Property for rent
Brisbane, one of the many house for rent
House renting and other stuff
Welcome to our article (47), property for rent
Dear readers, in this article of property for rent, we continue to talk about houses and how we use them, you see, 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, renting a house or an apartment can be the way to go. 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, let us see what we have been writing lately, and tell our story our own way, as we have done in our section D.I.Y brickwork etc. Because now we want to talk about renting a property ourselves.
Scaffold and cranes hire
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. But what we do with these properties that we have built, renovated or repaired? 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.
The property for rent
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 tell the readers what we want to rent, which is 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.
Writing the rental ad
Make no mistake; at the time when we wrote this article, this is real advertisement, so, if you live in Brisbane and require a unit, you can apply to live in this unit. But if you want to read our article to keep informed that's okay. Because 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.
AVAILABLE FROM TODAY
These are affordable rentals
Available soon, a two bedrooms part furnished or unfurnished unit,
Location; unit 2-28 Hipwood Avenue Coorparoo, Brisbane Qld 4151
Cost $280.00 PW plus bond, this will be discussed on inspection if required
To inspect call Frank; Tel. 07-33979614 or email us at this address, email@example.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
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 for the property and many other things.
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. As we have said most of what is needed about renting.
Now, 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.