Most of our clients hire a property manager. This is one of the situations where good property managers shine; he or she will identify when a payment is late, liaise with the tenant to find a solution and instigate and follow through with Tribunal hearings and eviction orders if necessary. Even if ...
Solo, or buy with a partner?
Have you considered buying a property with a partner? There are many benefits: you get to split the costs, the risks and the decision-making. There are also risks: if things go wrong you can lose financially and you can ruin your relationship. So, what should you think about before taking the ...
VCAT and you
Wouldn’t it be great if we and our tenants always got along? Sometimes, though, the tenant-landlord relationship can go sour. Rent isn’t paid. The tenants have asked for repairs that haven’t been done. There’s damage beyond normal wear and tear, and no one wants to pay. If you (or your property ...
Maintaining your investment
Once you've bought your investment property, you’ll need to put some thought into how you’ll keep it at its optimum value. All properties experience wear and tear, and your decor, fixtures and fittings will eventually begin to look tired. If you keep on top of small jobs, factor in maintenance and ...
Strategic partnerships – making sure everyone wins
Strategic alliances are partnerships where two or more businesses work together. This might mean sharing information, skills and expertise, and resources. Both partners can potentially extend market reach or enter new markets. If done well, a strategic partnership can help both companies grow ...
Finding a property manager you can trust
We recommend our clients hire property managers - especially if they are new to investing, have more than one property in their portfolio, live at a distance from their investments or are busy with other commitments. Having a property manager can save you worry, inconvenience and money. In short, a ...
Buy an existing house or build new?
Property investors have so many options available to them: buy a house, unit or apartment? Buy an existing dwelling, buy off plans, or build new yourself? So many interesting possibilities! The option you choose will depend on your financial plan, your financial and lifestyle position and your ...
9 reasons to hire a property manager
Prospective investors are often worried about how they will handle tenants if they buy an investment property. This is a realistic concern. Choosing, managing and (if you’re unfortunate) evicting tenants can be time consuming, expensive and can lead to legal dramas. Not everyone is equipped with the ...
What kind of insurance do I need?
There are very few investors who can afford to cover all potential risks themselves. None of the investors I know, for example, could afford to rebuild their entire property after a fire. Most would struggle replacing just carpets and curtains. Damage happens – the trick is to make sure ...
Can I afford this? How interest rates affect affordability
Interest rates are low at the moment. This has been great for most of us – this means cheaper credit. For those of us who arranged mortgages and bought property when rates were higher, we can either pay smaller mortgage repayments now or we can apply the same amount to pay off more principal and ...
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