You can’t have successful property investment without tenants but too many landlords pay scant regard to their tenants – to their financial detriment. I’m sure you’re aware, one of the keys to property investment success is cash flow and that generally comes from your tenants paying rent for your property over the long-term. Many novice…
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I once knew of a young tenant who was the epitome of an A-grade tenant. He paid his rent on time, rarely asked for any repairs or maintenance, kept the house in good condition, and was overall very pleasant to deal with. Things continued in this manner for several years, until one day, it slowly…
Deciding to sell a property, whether it’s an investment or your own home, is a big step. You might be planning to upsize, downsize, relocate, or let go of an investment; regardless of your motivations, selling your property comes with a lot of considerations. Choosing the right real estate agent is key in helping you…
Today we look at the most common tenant complaints and how to overcome them. It’s no secret..apartment living can sometimes be an exercise in diplomacy. Keeping everyone happy in a multi-unit dwelling is no easy task. However, when problems arise and relationships sour all hope is not lost. You wouldn’t think having a vegetarian…
Ask any long-term landlord and they will probably say they have experienced the highs and lows of property management. In fact, many investors have learned the hard way about property managers who don’t do much more than collect the rent – and sometimes that doesn’t happen either! Now, every industry has its bad apples, but…
Far too many novice investors falsely believe that their property managers are entirely responsible for their investment properties. They adopt a “set and forget” mindset and blindly hand over the care of their investment to someone who probably is overworked and underpaid! Savvy investors, on the other hand, understand that while they might hand over…
It’s no secret that the rental market in some parts of the country is sluggish. But just because some areas are performing below average it doesn’t mean that investors can’t achieve rental growth. The truth of the matter is that you can manufacture higher rents no matter what the market is doing. Don’t believe me?…
If you’ve been considering renting out a house you own, or buying a house to rent out, you have things to think about. While owning a rental can be a good way to make some extra money, there are concerns that should be taken very seriously. You need to take a good look at the…
Residents of NSW apartments are another step closer towards being allowed to legally keep a pet with the passing of a crucial law in parliament last week. The Legislative Council has finally agreed to amend the Strata Schemes Management Act, making it illegal for strata buildings to unreasonably ban the keeping of animals. Last October,…
As a property investor, one of the toughest decisions you’ll face is choosing the right professionals to manage your property. Their role is an important one. They’ll be in charge of advertising, conducting inspections, vetting potential tenants and organising maintenance – not to mention ensuring rent is paid in full and on time – so…