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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Property renovation is not only a great way to improve the value of your biggest financial asset but a sensible strategy to enhance your lifestyle without the expense of buying a new home. State government stamp duty fees are significant in most states. If you love your neighbourhood, it can make little sense to go…
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It’s not uncommon to need to refinance your home as your lifestyle and aspirations change. Perhaps you want to buy a bigger home or invest in a major renovation that can’t be covered by the equity you’ve earned from regularly paying down your mortgage. Or perhaps the way your mortgage is structured doesn’t allow enough…
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The continuing boom in property prices has tempted many homeowners to invest in renovations to maximise the value and then put their home straight on to the market. There’s no doubt you stand a better chance of enjoying a great return on your investment if you modernise your home. Properties that enjoy a mix of…
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Managing cash flow can be a major challenge in running a small business. Even the most experienced and savvy owner can have moments when cash is stretched tight through no fault of their own. It’s important to understand cash flow and its critical role. It’s a catch-all term for money flowing in and out of…
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Taking a personal loan is a tried and trusted way to access money to purchase an item important to you, or to help you overcome short-term cash issues. There’s an almost endless list of reasons why you may need a personal loan. Some of the most common motivations include buying a car, meeting medical expenses,…
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