For Landlords to consider:

1. Will this home appeal to quality tenants when it’s next vacant?
2. Does the location of this property have general appeal for tenants? Is it close to public transport, good schools, shopping areas?
3. Are there developments in the area which will improve or degrade from the value of this home? New transport links, multi-storey apartments going up which will block the sun, or a new City Council recreation centre.
4. Has there been an independent rental appraisal, and has your broker or bank approved this?
5. Are the tenants on a fixed term or periodic lease? If periodic, you have the option to ask for vacant possession.
6. Has the agent provided a recent inspection report, and notified you of any issues?
7. Do you have funds to cover initial repairs and maintenance?
8. Has a building inspection and a Healthy Homes check been completed?
9. Are there outstanding maintenance or compliance issues?
10. Are there improvements or minor renovations that will increase the appeal and rental income?
11. Have the tenants been given any extra benefits that aren’t noted on the sales info; i.e, lawnmowing included, free use of a large garage or workshop? (This can lower the expected income and affect your return on investment.)
12. Are the tenants up to date with rent? Any issues with prior inspections? Are there  Tenancy Tribunal applications, past or current?