Frequently Asked Questions on our Property Management

How do your fees work?

Our fees are fixed and we have no set up fees in any respect, unlike other Property Management companies.

Our Property Management fee for long term rentals is 7.7% flat, with no hidden charges. We only get paid when you do. When choosing a brand new tenant a leasing fee is applicable charged at the equivalent of 2 weeks rent.

Our Airbnb Property Management fee for short term rentals is 15% flat, with no hidden charges and no set up fees. Again we work on a commission basis so will only get paid as you receive income.

Will you guarantee my rent?

Yes for long term rentals. No for short term rentals. We want the whole process to be simple and for you to feel totally confident that things are simply being taken care of.

That's why we guarantee your rent. If the tenant fails to pay, we will pay your rent out of our own pocket.

Terms and Conditions apply including the below;
• Property must have 6 week bond
• Landlord must maintain property as required
• Rent Guarantee not valid if property is vacant upon receival
• Bond covers the initial 6 weeks rent before guarantee begins
• Landlord insurance is held to cover damages, landlord covers the excess

If I Don't Have a Tenant for an Extended Period of Time, How Do You Resolve this Issue?

If your property is being managed by KingsCoin, and is without a tenant for an extended period of time, we will act to resolve this issue. We will analyse the market, as well as look at your property to identify any barriers.

Sometimes it may be that the marketing is poor and is not attracting enquiries. Your rental charges may be high in comparison to similar properties in your area.We look to position your property as being valuable to a prospective tenant. As part of this, we seek feedback from people who have come to view the property to help identify what they are seeking and how we can improve the property in order to secure tenancy.

Who do you use for Property Maintenance?

We use several different companies with whom we have relationships with. When partnering with a property maintenance company, we consider costs, quality of work, timing and the on-going relationship.

We ensure that our tradesmen understand the needs of landlords and we also ensure we are not sending out tradesmen for simple jobs that we or the tenant can easily remedy.

How Many Properties Do You Manage?

The KingsCoin team manage just over 300 long term rentals and over 50 short term rentals nationwide.

What are the Financial Benefits of Owning an Investment Property?

The financial benefits of owning an investment property are is that you have your tenant paying off the property for you. Over the long-term, you will not only own your property, but the re-sell value is likely to increase as well. At this point, the property either continues to generate you a regular income or you can sell it and pocket the profits.

Property investment also allows you to leverage your wealth. If you've got $50,000 and you go and buy shares, you're buying $50,000 worth of shares. In property investment, if you've got $50,000, you can buy a $400,000 asset. At five percent increase in the value on a $400,000 asset is far greater than a five percent increase $50,000 asset for the same amount of actual equity investment.

How does KingsCoin decide on which contractors to do business with?

Contractors involved in any of KingsCoin's Adelaide property development projects are selected via a tendering process. This process considers their charges, the quality of their work and the timeframe they can deliver within.

We also consider references, and who will be our point of contact should the contractor become involved. KingsCoin places a strong value on the relationships we share throughout our business, including with our contractors.

If and when problems occur, we surround our properties with people who have our investor's best interests in mind.

How can my Property Investment be used to lower my tax bill?

Aside from negative gearing, there is another way to lower your income tax through property investment. It is done by using the depreciation of a property as an offset to your income tax.

As an example, if your rental income is $20,000 per annum, while your mortgage repayments are $19,000, you're making $1,000 profit. But by depreciating the value of that property by $10,000 per annum, you're actually making what's seen as a loss of $9,000.

That loss you offset it against your income tax. Most of that depreciation comes in the first five years or so, so typically this strategy is more successfully applied to a new property.

However, please note depreciation is a tax deferral, not a rebate. This means when you sell the property, you've got to pay that money back to the ATO.

What is the difference between positive and negative gearing?

Positive gearing occurs when your property is earning you an income from the rent you charge. Negative gearing occurs when the cost of owning a property outweighs the income it generates each year. This creates a taxable loss, which can normally be offset against other income including your wage or salary, to provide tax savings.

Does KingsCoin partner with Mortgage Brokers to help clients find the right loan?

Yes, we do.

As experts in Adelaide property investment, KingsCoin can offer our experience to help you find the right broker. Not all companies are created equal across the board. Some brokers are good for certain types of products only. KingsCoin advises our clients to use a mortgage broker rather than going directly to a bank.

This is because a good mortgage broker will know which banks to put your application in front of based on again the bank’s eagerness to do business, the costs involved and interest charged. Mortgage brokers are paid by the bank. KingsCoin can help to find you a trusted brokers who will place your financial well-being ahead of their fees so you can find the best mortgage to invest with.

Calculate your potential rental returns instantly online.

Compare short term rental vs long term rental income potentials. 

Calculate potential

Calculate your potential rental returns instantly online.

Compare short term rental vs long term rental income potentials. 

Calculate potential

KingsCoin are a leading boutique property development business based in Adelaide, South Australia. KingsCoin create investment opportunities, as well as offering investment strategy, project and property management services tailored to your needs. KingsCoin seek to maximise your returns at every possible opportunity.