The best tenants aren’t necessarily looking for the cheapest properties – they’re looking for a great place to live.

You may be wondering what amenities and convenience features you should focus on so that these “dream tenants” will find you in their search..

Your appraisal will take advantage of our wealth of experience to highlight exactly what makes your listing valuable to these renters.

And if you feel like you’re coming up against the ceiling price for your area, a rent appraisal from CGPM will give you a true professional assessment of the property based on these features – allowing you to set your rent with confidence.

Of course, this also sets you up for the best returns possible as you’ll be able to set appropriate rent increases, according to the market, without the fear of losing great tenants.

Clarke Group Property Management ensures that landlords have rent reviews done for them on a regular basis.

It’s good practice to provide tenants with a justification for a rent increase, and a rental appraisal from a reputable company like CGPM will show your tenants that you’re basing your actions on expert recommendations and real data.

As per Tenancy law, you can legally increase the rent once every 180 days, or within the first six months of a new tenancy beginning. The tenant must be notified in writing of any upcoming increase at least 60 days beforehand, and must be at a fair market level. This notice can be sent before the end of the 180 days is over, as long as you give the notice once 120 days have passed since the last raise.

Please keep in mind that if the tenants have signed a fixed term agreement, there needs to be a specific clause within the agreement’s conditions stating that the rent can be increased during the fixed term.