We often hear about how someone starts an internet business or develops an app alongside their day job. Suddenly it takes off, and they’re putting their feet up and boasting about a million dollar lifestyle. However, for most people, starting up a business alongside their day job is a lot.
Buying an already tenanted investment property sounds like an ideal situation, and in many cases it is. Some of the pros include: • Save time with finding tenants • Save costs associated with finding tenants • An income right from the start However, you do need to be aware of some of the possible.
If you’ve decided to invest in property, the chances are you’ve got a good understanding of property management. A good property manager not only saves you time and hassle, but it can also save you money. Indeed, a UK survey at the end of last year found a property manager saves a landlord an.
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.
The words self-managed super funds (SMSF) and property investment in the same sentence may bring cold shivers to some people, but with sound financial advice and doing your homework, you can use your SMSF to purchase an investment property. There are rules you have to follow though, and here are just some of the considerations.
Worried about bad tenants or buying the wrong property? Whether you’re a first time investor, or you’ve got a portfolio, as with any investment, there is risk. But the good news is, there are always ways in which you can reduce your risk. Here are a few suggestions to minimise some of the risks associated.
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.
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.