If you’re like many property investors, you’ve had more than your share of frustrations over the last couple of years, including the increased cost of maintaining your property with rising interest rates and mortgage costs, council rates, insurance and ever-changing legislative environment that seems to be favouring tenants more and more.

Today I’m joined by Leanne Jopson, national director property management at Metropole to discuss some recent shifts in our rental markets and changes to our tenancy laws across Australia.

The conversation highlights the evolving landscape of rental properties and the necessity for investors to adapt to these changes to maximize their returns.

Takeaways

• The rental legislation has shifted in favour of tenants recently.
• Property owners are facing more challenges due to new regulations.
• Compliance with legislation is essential to avoid penalties.
• Understanding tenant rights is crucial for property investors.
• Minimum standards for rental properties are becoming stricter.
• Legislative changes are impacting how often rents can be increased.
• Property management is much more complex than just collecting rents.
• AI can assist in property management but cannot replace human relationships.
• Investing in property requires a business mindset.
• Strategic planning is key to successful property investment.

Chapters

00:30 Understanding Recent Shifts in Rental Markets

01:25 Current State of the Rental Market

09:25 Legislative Changes Impacting Landlords

18:21 Minimum Standards and Compliance Challenges

27:12 Water Usage Regulations and Responsibilities

32:28 The Importance of Property Management

34:29 The Power of Useful Beliefs

36:47 Shifting Perspectives for Problem Solving

38:30 Special Offers and Resources for Listeners

Links and Resources:

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

Leanne Jopson – National Director Property Management at Metropole

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Shownotes plus more here: An Investor's Guide to Rental Reforms: The Tide Turns To Tenants with Leanne Jopson