When I ask property investors what qualities they are looking for in a tenant, they usually come up with a list that looks something like this:

“I don’t want any property management headaches. I want a tenant who pays on time. I also want a tenant who takes care of my investment property. Then I want a tenant who is going to stay forever, and one who never calls with problems .”

So who are these ideal tenants and, more importantly, how do we attract them?

How do we tempt the tenant who will look after the house, the landlord and the property manager?

The best way to answer this is to flip the question on its head, and ask what are THEY looking for.

Here is a list that any good tenant – and we have plenty of them on our books at Metropole Property Management – would compile: [Read more...]

When you consider that buying an investment property will be one of the biggest financial commitments you ever make, why would trust just anyone to look after it for you?

For a small annual fee, professional property management can save you valuable time, money and headaches, making your investment journey a lot smoother.

And of course the property management fee is fully tax deductible, so the argument that you can save a few dollars with a bit of DIY property management really isn’t justified.

Additionally, failing to invest in a property manager can actually cost you more in the long run, as they can be invaluable in maintaining your assets’ long term rental yields and capital growth. [Read more...]