News


5 Signs You Have a Bad Property Manager


Recently Maddyson Solano, Co-owner of Hot Property Management and Office Manager was asked to comment in a Domain article discussing how to identify that you have a BAD Property Manager, here is that article for you to have a read.   “Smart landlords know the value of professional property managers but even the most experienced investors can wind up with a bad operator.From irregular inspection reports to rental arrears and payment discrepancies, there are a number of signs that you’ve been lumped with a bad property manager.   “Having an agency where the senior staff are involved in the day-to-day business is a big win,” she said.“Whether it is a routine inspection, ingoing/outgoing condition report or open for inspection, the senior management should also be inspecting the property.   More signs included an agency that only worked from 9am to 5pm or one that shied away from telling their landlord clients the truth, Solano said.&ldquo...

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SUBURB IN THE SPOT LIGHT: KEPERRA


In this post we will be shining a light on a suburb that is attracting a lot of attention from investors and owner occupiers alike, this increased demand has been building for several years, being fueled by several factors which have resulted in Keperra being one of the hottest markets in Brisbane! Just 10km direct line from the Brisbane CBD, Keperra has slipped under the radar for many years, often being overlooked or underrated, but with Brisbane’s population growing and the demand for a more affordable entry level price point, buyers are paying close attention to this suburb, and as a result, prices are moving!!   The median sales price for houses in Keperra in the last year was $537,250 based on 130 home sales. Compared to the same period five years ago, the median house sales price for houses increased 31.0% which equates to a compound annual growth rate of around 5.6%. This consistent growth paired with a healthy rental yield has created an appealing proposition for...

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HIGH GROWTH SUBURBS WHERE RENT PAYS YOUR MORTGAGE


Our very own Zoran Solano, Brisbane property expert, was recently interviewed by the Courier mail discussing the topic which was to select high yielding suburbs where tenants paid your mortgage and also capital growth opportunity. the article was featured in the Saturday Paper but also Real Estate.com, here is a sample of that article, with also a link to the full article below.   “Hot Property senior buyers’ agent, Zoran Solano said Boondall, Bracken Ridge and Acacia Ridge were his picks.Mr Solano encouraged investor to stay within a 15km radius of the Brisbane CBD and look for growth triggers like infrastructure and renovation.   “Boondall is an area where we’re seeing a lot of gentrification,” Mr Solano said.“The older generation who bought and built their 70s and 80s brick homes are now moving on to other areas and fresh blood is coming in and renovating and value adding,” he said.Mr Solano said Bracken Ridge was affordable an...

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LEASED at the first inspection


Multiple Applications, Over asking rent achieved.  The premium rental market is alive and well within Blue chip locations of Brisbane, as seen here in Hot Property Managements’ latest result in Magdala Street Ascot.   This large family home was recently advertised for lease and achieved record interest levels straight away via the unique methods and personal approach our team bring to the marketing and leasing process.   The attributes of this wonderful home really sell themselves to prospective tenants, but sometimes that’s not enough to achieve a premium result. The Hot Property team employed a wide range of traditional real estate techniques executed to a high standard, such as Professional Marketing Photos, and Open for Inspections, to achieve over asking rent, within the first week of marketing. In fact, we received an application before the first open for inspection and within 24hrs of the inspection obtained another 3, with some offering over as...

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My Tenants Are Breaking their Lease!


With record low interest rates, and a bias towards owner occupier lending it is no surprise tenants are becoming home owners, which is then having a ripple effect into the rental market. Also in addition with the Influx of brand new units and apartments, predominately being purchased by investors, tenants are spoilt for choice when it comes to rental options at the moment.   Even Zoran and Maddyson from the Hot Property team recently had a tenant break a lease due to the fact they had purchased a home, so this can happen to anyone.   Here are some helpful tips to help guide you through this period;   The first thing you want to do after a tenant has given your property manager notice they are breaking their lease is to discuss a strategy of when to launch the property online and begin marketing the property. Here at Hot Property Management we like to launch properties as soon as possible to try and replace the tenant in a timely manner, usually 3-4 weeks prior to t...

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