Wealth Coffee Chats podcast thumbnail image

Pet Bonds for Your Rental. Is That a Thing? What You Need to Know.

Oct 23, 2024 | Podcasts, Wealth Coffee Chats

Listen to Wealth Coffee Chats Podcast Now

Discover the latest and most effective investing strategies in Australia by joining our upcoming FREE Webinar! ➡️ https://positivere.events/learn-to-in…

So, are ‘Pet Bonds’ an actual thing? In this episode, Cass Sjostedt discusses the complexities surrounding pet bonds in property management, particularly in Australia. He emphasizes the legalities, tenant responsibilities, and the importance of communication between landlords and tenants. Cass also covers the necessity of landlord insurance to protect against potential pet damage, and the proper procedures for handling pet applications. Let’s Wealth Coffee Chat!

00:00 – Introduction to Wealth Coffee Chats
02:08 – Show starts – Property Management Wednesdays with Cass Sjostedt
04:25
– What is a pet bond? What does it mean for tenants and landlords?
07:51 – In most states and territories tenants need to seek consent to own a pet.
12:19 – How landlords should handle tenants applying for a pet.
14:07 – What do you do when a pet causes damage?
16:13 – Conclusion – Pet bonds are not lawful, so have proper framework in place.

Subscribe To Our channels and get More Great Real Estate Investing Tips:

If you’re yet to subscribe to Wealth Coffee Chats, be sure to do so on your favourite channel.
Listen on apple podcasts button
listen on spotify button
watch on youtube button
listen on google button
What Is Negative Gearing And How Does It Work?

What Is Negative Gearing And How Does It Work?

In this episode of Wealth Coffee Chats, Positive Money’s Cang Dang discusses recent developments in the Victorian property market, including a new stamp duty concession for off-the-plan properties. Cang delves into the concept of negative gearing, explaining how it can help investors save on taxes. Lastly we cover the implications of purchasing property under a personal name versus a trust, highlighting the benefits and drawbacks of each approach.

Where Is the Property Market Going? Market Update for 2025

Where Is the Property Market Going? Market Update for 2025

In this episode of Wealth Coffee Chats, Jason Whitton and Dr. Andrew Wilson discuss the current state of the Australian property market, including insights on interest rates, housing trends, and economic factors influencing real estate investing. They explore the implications of falling inflation, the potential for interest rate cuts, and the dynamics of various housing markets across Australia. The conversation also touches on the challenges of supply in the housing sector and the impact of migration on rental markets. Let’s Wealth Coffee Chat!

Strategies for Saving for a House Deposit

Strategies for Saving for a House Deposit

In this episode of Wealth Coffee Chats, Cang discusses the current state of the finance and property market, focusing on interest rates, negative gearing, and government schemes available for home buyers. He emphasizes the importance of timely market entry and offers strategies for saving for a deposit, highlighting the potential impact of rising property prices on savings timelines.

Setting up a Bank Account System to Manage Your Negative Cashflow.

Setting up a Bank Account System to Manage Your Negative Cashflow.

In this episode of Wealth Coffee Chats, Jason Whitton discusses the intricacies of real estate investing, emphasizing the importance of effective bank account systems, avoiding cross-collateralization, and managing cash flow. The conversation delves into structuring loans, setting up banking systems, and strategies for managing negative cash flow while ensuring tax efficiency. Jason provides practical insights and encourages listeners to engage with their financial strategies for better investment outcomes.

Australia’s Property Tribunal System Is Broken. You Won’t Believe This!

Australia’s Property Tribunal System Is Broken. You Won’t Believe This!

In today’s edition of WCC’s Property Management Wednesday, Cass Sjostedt discusses the challenges faced in property management, particularly focusing on the inefficiencies of the tribunal system. He shares personal experiences and insights from a recent property management conference, emphasizing the importance of effective tenant selection and proactive management strategies to avoid costly mistakes. The discussion highlights the need for property managers to be vigilant and engaged in the management process to protect the interests of rental providers. Let’s Wealth Coffee Chat!

How Can First-Home Buyers Get into the Australian Property Market?

How Can First-Home Buyers Get into the Australian Property Market?

In this episode of Wealth Coffee Chats, our host Jason Whitton discusses the current state of the property market, highlighting the challenges faced by first-home buyers in Australia. With the property market reaching a staggering $11 trillion, Jason dives into the difficulties young people encounter when trying to enter the market, including rising prices and the burden of debt. Jason also explores various opportunities and strategies available for first-home buyers, including government grants and family support, to help them navigate the complexities of home ownership. Let’s Wealth Coffee Chat!

The 3 Parts of an Awesome Wealth Creation Blueprint

The 3 Parts of an Awesome Wealth Creation Blueprint

In this episode of Wealth Coffee Chats, Jason Whitton discusses the importance of having a solid financial plan, outlining the three key components: wealth creation, protection of assets, and cash flow management. Property investing, insurance, estate planning, and understanding tax implications are critical to ensuring property investors a financially stable future. Want to know more? Let’s Wealth Coffee Chat.

How Much Savings Do You Really Need to Buy a Property?

How Much Savings Do You Really Need to Buy a Property?

In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through everything you’ll need to know to secure lending for your property. What are the financial obligations you’ll need to take onboard? Is 20% really the golden number when it comes to a deposit? Let’s Wealth Coffee Chat!

The 6 Things That Your Tenants Want to See in Your Property

The 6 Things That Your Tenants Want to See in Your Property

In this video, Cass Sjostedt from R&W Plus walks us through the definitive list of things that tenants want to see in your property. By making your properties open communal spaces you can increase your occupancies, reduce your vacancies and start boosting your revenue by keeping tenants safe, happy and engaged. Want to know more? Let’s Wealth Coffee Chat!