2023: What Does The Future Hold For Landlord
As we start the new year, landlords may wonder what the future holds for them in 2023. The past year has been filled with uncertainty and challenges, but some trends and predictions can help landlords prepare for the year ahead.
Increase in rental demand
With the end of the pandemic, many people are still hesitant to buy homes and instead choose to rent. This is expected to continue in 2023, leading to an increase in rental demand.
Brisbane and The Gold Coast continue to experience extremely high rental demand. Get in touch with Housemark to identify a rental property suitable for your needs.
Changes in eviction laws
Due to the pandemic, many states have temporarily halted evictions. As the country starts to recover, these laws may change, and landlords must stay informed and comply with any new regulations.
Remote work and virtual inspections
Remote work has become the new normal for many people, and this trend is expected to continue in 2023. Landlords may need to adapt to this by offering virtual inspections of their properties to potential renters.
Housemark can fully facilitate virtual inspections if desired and necessary, and all in-person inspections are made safe to attend.
Increase in rent prices
With the increased demand for rentals, landlords may see an opportunity to increase rent prices. However, they should be cautious and consider the cost of living in their area before making any changes.
Technology advancements
Technology is constantly advancing, and landlords must keep up with new tools and platforms to help them manage their properties more efficiently.
At Housemark, we use state-of-the-art technology to make life easier for both landlords and tenants to keep track of their property. PropertyMe is a highly trusted, secure and easy-to-use property management software used by countless agencies.
Wrapping it up
Overall, 2023 will be a year of opportunities and challenges for landlords. By staying informed and adaptable, landlords can navigate the year ahead and make the most of the rental market.
Our professional team at Housemark are always available for existing and new landlords to discuss your best options with your investment property. We are available to chat at any time – simply call (07) 3073 3991 or fill out our contact us form.