This is a question we frequently get asked. You’ve got a property management company, you’ve got building insurance, so why do you need landlord insurance too? Well there are a few things beyond everyone’s control and it is always wise to consider having insurance to cover you for the unexpected. Here are some reasons why.
While you as a property owner may have worries when it comes to tenants, it’s also good to look at the flip side of the coin and see what fears tenants have. Rent rises are almost always the number one fear of a tenant. While you are within your rights to increase the rent annually,.
Traditionally investors veer away from one-bedroom properties; industry experts seem to think you won’t get the resale value or you’ll have difficulty in renting it out. However, times are changing. More people are choosing to live alone and many are looking for a lifestyle living in the middle of a vibrant centre or desirable area.
With the government making changes to the old age pension recently, many people are looking to alternatives to supplement their retirement in the future. Self-managed superfunds, stocks and shares and other investment schemes are possibilities. Property investment should also be considered; it’s easier to understand, and some consider it’s a lower risk. Plus if you.
Here’s the ideal scenario – long-term tenants, rent paid on time, property cared for and property maintained. Keeping tenants happy is the key to a great investment property. Cutting corners with tenant management will make them feel uncared for and very often, the knock-on is they won’t care about you or your property. By looking.
The reason you’ve invested in property is you want to make money in the long run. It could be for your retirement, for a lifestyle, for that dream holiday or for your kids’ education. Whatever the reason, you want to get the best return from your purchase. Some people think managing their property themselves saves.
Whether it’s your home or investment property, when it comes to selling it, you want to get the best possible price in the shortest amount of time with the least amount of stress. Knowing what to avoid will keep costs down, save time and it will lead to a successful sale with both sides happy..
When taking decisions about where and when to buy, many successful property investors follow the same steps that a property buyer’s agent would. One key factor is not to look at an investment property with emotion. While you do want to make sure it’s an attractive property for tenants, remember it’s not you who will.
Co-ownership is an option to consider if you can’t afford to buy a property outright on your own. It involves two or more people combining finances to pay the deposit and mortgage and it is becoming increasingly popular with the younger generation. Some people use co-ownership as an option for purchasing an investment property while.
You don’t have to break the bank to increase the value of your property. The key to simple renovations is to focus on areas that can make a difference and are in keeping with the property – it’s pointless putting in a granite bench top when the property is a small 2-bedroomed unit just as.