Questions to ask before buying a serviced apartment

Some of our landlords have serviced apartments in their portfolios.

We asked them what questions they consider important to ask before investing in serviced apartments:

 Determine how the lease relationship works (ie you lease it on a long-term basis to a third party operator who rents it out for short stays)

·     How long are the leases for? (they usually start at 5 years)

·     What happens at the end of the lease? Are there council and zoning restrictions that may affect your ability to extend leases

·     What are your outgoings? Ie council rates, water rates, owner’s corporation sinking fund, capital works etc


·       RealRenta will automatically manage the tenancy for you.

  • Receive your rental income paid in full directly to your Bank Account
  • Automates all rental tasks from Receiving and tracking the rent
  • Self-populates the rental ledger with automatic invoices and receipts (which is a legal requirement)
  • Service Ledger, for any bills the tenant has to pay for that is not Rent
  • Instigates arrears process with automatic reminders by email and text
  • Breach notices issued automatically - keeping you the landlord, informed every step of the way
  • All Communications and Maintenance requests are done via the platform, with the tenant able to upload documents and photos as required.
  • RealRenta acts as a buffer between tenants and landlords via the platform creating an arm’s length relationship
  • RealRenta keeps a full record of the tenancy for all time, so you are able to go back and look at old leases, rent ledgers, tenants, etc.
  • You will be allocated your very own RealRenta Guide who will help you every step of the way


·       Use RealRenta for Free for up to 2 months now:  https://app.realrenta.com/Signup.aspx


Jason Gwerder
Sunday, 19 May 2019

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)