Private Rental in TAS
Private Rental in TAS
Blog Article
Managing a Private Rental in TAS
Renting out a property in Tasmania (TAS) can be a great way to generate income, but hiring a real estate agent often comes with high costs. Many landlords are now choosing private rentals, handling the process themselves to save on agent fees and retain full control over their investment.
If you’re looking to rent out your TAS property without an agent, this guide will walk you through how to advertise your rental, attract quality tenants, and comply with local tenancy laws—all while maximizing your earnings.
Why Choose Private Rental in TAS?
1. Save Thousands on Agent Fees
Traditional real estate agents charge leasing fees, advertising costs, and ongoing management fees. By managing your rental privately, you avoid these expenses and keep more of your rental income.
Thanks to online platforms, you can now advertise your property without an agent on:
◆ realestate.com.au
◆ domain.com.au
◆ rent.com.au
◆ Gumtree
◆ Facebook Marketplace
While some websites require an agent, services like Rentscape allow private landlords to list on major platforms without using a real estate agency.
2. Full Control Over the Rental Process
When you handle your own rental, you set the rent, choose tenants, and manage lease agreements—without relying on an agent. This means faster responses, fewer delays, and better decision-making tailored to your needs.
3. Faster Tenant Selection
Real estate agents often manage multiple properties, leading to slower response times. With private rentals, you screen applicants directly, schedule inspections at your convenience, and secure a tenant faster.
4. Better Landlord-Tenant Relationships
By dealing directly with tenants, you build a stronger relationship, ensuring clearer communication and fewer misunderstandings. Tenants often prefer speaking directly to the landlord instead of going through a third party.
5. More Flexibility with Lease Terms
As a private landlord, you can customize lease agreements while ensuring compliance with Tasmanian rental laws. You decide on lease length, rent increases, and property rules based on your preferences and market trends.
How to Advertise Your Rental Property in TAS
Step 1: Prepare Your Property for Rent
Before listing your property, ensure it meets Tasmania’s Minimum Housing Standards, which require:
✔ Secure doors and windows
✔ Functioning plumbing, heating, and electrical systems
✔ Working smoke alarms (as per TAS law)
✔ Pest-free and well-maintained interiors
✔ Compliance with insulation and energy efficiency rules
A well-maintained property attracts better tenants and prevents maintenance issues later on.
Step 2: Set the Right Rental Price
Pricing your rental correctly ensures you attract the right tenants quickly. Research similar listings on realestate.com.au, domain.com.au, and rent.com.au to determine the market rate.
Consider:
◆ Location (Proximity to schools, public transport, and shops)
◆ Property size, condition, and features
◆ Rental demand in the area
◆ Recent rental trends in TAS
Overpricing may leave your property vacant for longer, while underpricing means lost rental income.
Step 3: List Your Rental on Multiple Platforms
To maximize exposure, list your rental on several websites. The best platforms for private landlords in TAS include:
◆ realestate.com.au (Most widely used rental platform)
◆ domain.com.au (Another top site for rentals)
◆ rent.com.au (Popular among independent landlords)
◆ Gumtree (Ideal for informal listings)
◆ Facebook Marketplace (Free and reaches a broad audience)
If a platform requires an agent, Rentscape allows you to list your property professionally without hiring an agent.
Step 4: Write an Effective Rental Listing
A well-crafted property listing helps attract quality tenants. Include:
◆ A compelling headline
Example: “Spacious 2-Bedroom Apartment in Hobart – Stunning Water Views!”
◆ High-quality photos
Take clear, bright pictures of all key areas, including:
✔ Living room and bedrooms
✔ Kitchen and bathrooms
✔ Outdoor spaces (balcony, backyard, etc.)
◆ Detailed property description
Provide information on:
◆ Bedrooms, bathrooms, and parking
◆ Appliances, heating/cooling, and amenities
◆ Nearby schools, public transport, and shopping centers
Lease terms (e.g., "12-month lease preferred")
◆Rental price and bond amount
Clearly state the weekly rent and required bond (which must be lodged with the Residential Deposit Authority - RDA).
◆Contact details
Make it easy for tenants to inquire about the property.
◆ Finding Reliable Tenants
Step 5: Screen Applicants Carefully
Choosing the right tenant prevents future problems. Conduct thorough screening by checking:
✔ Rental history (Ask for previous landlord references)
✔ Employment status (Confirm stable income)
✔ Credit and background checks (Check for unpaid debts or legal issues)
✔ Personal references (Assess reliability and character)
Using the National Tenancy Database (NTD) can help verify an applicant’s rental history.
Step 6: Use a Legally Compliant Lease Agreement
Tasmanian rental laws are governed by the Residential Tenancy Act 1997. Your lease agreement should include:
◆ Rent amount and payment method
◆ Lease duration (Fixed-term or periodic lease)
◆ Tenant and landlord responsibilities
◆ Bond details (Lodged with the Residential Deposit Authority - RDA)
◆ Maintenance and repair responsibilities
The Residential Tenancy Commissioner provides standard lease templates to ensure compliance.
Step 7: Complete a Property Condition Report
Before tenants move in, complete a Condition Report to record the property’s state.
◆ Take detailed photos of each room
◆ Note any existing wear and tear
◆ Provide a signed copy to the tenant
This protects both parties in case of disputes over property damage.
Step 8: Manage Your Rental Professionally
Once your tenant moves in, maintain a professional approach by:
✔ Conducting routine inspections (with proper notice)
✔ Responding to maintenance requests quickly
✔ Keeping clear communication records
✔ Reviewing rent periodically and adjusting as needed
Good property management ensures a smooth rental experience for both landlords and tenants.
Final Thoughts: Is Private Renting Right for You?
Choosing private rental TAS offers flexibility, cost savings, and complete control over your property. If you’re comfortable handling inquiries, lease agreements, and maintenance, self-managing your rental can be highly rewarding.
By listing on realestate.com.au, domain.com.au, rent.com.au, and using Rentscape, you can advertise your property like a pro—without paying agent fees.
Ready to rent out your TAS property privately? Start listing today and enjoy the benefits of "For Rent by Owner"!