Damian is managing director of Momentum Wealth, a Perth based property investment consultancy firm. A successful property investor in his own right, Damian formed Momentum Wealth to assist time poor investors in building their portfolios and applies his many years of experience to help clients accelerate their wealth creation. Visit www.momentumwealth.com.au
Imagine an affordable, hassle-free investment in one of our major cities that offered a guaranteed rental return of over 6% and a long term lease with fixed annual rent increases. In cash-strapped times, this would seem an opportunity too good to miss. But, as always, there is a darker side. Welcome to the world of…
One of the things all property investors need to understand relates to who you should trust for advice and, specifically, the difference between a salesperson and an advisor. For anyone considering investing in property, there can be a lot of information to take in, and it’s not just about property. You would think that this is…
If you’re looking to buy an investment property there are some marketing traps that property investors should be wary of! You see… When it comes to deciding how to spend your property investment dollar, there are many options from which to choose, from established houses to off the plan apartments and everything in between. …
Acquiring a tenanted property can deliver many benefits, however, there can be various pitfalls as well. So what are the pros of cons of buying a property with existing tenants? It’s a situation that many property investors find themselves in. After securing finance, spending months searching the property market, scouring the internet and attending countless…
Whether you’ve recently acquired an investment property or have a long-held portfolio, it’s always beneficial to review your assets to ensure returns are maximised. If you’re the type of property investor that relies on your property manager for guidance, particularly for direction to optimise rental returns, you’d want to make sure that you’re using…
Yesterday I started to explain why it’s important for property investors to understand the valuation process – You can read it here. Today I’ll explain the role that sales evidence plays in the valuation process, some of the challenges faced by valuers and how investors can get the most out of their valuations. There is a saying…
How does a professional valuer perform a valuation on a property, what are some of the challenges, and how can property investors use knowledge of the valuation process to their advantage? The formal valuation process is an integral part of property investment and it pays for property investors to understand the ins and outs. In…
Finding a property manager that will help you to maximise value from your investment property portfolio can be an extremely tough exercise. With so many different property management companies in the market the degree of service you will receive can vary dramatically. Too often do property managers promise the world before disappointing and becoming just…
While landlords fear vacancy periods in between tenants, there are certain matters your property manager needs to attend to before a new tenant can move in. It might seem ideal for a tenant to move into your property the day after another vacates, thereby ensuring no disruption to your rental income. However, this rarely occurs…
Property investment is a great way to significantly grow your wealth, however there are many common mistakes that investors continually make. While property investors generally focus on the features and requirements needed to become successful, many often forget to consider the aspects and strategies that should be avoided. Here are two common pitfalls of property…
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