Managing your own rental property is very achievable, but as the landlord, you'll be responsible for complying with the residential tenancy laws in your state or territory.
Before accepting a tenant, make sure you're prepared for:
- Tenancy documents: Use the appropriate tenancy agreement, information statements and other required documents for your state or territory.
- Bond: Check the maximum bond you can request and follow the correct process and timeframe for lodging or handling it.
- Condition report: Complete the required entry condition report and keep good records, including photos where appropriate.
- Property standards: Make sure the property meets applicable minimum standards, safety requirements and maintenance obligations before and during the tenancy.
- Repairs and maintenance: Have a plan for dealing with routine and urgent repairs.
- Inspections and access: Follow your state's or territory's rules about notice, frequency and reasons for entering the property.
- Insurance: Consider appropriate building and landlord insurance for your circumstances.
- Record keeping: Keep copies of agreements, rent records, notices, inspection reports and other important tenancy documents.
Rental laws differ between states and territories and can change, so use the current forms and information published by the relevant government tenancy authority where your property is located.
No Agent Property helps you advertise your rental property and connect directly with prospective tenants, while you remain responsible for managing the tenancy and meeting your obligations as a landlord.