Getting started

The key to getting the most out of your rental property is to be business-like and professional, and that means careful planning right from the start.

Here’s a list of things to do before you start renting out your property. Click on a link to find out more, or download this pre-letting checklist for landlords.

1. Establish the market rent, to work out what rent you should charge for your property.
2. Decide the wording for your advertisement to make sure you attract the tenants you want.
3. Make sure any maintenance or repairs are done.
4. Have a separate bank account ready for the rent, but be aware you need to have a buffer in case the rent doesn’t go in when expected.
5. Get a pre-tenancy application form.
6. Get a tenancy agreement form.
7. Get a bond lodgement form.
8. Arrange tradespeople for repairs.
9. Enrol in a credit check company.
10. You may wish to view Tenancy Tribunal orders online  as another tool in your decision making process before entering into a Tenancy agreement.
11. Consider joining a local property investor association  for more information.