Why finding good tenants is key to investment property success

Why finding good tenants is key to investment property success

Tweet Good quality tenants are worth their weight in gold and may be one of the most important factors in determining the long-term success of an investment property. As landlords usually never get the chance to meet their tenants they may not be bothered by who they are as long as they pay their rent on time, but there are a number of other reasons why landlords should make the effort to attract and keep a quality tenant. Less maintenance costs Ideally you want to attract tenants that will look after your rental property and treat it like it...

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Should you hold out for higher rent on your investment property?

Should you hold out for higher rent on your investment property?

Tweet All landlords want to receive the best price possible from their rental property, however holding out for a high rental value doesn’t always make for the wisest financial decision. It’s not uncommon for landlords to stand firm on a rental figure, particularly if they have been receiving that amount in the past, however doing so could lead to a property sitting vacant for a prolonged period and a substantial loss in rental income. The decision to lower rent is never an easy one but let’s say the current market rent for your property...

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Should you purchase a home with asbestos?

Should you purchase a home with asbestos?

Tweet If you’re thinking about purchasing a property then you probably want to avoid asbestos at all costs, however that might not be as easy as it seems. That’s because approximately one in three Australian homes are thought to contain asbestos. What’s more, the majority of homes built or renovated before 1990 have some kind of asbestos material in them. With asbestos being so widespread there’s a good chance that many property buyers will come across homes that contain the substance, but that doesn’t mean they should be ruled...

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What you need to research before you buy a home

What you need to research before you buy a home

Tweet There are a lot of factors that need to be considered before purchasing a property and every buyer needs to do their own research to ensure that important details don’t fall through the cracks. The amount of research that needs to be done can seem overwhelming, so we have broken down a few key areas of research to look at to get you started on the right foot. Financial research Before buying a home you need to determine what you can realistically afford. Talk to a few different lenders or a mortgage broker to work out your borrowing...

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3 common mistakes you might be making as a home seller

3 common mistakes you might be making as a home seller

Tweet When it comes to real estate, nothing is for certain and it may feel like whether or not you get a good selling price comes down to the luck of the draw. While a little bit of luck may play its part, there are things you can do to take control and ensure you have a positive selling experience. You may fair best by avoiding the most common pitfalls that other sellers have made. They include: Not fixing basic maintenance issues A small property issue that could cost just a few hundred dollars to fix could end up knocking thousands of...

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How to find the best real estate deals

How to find the best real estate deals

Tweet Having a hard time finding a great property in your price range? Are all the good places snatched up before you get a chance to even view them? If you’re finding it challenging breaking into the market then you’re not the only one. It’s not uncommon for it to take months or even years to find that elusive property that meets all of your criteria. The key is not to give up on your search even when it seems like there is nothing in the market for you. But there are some things you can do to help improve your chances of finding a...

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