of renting a property quicker and targeted towards the right market. Let’s take a look at some of ...

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First Time Renters Guide

  All you need to know when renting your first property.   So, you have decided to rent for the first time, and you have found the perfect property to suit your needs, but what happens next? We have put together a summary of what you need to know before you sign your first lease agreement!     Applying for your first rental - What do you need? Many first-time tenants ...

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Get your Property Rent Ready

Preparing your own home for other people to rent is not as simple as just moving out and putting a for lease sign out the front. Not only does a rental property that presents well have a higher chance of securing a high quality tenant, but chances are, they’ll take better care of it also. So, before you run that marketing campaign, or open the doors to property hunters, check our recomme...

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Rental Property Owner FAQ’s

Can I charge my tenant for water consumption?   If the property is water efficient, yes, however - If the property is not water efficient, but individually metered and the agreement states the tenant must pay for water, the property manager/owner must pay for a “reasonable amount” of water consumption and the tenant may be required to pay excess water charges eg anything over...

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3 Reasons You Need A Property Manager

Whether you're new to property management or just don't want to worry about your rental, hiring a property manager can take a lot of the stress away. It is often tempting to try to manage your property investments because it can be seen to be cheaper and easier.   Well, If you can secure tenants that pay on time every week, always look after the property and report any issues, how hard c...

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What to Look For In a Property Manager in Brisbane

In recent years, the Brisbane housing market has continued to experience a significant boom. Thanks to the favourable population data and affordable housing, owners of rental properties in Brisbane stand a lot to gain from the real estate market. However, this requires that you take proactive and professional management measures to ensure that you protect your rental property properly. If you ...

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Kenmore - A Renters Guide

Perhaps you’re looking to move to Brisbane from interstate, or are getting out on the weekend and want to find a new rental home? Well, as Property Managers who live and work in this leafy paradise we can tell you that it is a great place to live. We take a snapshot of the average rents in the area, the amenities, schools and even feature our favourite coffee shops – because after a...