Angel Property

Love hearing this kind of feedback! Medinia’s dedication to quick, efficient service is just one of the ways we aim to make property management stress-free. Thanks for the kind words Craig! 👏

1. Not doing enough research
Jumping in without understanding the local market, rental demand, or future growth areas can lead to poor investment choices.
Tip: Always research the area, speak to experts, and review long-term trends.

2. Underestimating the true costs
Many first-time investors focus on the purchase price and mortgage, forgetting about maintenance, insurance, property management fees, and potential vacancy periods.
Tip: Factor in all ongoing costs to get a clearer picture of your return.

3. Choosing the wrong type of property
Not every property makes a good rental. High-maintenance homes or ones in low-demand areas can become a liability.
Tip: Look for low-maintenance homes in areas with strong rental demand.

4. Trying to self-manage without experience
Managing tenants, maintenance, and compliance can quickly become overwhelming.
Tip: Consider working with a trusted property manager to reduce stress and risk.

5. Failing to screen tenants properly
Renting to the wrong tenants can cause financial and legal headaches.
Tip: Always do thorough background and reference checks.

Security & Locks: What Landlords Need to Know

🔐 Landlords must ensure the property is reasonably secure by providing and maintaining locks or security devices.

Key rules: Locks can’t be added, removed, or altered without mutual consent. Making changes without consent (or a valid reason) is unlawful and could result in penalties if taken to the Tenancy Tribunal.

If the property isn’t secure: Tenants should notify the landlord if locks need repair or replacement. If the issue isn’t the tenant’s fault, the landlord must fix it. If the landlord doesn’t act, the tenant can arrange repairs and request reimbursement.

If something gets damaged in a rental property, or needs repairing, it’s important to know who’s responsible for fixing and paying for the problem.

Tenants must let the landlord know if something needs fixing. Tenants must tell the landlord straight away if they are aware something needs to be repaired or maintained, no matter how it happened or who caused the damage!

The tenant is not responsible for repairs or damage from burglaries, natural events (such as storms, floods and earthquakes), or fair wear and tear.