INVESTMENT PROPERTY

 So you have bought yourself an investment property, fantastic!!

The rental market is extremely buoyant today, and the normal rentals are being snapped up without too much trouble, bearing in mind you still have to have them in tip top shape. If you furnish the property, it needs to be modern and minimalistic people don't want Nanna's couch.

Air bnb properties or short stays - Vivian's are now doing these and to be honest the apartments are going gang busters, homes do okay but there is just so much more to go wrong with them than the apartments.  In the future I think I will turn a few of my apartments into short term rentals as the returns are just amazing.

Do not be a scrooge when hiring a property manager, a good property manager or a good company is going to set you back a little bit but in the long run it's well worth it. I would want my property manager going to have a inspection my property every 6-12 months, the final bond inspections also. Good property managers with 5+ years' experience are now on a $100k per year (before you say anything - they are worth it). A good property manager is like hen's teeth in this current industry today, seriously they are so hard to find, people that promote a good culture, knows their legislation (they need to know it to keep me in line).  I really value a good property manager as I would rather stick pins in my eyes than do their job. They get it from all directions from the owners, the tenants and the bosses, but a good one knows how to handle all those situations and comes out still loving her job, I so applaud them, well done is what I say.

Investment properties are generally a long-term thing - sometimes you can buy them just before they start to do a run in their prices, but generally 7-10 years you should be thinking about keeping them, don't sell unless you have to. Keeping all your properties well maintained is a tax deduction so keep it all documented.  

Property is a real passion of mine and through it all I have met some amazing people, learnt a lot from other investors which I have passed on to others.

Keep buying up, do your numbers and keep those wheels turning.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!