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
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.