Preparing your Property for Lease

By Julie Finch-Scally

This is the book we've all wished we could find at some point. Following on from 'Preparing your House for Sale' and Preparing your Apartment for Sale', this book leads the reader step by step along a time line that explains what is required to make a property inviting and ready for a tenant. Its handy size and friendly approach makes it a practical guide to all details required for a Property Owner to make money from leasing.

• Language: English
• Publisher: Julie Finch-Scally
• Release date: Oct 12, 2017
• ISBN: 9780992483685

Julie Finch-Scally

Julie Finch-Scally, the Guru of Cleaning(R) and founder of The Duster Dollies Pty Ltd, is well known for her advice on Cleaning. She joined the cleaning industry in 1992 and grew her business from a one women delivering pamphlets and cleaning to a franchised organisation across Australia employing and training domestic cleaners. in 2012 The Duster Dollies became a consultancy for Hygiene Management and Cleaning, with Julie writing books and articles for magazines on cleaning, becoming the cleaning expert on Radio and Television and traveling the world as a mystery hotel guest, reporting on the cleanliness of the rooms and properties. Julie is currently engaged in encouraging the United Nations to adopt the 2020 as the Year of the Cleaner to improve hygiene and the status of cleaners around the world.

Book preview

PREPARING

Y

OUR PROPERTY

FOR LEASE

by

Julie Finch-Scally

PREPARING YOUR PROPERTY FOR LEASE

Copyright Julie Finch-Scally, 2018, Canberra Australia

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from the publisher.

The information provided is compiled from the best knowledge available to the author. However, since product development is subject to constant change, we make no warranty either expressed or implied, with respect to the completeness or accuracy or for any results that may be obtained by using the data and advice in this book, and disclaim all liability for reliance on information provided by us.

First published 2018

ISBN: 978-0-9924836-8-5

Donations of 7.5% will be made to Médicens Sans Frontières from sales of this book

PREPARING YOUR PROPERTY FOR LEASE

TABLE OF CONTENTS

Introduction

How to get started

Location, location, location

Doing your homework

Hiring the right Tradesperson

Cleaning up and improving

What people expect when leasing

Finding a Property Manager

Accountants and Insurance

Legal Agreements

Advertising

End of Lease check ups

Property portfolios

Three month planner

Acknowledgements

Other titles by Julie Finch-Scally

About Julie Finch-Scally

INTRODUCTION

Every day your property is empty you are without an income. If it is only for a week while one tenant moves out and another in, the cost is minimal. If your property is empty for months, you are the one losing out.

Leasing a property can be rewarding, both financially and stimulating. But it isn't merely removing your furniture from the family home and getting a Property Manager to handle everything. There are several decisions that have to be made before your property is ready to lease.

Are you considering purchasing an investment property that will be leased? Will you be leasing the property on short or long term? Will the building be fully furnished or empty? These are just a few of the decisions you will have to make prior to receiving your first rental payment.

In this book you will discover all the different ways a property can be leased. This should be able to help you ascertain which system will suit you and what preparations you should take. Many people have started a large investment business by leasing their family home. From that small enterprise they now have a portfolio of many houses and/or apartments from which they receive a comfortable income.

Even if you are being relocated for employment and putting the family home up for lease or starting with an investment purchased property, there are certain standards you need to set in place prior to tenants moving in. The main reason for adopting a standard helps you maintain your property in good condition and shows the tenants what your expectations are.

Hopefully you will find all the answers to these and other problems in this book. I recommend you read through each chapter then follow the directions that cover the areas of need and of interest to you.

I cannot guarantee that if you follow this book faithfully you will earn the highest rent, but it will give you an insight into what leasing property is all about and help you achieve a satisfactory income.

Best of luck.

Julie Finch-Scally

The Guru of Cleaning®

HOW TO GET STARTED

The first thing to consider about leasing a property is the best type of leasing arrangement for you. Long term leasing is some times preferred, whereas many large cities never have enough short-term fully furnished properties.

To ascertain which kind of lease is the most suitable