Successful investors regularly assess their portfolio for potential improvements to enhance tenant appeal, increase rental income and grow the capital value of their assets. A keen eye for potential improvements is a valuable asset when inspecting rental properties to buy. Take notice not just of the quality of the building but any simple, low-cost potential…
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A property manager with local knowledge is hard to beat when selecting who should look after your rental. The best ones will maximise your return on investment and minimise the stress of tenant issues. They will know price trends, have a list of potential tenants and use trusted tradespeople and service providers who’ll keep your…
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An empty rental property burns a hole in your pocket as an investor so you need to minimise this risk by drawing up a pre-leasing plan with your property manager to find a new, trustworthy tenant as soon as the current one leaves. Good tenants who pay their rent on time are gold, and you…
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Owning an investment property is a little like running a business. It provides a great source of income and builds personal wealth but inevitably comes with a series of costs that hit your bottom line. The excellent news for property investors is that many of these expenses are tax-deductible. Tax advantages are not just available…
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A common source of confusion among property investors revolves around the difference between a market appraisal and a valuation. Each report focuses on the worth of a property. They’re popular with investors who’ve chosen to cash out or are planning to sell and upgrade rather than expand the number of properties in their portfolio. Let’s…
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Finding a good tenant isn’t easy which is why it can be valuable to hire a good property manager. Focus on a prescribed set of qualities that make a good tenant rather than relying on intuition. And remember that the Fair Housing Act is designed to ensure any selection criteria is applied equally to all…
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Selecting a tenant carries an element of risk as a wrong choice can cost thousands of dollars in unpaid rent, damage to your property or both. There are no guarantees, but it’s possible to enjoy a relatively stress-free experience of renting property and building your personal wealth. Investing in a top-quality property manager will safeguard…
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Owning an investment property requires discipline around the organisation of your finances. While it’s important to use professional advice and services, such as those offered by an accountant, no investor should assume the general elements of a property investment will look after themselves. It’s vital that you stay on top of your mortgage and tax…
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Owning an investment property can offer attractive tax advantages in exchange for contributing to the nation’s supply of rental accommodation. In order to claim these advantages, it’s extremely important to keep your receipts. Being organised always helps maximise your tax position. Using a property manager can make this easier as you’ll receive an annual income…
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Investing in real estate isn’t just about finding a great property. You’ve got to make the numbers work or you’ll be seriously out of pocket. Many investors choose to be a landlord in their own neighbourhood while others buy further afield to take advantage of strong capital growth and rental yields. The first step is…
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