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Protect Your Investment After You’Ve Gone

We don’t often like to discuss the subject but just like taxes, death is certain. This being said, there is no point in worrying about it but it’s a good idea to plan ahead. That way when it happens, life runs as smoothly as possible for those left behind.

We all hear about wills being in place for when the inevitability of death arrives but do you realise just how important a will really is? Too often a family member takes it in good faith that others will do the right thing in the event of their death but, sadly, this is not always the case.

There are sad stories of a parent dying and not updating their will; siblings fight over valuables and relationships break down. Legal battles can ensue and costly and heartbreaking fights are either won or lost. This happens in particular where there are assets such as investment properties involved.

We at E Property Rentals can manage and protect your property while it is being rented out but we strongly recommend that you have a will in place in the event of your untimely or expected passing. Here is some brief information on wills and the benefits of having one that includes your investment property.

Why you should have a will

If you have one or more investment properties it would be fair to say yours is a decent estate. With this in mind, you should consider the people whom you leave behind and how the assets should be divided.

For instance, dying without a will left behind means you were ‘intestate’. Due to Australian laws that are specific when it comes to rules about deceased estates and properties, this could mean your investment is distributed to close family members, that is, your next of kin.

However, in some instances you may not wish for your investment property to be distributed this way. For whatever reason, you may prefer to leave it to a partner or relative such as a grandchild. This can only be effectively administrated if you have a current will in place.

How can you write your will?

When it comes to larger estates you might like to consider enlisting the services of a solicitor. This is because a solicitor will know and understand all the legal requirements relating to distribution of assets to spouses and children, for instance.

Other alternatives are do it yourself will kits or an online company that can prepare your will for you. Do it yourself kits can be purchased in most post offices or a good search will point you in the right direction.

As for succinct and professional management of your investment property now, contact us at E Property Rentals today.

Making our Homes Secure

Whether we own a home or live in a rental property, we face the same issue of home security. Our home and contents are our biggest asset and should be given the utmost protection. While we are all aware that insurance is imperative, there are certain things expected of us by the insurance company. If we don’t take the time to secure our properties properly, we can’t expect to be paid out for any losses incurred by criminals breaking into our homes. There are many items that although covered by insurance can never be replaced. Family heirlooms, photos, and sentimental keepsakes that have been handed down through generations are precious. Therefore it is vital to give our homes the best protection we can. This means good quality locks and keys. Many modern homes not only have door locks fitted but window locks as well.

For those who are renting a property, locks and keys are still a high priority.

While the actual residence is insured by the owner, their personal belongings are not. If the home is rented through a property management in Forest Lake, the agent will ensure that they are given keys to all the entry doors, garages and any other area that has a lock involved. When a couple is renting a premises, there are usually two of each key for at least the entry doors. If there are adult children as well, spare keys can be obtained from a locksmith, at the expense of the lessee. Always ensure the family makes a habit of locking up when leaving and arriving home. This makes it harder for others to break in and steal, or vandalise the home. With home invasions becoming increasingly violent nowadays, we need to do all we can to protect our families as well.

With the need for security at an all time high, property managers in Brisbane are well aware of the importance of clients being issued with locks and keys. This is not only protection for the clients renting the home, but for the home owners as well. Insurance covers damage, but premiums can be increased after claims have been made. Security measures can prevent this happening.

Secure your home over the holiday

When leaving for holidays it is always a good idea to double check all windows and doors are securely locked. You will enjoy your holiday knowing you have done your utmost to protect your property. Locks and keys are a necessary part of living these days, and by being security minded, there will be no rude shocks on your return.