In this episode of the Property Investors Handbook, host Adam Bell and property management expert Colleen Sutherland delve into the complex world of rental increases. With recent legislation changes and a rapidly evolving property market, understanding the intricacies of rental adjustments is more crucial than ever.Colleen provides detailed insights into the new rules surrounding rental increases, including the limitation of once-a-year adjustments and the absence of a cap on increase amounts. From the impact on tenant retention to the negotiation process between landlords and tenants, every aspect of rental adjustments is thoroughly explored.Listeners gain valuable knowledge on how property managers conduct rental appraisals, navigate lease agreements, and advise both parties on fair and equitable adjustments. Colleen's decades of experience shine through as she offers practical tips for maximizing rental returns while maintaining positive landlord-tenant relationships.Discover the significance of timing rental increases with lease terms, the importance of written agreements, and the role of property managers in facilitating smooth negotiations. With expert guidance from Colleen and her team at Sutherland's Property Management Group, landlords and tenants alike can navigate the rental landscape with confidence.Whether you're a property investor seeking to optimize rental income or a tenant looking to understand your rights, this episode provides essential insights to help you make informed decisions in today's dynamic property market.Don't miss out on this informative discussion on rental increases and their implications. Tune in now and empower yourself with the knowledge to thrive in the world of property investment and management!

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related