Mindset is talked about a lot these days; you need the mindset for this and the mindset for that, and you need the right mindset for investing in property. Going in with a half-hearted attitude or giving up at the first challenge is not what property investment is about. Investing in property is within.
You know the general market rate, however looking at your property, is there anything else you can do to increase its rental value, or at least make it more attractive for potential tenants? With over 40 years of property management behind us, we know of ways to improve your property that don’t cost the earth,.
The latest figures* released by the Australian Bureau of Statistics (ABS) shows property investment is still in many people’s reach and many are using negative gearing to help them reach their financial goals; figures show 62 per cent of people who negatively gear one property have taxable incomes under $80,000. Breaking the figures down by.
As a landlord, you need to maintain a good relationship with your tenant. As well as making both your lives easier, it will also encourage your tenants to stay longer because they are happy with where they live. Plus, a good relationship will contribute to your tenants caring for your property and treating it as.
If you want to achieve your property dreams and goals, it’s important you have the right mindset. There will be times when paperwork seems overwhelming or you come across some other challenges, but when times get tough or a bit difficult, to keep ourselves motivated, we always say, everyone needs somewhere to live. Property has.
Regardless of why people rent, there are still some common issues and fears. As a landlord, it’s wise to be aware of these fears so you can either prevent or address them before they become a major issue. Good tenants are worth hanging on to. After all, they are paying your mortgage and looking after.
Joint ownership is becoming a more common way for people to get onto the property ladder, and/or buy an investment property. Also known as co-buying, this method of purchasing a property allows friends and family members to split the costs of both the purchase and on-going costs. On the face of it, it looks like.
Once you’ve decided to invest in property, and you’ve started your property investment journey, it’s very easy to slip into bad habits that can make your experience hard work. Even established property investors are guilty of sliding into routines which aren’t good for them. To keep your property investment journey less demanding, here are some.
How many times have we heard our grandparents say ‘values just aren’t the same these days’? We can’t really comment on other people’s values, but we can on property values, and over the past 20 years, it’s been good news for investors; nationally property has increased by over 230 percent* and nearly 170 per cent.
There are several factors to consider when looking at property investment, and one of these is vacancy rates. In general terms, the vacancy rate is the percentage of available rental properties that are vacant or unoccupied at a particular time. High vacancy rates indicate property is not renting well while low vacancy rates can point.