A: Yes we do! Read more about our property management guarantee here
Landlord & Property Investors Frequently Asked Questions
Q: Does Fusion Realty have a "free try before you buy policy"
A: Yes! All new landlords and property investors wishing to try to Fusion Realty's property management services may try our property management services for free for the first 3 months. Some exclusions may apply, please contact us here to enquire.
please feel free to contact us now to find out more.
Q: Does Fusion Realty offer a property management service guarantee?
Q: What is the average age of Fusion Realty's property management staff and why is this important?
A: This is a sensitive area for our property mangers but the average age exceeds forty five years. The reason this is important, is because mature aged property managers tend to look through tenant excuses, they have a real understanding of good old fashion customer service and they reliably turn up on time for their appointments and open for inspections.
Q: Why do Fusion Realty's property managers look at property management through the eyes of landlords and not of tenants?
A: One of the most important criteria that Fusion Realty seeks in their property managers is the fact that they have owned their own investment property. This means our property management team understand what it's like to be a landlord, how important regular rent income is, and what tenants are suitable or not suitable to lease a property to. They ask themselves the question "would I rent my property to this person?" If a property manager has not had this personal experience then they tend to look at property management through a tenants eyes. As a landlord what would you prefer? This is a major point of difference between Fusion Realty and the rest, it is not uncommon to find in 99% of real estate firms a have 18 to 25 year old in control of 200 properties each with a value that exceeds 700,000.
Q: How long will it take to find a tenant for my property?
A: The length of time a property is on the market is determined by the property condition but mostly by supply and demand, which determines the market rent. If the property is price to high the property will be vacant for longer and the quality of tenants drops off. Good tenants can always rent properties for less, while high risk tenants are forced into high price properties. At Fusion Realty we believe in three fundamental principals in relation to property condition:
- Keeping your properties condition and maintenance up and in good order means it is always tenant ready and will make a good first impression to good tenants looking to lease a property.
- Maintaining the condition of your investment property in a good and reasonable order means that it is as liquid as possible so if there becomes a need to sell quickly for the best possible price the odds are in the owners favour.
- Lastly if your investment properties condition and maintenance is in good and working order and you would like to refinance your investment property the valuer from the bank will not mark the value of your investment properties condition down.
Fusion Realty will do our part by carrying out property inspections and advising the landlords if you should update the condition of the property. We are very mindful of making sure that you do not over capitalise by doing unnecessary renovations. Spending large amounts of money on large renovations does not guarantee high rent returns.
Q: What factors determine the current rent return of my residential investment property?
A: No one wants to pay too much for something, especially tenants, so with the advent of the internet and multiple real estate websites tenants are able to search quickly and easily for a property by price and location. Supply and demand is the single biggest influencing factor in determining market rents and is effected by:
- Tenants becoming home owners when economic conditions are favourable and the banks loosen their lending criteria.
- Number of new buildings being constructed in your suburb and surrounding area's means more supply of property without new tenants to fill them.
- Government policies, may favour investors creating more landlords with more investment properties and the reverse is true, if there was the removal of the negative gearing incentives or increases in land tax's property investors would leave the real estate market as the yield become to low.
- Time of the year, if your investment property is located within 5 to 6 kilometres of universities or other seasonal education facilities the students leave when their studies are complete and return home.
- Poor economic conditions, and higher unemployment moves tenants back into homes with parents, or into shared housing meaning there is a higher number of occupants per dwelling and less single tenant available to lease property.
- Migration to and from New South Wales and capital cities. This is normally connected to economic conditions and employment, tenants are very transient and move to where the economic conditions favour them first.
- Immigration from other countries, if the government tightens up the entry requirements you have less tenants moving into the country.
Other factors that determine rent returns are:
- The properties condition
- Marketing and advertising methods used
- Features and facilities
Q: What factors determine the current market price of my residential investment property?
A: While a number of factors come into play, in the end a property's worth is judged by only one figure - how much is somebody prepared to pay for it at the time?
The considerations for pricing a property are:
- Recent sales - within the past 6 months.
- Property Location - Near Transport, Schools, Amenities etc.
- Condition - New property/off the plan, Victorian Terrace, Derelict House.
- Seller motivation' - the reason the current owner is attempting to offload the property might also play a major role in determining the final cost. If a quick sale is required, vendors have little choice but to accept the best offer at the time without the luxury of waiting for a better deal.
- Economic factors - What are the interest Rates and affordability of real estate property.
- Confidence of market - Market confidence can be global, national or local and is determined by governments, recessions, and any global financial crisis.
- Market Competition - How many properties are available to be purchased, if high buyer demand exists at a time when very little property is actually available.
This website and webpage along with the frequently ask questions is for general informational purposes only and is not intended to provide commercial, financial, investment, accounting, tax or legal advice. It is provided to you for your own personal use. The information provided is of a general nature only and has not taken into account your specific objectives, needs and financial situation. The information may not be appropriate to your individual needs and you should seek advice from your financial adviser before making any financial decisions.