From family and friend armchair investors to online forums, everyone seems to be an expert when it comes to property investment. Like any business, when you’re thinking about investing in property, you should take the advice from qualified and licensed professionals and specialists. And you do need a team of different specialists around you. But.
From smoke alarm requirements and pool safety to discrimination and animals, real estate and property management does come with a few rules and regulations. It is not a legal requirement to use a property manager, and landlords do have the option to self-manage, in fact, according to the Real Estate Institute of Australia (REIA), property.
No matter how much effort you put in to be a great landlord, at some point, your tenant will contact you with something which isn’t right, or has gone wrong. Tenant disputes and complaints will inevitably arise; from maintenance problems to pest invasions, the majority of issues a tenant contacts you with will be for.
We all want our property to get top dollar, but the value of your property very much depends on whose eyes it is you’re looking through; your idea of what your property is worth, may well be very different to the one your lender, or indeed what the potential purchaser, is prepared to pay. Here.
