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!
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.