Buying an investment property is a great wealth accumulation strategy. To have the opportunity to earn a regular income stream through monthly rent is a great incentive. However, how do you attract a good tenant for your investment property? Generating a regular rental income is quite important and should be a key criteria when buying an investment property. It can help service your investment loan,...
One of the reasons investors turn to buying real estate is the fact it provides such a great income stream. Here we discuss how to stop late rent payments. Having the ability to generate a weekly rental income paid monthly has been one of the key drivers to buying an investment property. The better your tenant, the better your investment experience. If we hold the property long enough, we are often...
Sourcing a good tenant can be challenging. Particularly if you've bought an investment property in the outer Melbourne suburbs or rural country locations. When you successfully find one, you expect that those applicants will be living in your property. There’s a growing trend at the moment for rental properties to be sub-leased illegally through services like Airbnb. It is critical that you employ a...
According to new research conducted by rent.com.au, it's anticipated that Australia’s average renter this year is a 34 year old female earning approximately $66,000 p.a. and processes approximately five inquiries to sourcing a home. The property type and areas were not a collected in this study. Research also confirmed that 68.4% of tenants were employed, while 21.9% were in-between jobs. In...
You must ensure your investment property is compliant with the current regulations. Each state in Australia differs. As we are domiciled in Melbourne, Victoria, this is a quick snapshot to ensure your aware of the Victorian requirements around smoke alarms. Landlords Responsibility: Smoke alarms must be installed in all Victorian homes, units, flats and townhouses. Landlords are responsible for...
Buying an investment property is a wonderful achievement and an excellent asset you could own. It is likely among the most expensive assets you will ever own. For this reason, it is important to protect it. Landlord cover is one was to do this. It is very common for a landlord to rely on it generating a regular income stream through monthly rent. Therefore investors need to acknowledge the importance of...
Once you have purchased an investment property, there are a few important items to consider. One of those items is selecting a Property Manager. A property manager essentially manages your investment property. There service consists of sourcing a tenant, regularly inspect the property, manage maintenance issues and collect rent to name a few. Given the time needed to complete these tasks and the strict...
Rent – The true core of real estate. Investing in real estate should be a buy/hold approach. The traditional way that provides moderate returns while having the opportunity to use the rent to escalate the loan repayments. TV reality shows often falsely indicate that successful real estate is a quick turnover from buying a home, renovating it, and reselling at a much higher price, but this is far...
The walk score reflects how easy it is to get around without a car. The walk score is a number between 0 and 100 (100 representing a perfect score). Melbourne has been ranked number 1, with the only suburb achieving a perfect 100 out of 100. Werribee South takes the 'wooden spoon' with a score of just 0.6 out of 100, highlighting the high reliance on using a car to get you places such as shops, schools...