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...
In talking to friends, family and clients, Australians have an emotional attachment to appreciating outdoor living. We all love the thought of enjoying warm summer evenings entertaining in our internal open floor plans entering into our outdoor courtyard. Indoor and outdoor living seems to be in Australian's DNA. This leaves us with an important question... Why should homeowners and sellers bother with...
Recent research conducted by a global index-based online real estate firm ‘Nested” claims that it’s possible to pay off your home loan quicker. https://nested.com/ They calculated how long it would take a property investor to regain the property value based on average rental income and Airbnb costs. It researched seventy-five international cities that featured both Melbourne &...
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...
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...
Melbourne property under $500K. It’s evident that property prices in Melbourne continue to increase. Many find it difficult to meet the affordability, while others are fortunate to manage a large property portfolio. Nevertheless, every type of buyer would be very interested in sourcing a quality property, particularly Melbourne property under $500K. As at September 2017, here are some property...