Page 5 - Newsletter Issue 9 - January 2020

What is rentvesting? (continued)

But the point is; when comparing the buy versus rentvest So, is rentvesting the way to go?
decision, it’s important to consider the full financial impact Rentvesting works best when there’s a noticeable difference
and this is done by forecasting over the long term. between what it costs to buy versus rent in the same area.
If Matt was to rentvest, in 20 years, his wealth position Kingsley says ultimately, it’s more suited to those on higher
would be looking quite solid. He would be receiving incomes, because earning more generally results in a higher
$46,650pa in rent (on a property that’s predicted to keep borrowing power. But it’s also something a younger person
growing in value) and he would be mortgage free, Kingsley can consider if they can’t afford to buy where they really
says. want to live and are happy to take a road-less-travelled.
“The biggie is that he would be financially better off to the But every investor is different and people should always get
tune of $380,000 over 20 years if he went against the grain independent financial advise.
and chose to rentvest.”
SOURCE: www.domain.com.au/advice/whatisrentvesting
How to personalise a rental property

without losing your bond…..

If you’ve just moved into a rental property, you’ll want to their home.
make it feel more like home, but there’s only so much you If you’re leaning on leaning, the bigger the better with your
can do without risking your bond. art so it occupies as much wall space as possible. A layered
look will help ensure the art looks curated and less like
As a general rule, tenants should leave their rental property you’ve been putting off hanging your art. For large floor
as they received it, aside from general wear and tear. How- pieces, canvas-wrapped art works well as they are often light
ever, there are ways to personalise your new home without and easier to move around. For heavier, timber-framed
causing damage, asking for your landlord’s permission, or pieces, transparent non-slip grip at the base of the frame can
spending a huge amount of money. stop the artwork from moving when bumped. If you’re
concerned about leaving marks on the wall, felt stickers on
Prevent damage from the get-go the frame where it touches the wall can further minimise
As you start to transform your rental into a home and move damage.
your furniture around, it becomes easy to scratch or dent
flooring and make marks on the walls. Preventing damage Create your own storage solutions
from the very start will make personalising your rental less It’s amazing what a well-placed tension rod can achieve in
stressful. The legs of items like tables and chairs can scratch terms of storage and decor options. If you’re careful during
hard flooring. Adding felt stickers to the underside of each installation, you can dismantle it when you leave without a
trace.

A tension rod placed inside a window frame is useful for
adding curtains to warm up a room. Between cabinets in a
kitchen, hooks can be added to a tension rod create valuable
hanging space for pots, pans and utensils. Need a better-
placed shower curtain? A tension rod could be the remedy.
For more hanging space, consider over-the-door hooks or
hangers. Cheap and easily picked up at most homeware
stores, hooks can be added to the back of bathroom doors
for hanging towels without the need to install railings that
require your landlord’s permission.

Embrace the portable garden
If your rental comes with a backyard, you’ll need to ask your
landlord’s permission before starting your own garden. A
leg will make moving furniture around less risky. A thin slice garden that is portable and contained is your best bet for
of a cork attached to the underside of legs is another quick avoiding conflict with your landlord when it comes time for
and easy way to prevent markings. you to leave.
Display your art without wall damage
Recently passed reforms in Victoria will allow renters to Elevated veggie and herb gardens are a great way to add
install picture hooks without first obtaining the residential more greenery to your space without affecting the property,
rental provider’s consent. These laws don’t come into effect and work well for balconies too. Repurposing second-hand
until July 2020, and if you’re living in any other state you’re wooden boxes with appropriate drainage is a cost-effective
going to need to ask permission before making any incisions way of creating a home for your plants. Adding roller
into the wall. Many tenancy agreements specify that wheeled feet to the bottom of any planter boxes or larger
adhesive hooks and Blu Tack aren’t suitable for hanging pot plants will make your next move that much easier, and it
pictures, as these methods run the risk of damaging paint or helps when restyling your rental during your stay there, too.
walls.
SOURCE:- https://www.domain.com.au/advice/how-to-
Leaning art against a wall rather than hanging it is a great personalise-a-rental-property-without-losing-your-bond-917360/
workaround for renters looking to add some personality to