Things you can do to Reduce Vacancy Rates and save lost income A vacant property means lost income for all property investors. To reduce extended vacancies, property investors can observe the Three P’s: Price, Presentation and Promotion. Price – a rent increase is always pleasing (for the landlord), but when your tenant gives you notice.
Processing an application for tenancy is a basic role of your property manager who will recommend the best applicant for your property. In addition to the information that your property manager provides regarding applicants, consider asking your property manager more about the applicant applying for your property, including: Have employment references been checked verbally and.
What makes a better investment – a house in the suburbs or a centrally located unit? As the great Australian dream is pushed further and further out of reach for many people, renting is their only option. Poor affordability is continuing to lock tenants out of buying their own property. While this is disheartening news.
Tenants from hell, high loan repayments and persistent maintenance problems can make landlords feel residential investments are for suckers. Houses however, are among the most popular and effective ways to build long-term wealth, without the wild swings share market investors experience. Always look at taking a long-term view. Bad tenants: Poor tenant selection is a.
Are you ready? Tax time is one of lifes certainties, and now is the time to start getting your tax information together and booking in to see the accountant. To help maximise your tax refund, and bring you one step closer to buying your next rental investment property, here are a few tips: If you.
Newcastle and the surrounding areas have seen a strong demand from investors purchasing investment properties for some time now, property prices having been heading North – hence the reason why investing in property is so lucrative. However, with all this activity there has been a side effect; we now have a slight over supply of.