Purchasing a property for an investment is very different from purchasing a property for you to live in. It does take some careful planning and research, and the first step to buying an investment property is knowing what makes a good one. Here are four aspects you need to consider when searching for the right.
When people are looking for a rental property, they will first look within a certain area, and within their budget. They will look also for a particular type of property and the number of bedrooms. But what then? The filters on a rental search can give an insight into what tenants are looking really for,.
No investor buys a rental property to have it sit empty… The key to a good investment property is to make it as desirable as possible so tenants want to live there, and once they are there, they want to stay there; if circumstances change for them, and they do leave, you need to.
Maintenance, damage, pest control… when it comes to who’s responsible for what, there may be some grey areas. Here we take a look at what you can do to avoid a potentially messy (and costly) rental situation. The garden The tenancy agreement must state who is responsible for the upkeep of a garden. Generally, unless.
You’ve sorted the finance, signed on the dotted line, and the keys to your investment property are in your hands. After you’ve popped the champagne and celebrated, now what happens? Here are the next steps to becoming a successful landlord: Health, safety, and minimum standards Rental properties come with a number of health and safety.
We take out insurance to give us peace of mind so we are covered should the unexpected happen, however, there are some things which landlord insurance won’t cover. Insurance companies do need to strike a balance between providing cover for the most common landlord risks while keeping their own risk manageable and policy costs affordable;.
Sometimes referred to as ‘capital works deductions’ by ATO, many property investors think depreciation only applies to new properties. However, investor owners of older properties, shouldn’t be so quick to dismiss it, as they could be missing out on some of the associated tax breaks association. What is depreciation? Depreciation is calculated and projected (or.
No matter how unlikely the event, accidents do happen, people do get injured and property does get damaged; this is why we take out insurance for our assets. Insurance also helps cover costs associated with liability (legal responsibility) for damage or injury caused to a third party. However, insurance can be complex and there are.
With Anthony Albanese PM recently announcing sweeping housing reforms, describing the changes as ‘most significant in a generation’ the spotlight is definitely on the housing crisis. While rental affordability is impacting many, and as a result impacts housing supply, the cost of living is affecting everyone – landlords included! There are 2.2 million family investors.
There is sometimes a bit of a grey area over who’s responsibility it is when it comes to pest control; if pests, such as cockroaches, mice and rats were present prior to the start of a lease, it’s the landlord’s responsibility to take care of the problem before the tenant moves in. A tenant is.
