Welcome to our article, Property for rent.
House renting and other stuff.
Dear readers, this is an old article about rentals that I am updating, so that, not only I can show you how we can rent ourselves, but at the same time I want to tell you the extra problems that we have today. Yes, we have more problems today that in the past, because things are changing.
Anyhow, we build houses to live in them. But today, you do not need to build your house, because you can rent them for a price, which can be convenient for some people. Therefore, in this article, we are going to discuss about renting properties and equipment, to show you that people don't have to own everything they use. Because they can be rented for a price.
The rental
market is formed by two groups, one group of people have no properties, or not
enough properties for their own use, and because of this shortage they want to
rent properties from those that are willing to rent their property for an
agreed price, so, they are on the market looking to find the right property to
rent.
On the other
hand, there are people that own a property or several properties that they have
bought, or they have built these properties for renting to other people,
because there is a market of supply and demand on these properties for rent.
Anyhow, this is how the rental market works.
In today
markets, not only you can rent a house, an apartment, or other commercial or
industrial properties, but you can also hire many things. Here in Australia,
you can rent even furniture and white goods. Most times it works better this
way, you see, even the builders while they are building hire many things, let
us mention a couple of things that are usually hired; scaffolding is usually
hired, there are firms that will build it up for you, cranes are usually hired,
and other heavy equipment are usually hired, and many other things can be hired
for a price, as long as there is a market for supply and demand.
Now, let us go back to talk about houses for rent; as you know, every one of us have our own ways of doing things, because everyone of us is in a different position. So, even writing about this rental property article we should write it our own way, therefore, now we want to talk about renting a property ourselves, and the problems we may encounter.
Describing how D.I.Y property for rent.
Lately in this DIY section we have talked how to build houses, and other accommodations, and perhaps even some industrial property. We cannot keep all of them for our own use; so, they must be sold or rented, now, we must decide how we will do that, it is a fact of life.
So, let us say,
that we have been lucky in our life, and today we happen to have some
properties that we are renting, now a unit has become vacant, so, we need to
rent this unit again. We want to rent it as soon as possible. But who is going
to do the renting we have to decide? We can go to the local real estate agents,
and ask them to let our property, they would be glad to do it for a price, but
in this case, we have decided that we want to try renting this property
ourselves, because we can save money.
We have some
experience about renting, and we know that it is not easy to rent yourself, but
we are willing to have a go, because we believe that by renting ourselves, we
don’t have to pay the real estate agent, and then we believe that we have more
control on the rental property, because we are the owners and try harder to see
anything that needs to be done.
However, we are
not as knowledgeable as the real estate agent, since they are the experts about
these things, and sometimes it is not easy to discuss things directly with the
tenants; you see, the real estate agent has some advantage in this field, not
only because it is his job, but because he is a third person, so, when he does
not want to clarify some inquiries to the new tenant, he can always say that he
wants to talk to the owner first; there is also something else that the agents
have but the owners do not, you see, they can look at the pool of rental
records, and see whether the new tenant has a good rental record, or has been
listed on a black list, meaning that these tenants are trouble.
Anyhow we know
all this, and we still want to rent our property ourselves, so, let us discuss
how we are going to do it; since we have this property for rent and that is a
fact of life.
Anyhow, life sometimes
guides you to do strange things, we have started by building houses, and now we
are renting houses. But let us continue.
Unit available for rent.
You know, in
our articles we have been talking about building houses, units and other
buildings; in this article, we are taking the liberty to rent our houses or
apartments. I reckon that this is another link of the same chain, since we are
still talking about houses, apartment and people accommodations.
The aim of this
article it two folds, one is that we are taking our readers in a journey of how
to rent a property if you have one, so, we can say that it is DIY rentals, the
other aim is really to rent our property, if we are lucky to find a good tenant
from our written advertisement; but, if this advertisement does not bring any
would be tenants, then we must find another way, so, we will place other
advertisement on the internet and if necessary in a local newspaper.
There are a lot of other things that you must know, if you own a property for rent. Anyhow, we need to rent this flat or unit, so, let us describe what we have today, and lets write an ad, like these rental ads are written; so, this is how I would write my ad starting from the location of the property, the location of the property is very important, because that is the first thing that tenants chose, so, let us start with the name of the suburb or town of this rental property.
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Writing the rental add.
Make no mistake; at the time when we wrote this article the first time, we had this apartment for rent. Anyhow, here we are saying a few things that can be interesting, whether you are a landlord or a tenant, there is something to learn, at least we will be trying to interest you. So, let us write the add.
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AVAILABLE
FROM TODAY
South Brisbane
These
are affordable rentals
Available
soon, a two bedrooms part furnished or unfurnished unit,
Location; unit 25 Main Avenue Brisbane Qld.
Cost
$380.00 PW plus bond, this will be discussed on inspection if required
To
inspect call Frank; Tel. 07-3397xxxx or email us at this address, menfranco@gmail.com
Tenants
that qualify will be asked to sign an RTA agreement for three months minimum.
Some
photo to show the property will be downloaded soon
Hope
to see you soon, if you need to rent a unit in Brisbane
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What we need to know about renting.
The landlords
should know how to price the property for rent, they should look around and see
the prices of other similar property in the same location and surrounding
suburbs, they should not be greedy wanting more money than what their property
is worth, therefore, they should ask for a fair price, even if sometimes that
price is not making much profit, well this is how I believe it should be done.
They should also make sure that the incoming tenants are good people, can
afford the rent, and they rent the property for their own personal use, above
all the incoming tenants should not rent the property to have many other people
leaving there, they should understand that they should state the number of
people that will be living at the property, they have also to supply their
names in writing, when they apply to rent the property. There are also some
other restrictions that the landlord will let you know when you want to apply to rent the property. and
Would be
tenants should know that you pay the market price for what you get, so, if they
have not rented before, it is wise to inspect a few properties, before they
decide which one to get, you see, it is important to know that you are not
being ripped off, they should also make sure that they are dealing with the
owner, or a person that has legal authority to rent the premises in the owner
name. We are saying this because in the news sometimes we see these con men
that make believe that they own a property, when they have only access to the
property, so, they may show you the property grab your money and run.
In order to
avoid most of these drawbacks the landlord needs to ask many questions, in
order to make sure that the tenants are what they say they are; the tenants
also needs to ask questions, they should at least make sure that they are
dealing with the owners, or their legal representative.
These are the main things that we must do when we are renting a property, of course, there is more that can be said, but we will leave it for another time. But here we are going to talk about the extra problems that we encounter these days.
OUR RENTAL VIEW OF TODAY
You see, today the rental market has many problems, and to fix them, the politicians need to make laws that can overcome these problems, but they seem to do the opposite, they blame the landlords for putting up their rent, when the landlords that are still on the market must put up their rent to survive, most small landlords may have only one property for rent, and financially most of them can be worse off than the tenants, which can run to Centrelink for rental assistance and other help. But the landlords cannot do that even if they are starving, just because they own one property or two. My view on this subject is that, if the politicians continue to make laws to help the tenants only and continue to charge high levies on properties, everybody will aim to be poor and run to Centrelink for help. I hope I have explained my view clear enough.
Now let us return to talk about normal articles. Because we
want to continue to talk about houses, and we have talked about renting houses,
we want to talk how to buy a house in next article, so, hereunder is a link
about buying a house.
To see more click on this link, Property for rent.
Things You Should Check Before Buying A Home
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