A property manager is responsible for just three major things: finding you a tenant, collecting the cash and carrying out regular inspections. Right?
Having become an accidental property investor over a decade ago, and just about to pay the 10 per cent capital gains tax that follows selling said house, I have experiences to share that pop the picture of the fatuous, fat-cat, winner-takes-all, lucky investor stereotype.
Buying an investment property can sound like a solid idea in theory. But for the first-timer, it can also shape up as a confusing, sometimes overwhelming process.
Buying the worst house on the best street is a classic real estate adage, but it could be among the worst investment advice for those who don’t do their due diligence.
Selecting a great tenant from the outset can save you 12 months of agony.
“It’s important that any borrower be very disciplined about how they manage their money and they must always remind themselves ‘it’s not your money’ – it’s a loan that one day you will have to pay back.”
If you can’t afford an investment property in the capital cities, look to regional and rural Australia.
New investors are always asking how much they need to buy a property.
With many more people renting than ever before there has never been so much attention focused on the sector.
It was when he discovered his landlady had been going through his bins that renter Steve Williams started thinking he might have made a mistake moving into an apartment block owned by the couple in the penthouse.