It’s GAME ON and the stakes are high.
The property management rule book is getting another rewrite and might very well see game time, as opposed to the warm-up runs seen previously. Investors, tenants, landlords and property managers should all be conditioning themselves for changes on how the game is played.
The government has decided to get the ball rolling by making changes to the Residential Tenancies Amendment Bill that was introduced last year.
There are also changes happening in the property management space, which is currently unregulated. But hopefully not for long – the government is also writing legislation around managing the managers, which should see investors and their portfolios further protected.
Keep up-to-date with the changes so you can be ready for game-time.
Fortunes can be made in times of change and what better time than now to be building your portfolio? Michael Yardney suggests ways to thrive in a difficult market.
We also have a tax feature on the updates to associated persons legislation. Make sure you're not caught out by the controversial new policy currently making its way through Parliament.
Our beginner series, Investing 101, looks at how to spot a scam. The old adage – if it’s too good to be true, it usually is – needs to be heeded when looking for investment opportunities.
We spend a day in the life of a property referee. Debra Smallholme is a neutral player between landlords and tenants when things go pear-shaped with a tenancy.
We also profile David and Cindy Thompson, whose investing strategy is all about thinking outside the square and developing multiple income streams, such as rent-by-the-room.
Also in the March 2009 issue: