The team from Chambers Fleming Professionals Padstow offers the following suggestions:
• Buy in a growth area where there is strong demand for rental properties and rental income is high compared with the property value.
• Look for properties that appeal to as many people as possible with factors including close proximity to transport, schools and shops; second bathrooms, outdoor spaces and lock-up garages.
• Low maintenance without major expected renovations and repairs.
• Ensure property is well maintained and presented with particular attention paid to hard surfaces, plumbing and electricity.
• Look for areas with low vacancy rates in the suburb of choice.
• Properties that attract a wide selection of the market including families, singles, professional couples and retirees.
What do tenants look for in a rental property?
• Proximity to shops, schools and transport.
• Clean and tidy presentation with all facilities in working order.
• New or refurbished kitchens and bathrooms; outdoor and indoor entertaining spaces; low maintenance; storage availability; and parking access.
Further benefits of leasing property with Professionals Padstow include:
• Great exposure via their For Lease signage and high-exposure office window display; listings across their websites; ongoing management of your property, ensuring tenancies are maintained on a professional level at all times.
• Professional tenant selection including tenancy, employment and national database checks; preparation of leases and lodgement of bonds.
• Inspection reports and ongoing inspections throughout term of lease with thorough reporting; collection of rent and water usage charges and payment of any associated bills; coordination of repairs as needed utilising reliable and efficient contractors.
• Electronic transfer of rental funds to your nominated bank account; annual ‘Year to Date’ financial statements; and professional property management of your property seven days a week.
For further info, give the experts a call on 9771 4555.
Tips to secure ideal investment property
A GREAT investment property is based on not only what the tenant looks for in a property but on how landlords can maximise their return on investment by purchasing and/or modifying their property to increase their financial benefit.
So, what makes a good investment property?