Looking to invest in Canberra? Like all astute investors you know the next important step in choosing the right agent.
Here are my 11 tips for a stress free property investment.
I think interest only loans leave your exposed should the market stagnate or go backwards always look at 25 year principal and interest investment loans.
Deciding which property manager looks after your property is as important as choosing the right property. Saving a few dollars a week by picking a cheap agent is often a very bad decision. Always ask 3 for proposals and ask for referees.
Staying on top of maintenance pays big dividends, it enhances your capital value, the property attracts better quality tenants and often maximises the rent.
There is nothing to be gained by delaying property maintenance once it’s been identified
Stay away from the property and don’t get involved with the tenant. Your property manager is paid to be the shock absorber. Tenants will always try it on if they know the owner.
Owning an investment property is a business decision. Renting to family and friends often results in heart ache for the property investor. Believe me we know from experience.
Once the equity has built up look at buying your next investment property.
For further information regarding residential property management in the ACT contact Peter Maloney on 6232 0100 or firstname.lastname@example.org