What we are experiencing in the residential rental market at the moment is applicants been approved by agents and investors very quickly. There are 2 main reasons for this is occurring; We are experiencing an oversupply of rental properties and the highest vacancy factor we have seen in about 5 years Investors have financial/mortgage … Continue reading Act quickly or miss out on good tenants!
From time to time we are asked "my tenant has been paying the same rent for a while shall I increase the rent"? We understand that the costs of owning residential property have increased and you would like your rent to increase with those costs or at least in line with CPI. Firstly it's … Continue reading My tenant has been paying the same rent for a while shall I increase the rent?
It can become very stressful when your investment property is not leased quickly enough and could end up costing you a lot of extra money but this doesn't have to be case. The first step is to understand what is happening in the rental market within your suburb and surrounding suburbs. The best way … Continue reading Avoid the stress of having your investment property vacant for too long!
Firstly they know they are a good chance of securing your business and if you are motivated to sell then they know you will eventually come down in price. The most common line from the agent after listing a property is “The market has changed”. In some instances the market can adjust, such as with … Continue reading Why do some real estate agents indicate a high potential selling price to the owner?
Every investor wants to ensure they find good tenants for their property, but this doesn't always happen and we hear lots of horror stories. Selecting good tenants is a key in property investment, it will reduce both emotional and financial stress for you. It will also likely keep the property tenanted for longer and … Continue reading Tips to finding good tenants
Selling a property can be stressful and all just too hard! The first step is that you will need to prepare your home prior to been advertised. This could include doing major or minor improvements, painting, decluttering, removing personal items, selling or putting furniture into storage, cleaning, gardening and many more jobs. This in itself … Continue reading Selling a property can be stressful and all just too hard!
Frustrated you haven't been able to buy your first property or investment sooner! Entering the property market is a big commitment and as a first time buyer or as first time investor you are faced with many challenges. It can be scary as a lot of money is involved and fear can stop you … Continue reading Frustrated you haven’t been able to buy your first property or investment sooner!
Luke Moroney who educates investors on buying property says after you buy your first investment property, the 2 keys actions are to stay in the game & to start looking for your next deal. 1. Stay in the game A lot of people buy their first investment property & then literally put their feet up. … Continue reading After you buy your first investment property!
The property manager is constantly changing. In most agencies property managers change every 6 to 18 months. This is very frustrating for an investor who needs to update the new property manager on the property & start a new relationship all over again with them. In this instance managing the property breaks down, time & … Continue reading Top 3 reasons investors are not happy with their current property manager.
Treat tenants with respect, be friendly & helpful. Remember they are helping you pay a mortgage or providing you an income. Good communication throughout the tenancy & maintain a positive relationship. Respond to their questions in a timely manner. Attend to repairs and maintenance promptly. Consider their needs and understand the points they raise from … Continue reading 4 ways to keep tenants happy & living in your property longer.