Millennials’ priorities can be a little out of the ordinary, but might soon be the new normal. They makeup a huge percentage of rental property management tenants in Australia and it can pay off to alter your property to suit a millennial.
4 Tips to Become a Successful Landlord
Becoming a successful landlord can be a shrewd investment opportunity. You have the potential to make great financial gains, but it is not all plain sailing, and you must not assume that buying a property as an investment is an easy route to success. It takes a lot of time and energy to prepare a property for the rental market and to maintain its worth at the market value. Here are 4 tips to help you be a successful landlord.
Self Property Management or Letting Agent Fees – Which is Cheaper?
The answer to whether it’s cheaper to manage your buy-to-let property yourself or to pay an agent to do it is perhaps not as obvious as it first appears – it is not just a matter of the fees you pay to an agent verses yourself doing it for free.
There are a number of factors that need to be considered in such a calculation, including how much of your time you’re spending on managing the property, and making sure you avoid any costly pitfalls along the way.
Young Property Millionaires Share Their Tips on How to Break into Real Estate
IF YOU’RE 35 or younger and have attended an auction in Sydney or Melbourne in recent times, then chances are you are well acquainted with the feeling of despair that accompanies these suburban circuses.
The runaway prices in Sydney and Melbourne are largely out of the first homebuyer’s budget, and the homes often go to cashed-up investors or your parents (who may or may not be buying the property for you, depending on your good fortune).
Want to Go it Alone? Here’s Your Beginner’s Guide to Project Management
GOING it alone can be an attractive option for people looking at building their own home or renovating.
By managing your own project you can save money on an already tight budget and have complete control over absolutely everything to do with your build or renovation.
Tips and Traps for New Landlords
Australians are increasingly attracted to property by the taxation advantages, low interest rates, growth in property values and, of course, the perceived stability of owning bricks and mortar.
However, mistakes diminish returns and are usually in the areas of financing, recognising tax obligations and opportunities, and setting up arrangements, including how the property is held.
Managing and Maintaining Your Rental from a Distance: Tips and Tricks for Long-Distance Landlords
Long-distant landlord. Sounds like a hassle. You’re moving away and you want to rent your old place, but then there’s the rent to collect, repairs to finish, tenants to worry over…maybe it’s just not worth it.
While there are a few risks in renting property from a distance, the upside is very much worth considering. Remember these few tips and you’ll see how easy it is to manage and maintain your rental property from a distance.