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Buying your first property heralds the beginning of your investment journey, but it does not end with signing that contract and getting that property title. That home or apartment is not going to make money by itself, so for savvy investors, the natural next step is to rent it out and make a killing off…
Property managers can be the best thing to happen to investors, as they take away much of the stress of personally handling your investment property. If they’re not up to the task, however, they can also be your worst nightmare. Many investors get into real estate initially because they are excited about the potential to…
As a landlord, it’s important to know your responsibilities around methamphetamine contamination – both for your tenants’ safety, and to ensure that you’re adequately covered. So what is methamphetamine? Methamphetamine, commonly known as ‘P’ or crystal meth, is a toxic and addictive drug. Side effects of its use can include mood swings, paranoia, aggression, anxiety…
Not too long ago, savvy homeowners would’ve included their bank manager on their annual Christmas card lists. The name probably would’ve sat quite near the top. In fact, they might’ve even sent a present. Maintaining a relationship with the person who ran your local branch was seen as being just as important as knowing an…
Property investment remains one of the best ways to create wealth but success depends on much more than just property selection and location. You see… property investment also involves people – namely landlords (that’s you) and tenants. Throughout the residential tenancy, you as the landlord have various responsibilities which must be upheld. Across the country, there is state-specific…
The REIV recently gave their take on the Melbourne rental property market Victoria’s vacancy rate stands at 1.8 per cent in July 2018. The weekly median rent for houses in metropolitan Melbourne remained at $450 in July. In regional Victoria, the weekly median rent for houses remained at $330 per week. The weekly median rent for units…
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…
Property management can have its ups and downs because fundamentally it’s about managing humans, who we all know can be unpredictable! Professional property managers, though, have best practice policies and procedures to ensure the process runs as smoothly as possible. Private landlords, and bad property managers, on the other hand often make mistakes that can…
No one like to think about insurance do they? Well…at least not till they need it and then they hope they are adequately covered. The problem is an alarming 80 per cent of property owners and tenants are underinsured according to EBM |Rentcover. Now this doesn’t mean they are not insured. Data from the Insurance…
Awesome landlords attract awesome tenants. It’s a simple matter of A + B = C… and while this equation applies in virtually all areas of life, it is remarkably relevant when it comes to managing your investment properties at an optimal level. A brilliant landlord is able to keep hold of tenants for longer periods…
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