{"id":19759,"date":"2018-01-10T01:00:10","date_gmt":"2018-01-09T14:00:10","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=19759"},"modified":"2018-01-10T01:00:10","modified_gmt":"2018-01-09T14:00:10","slug":"set-and-forget-investing","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/set-and-forget-investing\/","title":{"rendered":"Set And Forget Investing"},"content":{"rendered":"

Property management that includes many of the costs of repairs and maintenance \u2013 and still manages to save you money \u2013 is an investor\u2019s dream. And it may just be a matter of looking outside the property management box to achieve this. Pauline Hatch reports<\/em>
\nEven with a property manager in place and fees being paid, landlords still invest plenty of extra time and money in their properties. For time-poor investors or those with large portfolios, the answer may be a Defence Housing Australia (DHA) investment.
\nDHA is unique in its approach to property. Essentially, DHA sources and sells high-quality properties to investors, then leases them back to provide housing for Defence Force members and their families.
\nNot only does the leaseback arrangement give investors the security of a guaranteed rental return, even if the property is vacant or the market drops, but it also includes DHA\u2019s all-inclusive property care services.
\n\u201cWhen you invest in a DHA property, you get a guaranteed rental income for up to 12 years, and because DHA is backed by the Australian government, it\u2019s secure,\u201d explains Suzanne Pitson, DHA general manager portfolio management.
\nShe says that during the lease term your rental income \u201cwon\u2019t fall below the starting figure, even if the property market does\u201d.
\nProperty care\u00a0<\/strong>
\nIncluded with the lease is DHA\u2019s comprehensive property management package, which offers far more than traditional management services.
\nDHA Property Care gives investors more freedom and less stress by managing and even absorbing the costs of many common property expenses that would normally be handled by the landlord. For example, DHA offers the following benefits.
\n1. Most repair and upkeep costs are covered<\/strong>
\nOn top of the standard repair and maintenance services, DHA Property Care also offers general maintenance of the property, such as upkeep of the gardens. It will also cover the like-for-like replacement cost for most fixed appliances.
\n\u201cWe take care of the day-to-day aspects of managing your investment, as well as coordinating and paying for most non-structural repairs and maintenance,\u201d Pitson explains.
\nThis service, coupled with the rental guarantee during \u00a0vacancy, also means investors may be able to save money on tenant protection insurance.
\n2. Lease-end restoration services<\/strong>
\nAt the end of your lease term you can decide what to do with your property: move in, rent it privately, or sell. No matter what you decide, DHA will prepare your property for you at no extra charge.
\n\u201cAt the end of the lease, we ensure the property is professionally cleaned, appliances are clean and in good working order, and the dwelling, grounds and landscaping are in a neat and tidy condition,\u201d Pitson says.
\nA fresh coat of interior paint is all part of the service when the lease comes to an end, for properties on a lease of six years or more. Properties leased for nine years or more receive new carpet and \u2013 except where a body corporate is in place \u2013 a new coat of external paint too, so that your property is fresh and ready for the next move in your strategy.<\/p>\n

\u201cWhen you invest in a DHA property, you get a guaranteed rental income for up to 12 years\u201d<\/em><\/h2>\n

3. Positive annual market reviews<\/strong>
\nWith DHA, it\u2019s not necessary to check up on your property manager to make sure they\u2019re pricing your property competitively in the market. DHA hires independent valuers to inspect your property annually \u2013 and no matter what the results, your rent will never fall below the starting point.
\n\u201cWhile other developers may offer rental guarantees, you\u2019ll have a hard time \ufb01nding one like DHA that will offer a long-term rental guarantee of six to 12 years,\u201d Pitson says.
\nManagement that saves you money<\/strong>
\nDHA\u2019s leaseback investment model and property care service is a\u00a0\u2018hands-off\u2019 solution for time-poor and risk-averse investors. And while its management fees are higher than a traditional management service, the \u2018all-inclusive\u2019 nature of DHA Property Care has been proven to actually save investors money in the long run.
\nDHA fees are calculated at a flat rate, dependent on the property type. Freestanding houses are charged a 16.5% fee, while properties with a body corporate that is responsible for some items normally covered by DHA are charged 13% (including GST).
\n\u201cOur service fee is incredibly competitive when compared with the true cost of alternatives, when you consider our unique inclusions,\u201d she says.
\n\u201cWith traditional property investments, you risk losing income due to vacancies, which is something DHA owners are guaranteed against, and our Property Care fees cover more services and costs.\u201d
\nIn fact, a BIS Shrapnel 2014 comparison report revealed that the full amount incurred using traditional management services costs landlords a minimum of 18.1% in annual fees and expenses, compared to DHA\u2019s all-inclusive 16.5% fee.
\n\"\"
\nHOW MUCH MONEY COULD YOU SAVE?<\/strong><\/u>
\n\u2022 In December 2014, BIS Shrapnel produced a report on DHA\u2019s service fees.
\n\u2022 Despite a slightly higher management fee, the report found that DHA investors saved around 15% over a nine-year lease period compared to the cost of using a conventional \u00a0property manager.
\n\u2022 The report calculated the typical property expenses of three rent scenarios ($300, $450 and $600 per week) for a detached house.
\n\u2022 DHA Property Care\u2019s comprehensive services were found to save investors hundreds or even thousands of dollars in property costs annually.
\n\"\"
\nGetting started with DHA<\/strong>
\nDHA\u2019s properties are sold by ballot. Once you secure a property and pay a small holding deposit you\u2019ll be able to arrange an inspection and conduct further due diligence before proceeding to settlement. To start the process, visit the\u00a0dha.gov.au<\/a>\u00a0website.
\n\u201cOur investment program and our property care service allows investors the freedom they need to enjoy their everyday lives and look forward to their future,\u201d Pitson says.
\n\u201cWe are committed to providing hassle-free properties to investors, and quality homes for our valuable Defence Force members.\u201d
\nOriginally published as: http:\/\/www.yourinvestmentpropertymag.com.au\/property-management\/shortterm-rental-property-managers-what-are-the-benefits-243731.aspx \u00a0<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Property management that includes many of the costs of repairs and maintenance \u2013 and still manages to save you money \u2013 is an investor\u2019s dream. And it may just be a matter of looking outside the property management box to achieve this. Pauline Hatch reports…<\/p>\n","protected":false},"author":176692471,"featured_media":19760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,31],"tags":[70],"class_list":["post-19759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-your-investment-property","tag-featured"],"yoast_head":"\nSet And Forget Investing - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/set-and-forget-investing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Set And Forget Investing - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Property management that includes many of the costs of repairs and maintenance \u2013 and still manages to save you money \u2013 is an investor\u2019s dream. 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