There are features tenants might give their right arm for and still others that tenants may not even give a second thought to. Funnily, the fads keep changing and you cannot stick your throat out and make the call.
An elaborate survey conducted in Brisbane by Beesnees has come up with some food for thought for landlords. On what features and renovations should they put their money? An article by Rob Honeycombe marks out the key conclusions from the survey.
A recently conducted survey in Brisbane highlighted a trend surfacing all across Australia; tenants give top priority to high-speed internet connections. The initiative of the National Broadband Association (NBN) resonates with exactly the same consumer sentiment. After all, the NBN has come up with a plan which aims to roll out fibre optic cables to 93% of Australian premises by the year 2021.
An estimated amount of A$37.4 billion assigned for the task implies that the government means business. So how does it affect property investors?
What do you think the “buy and hold” real estate strategy could be? Well! To define, it is nothing but a method that asks you to ‘Buy’ a property below the fair market value and then ‘Hold’ it till the properties in the area appreciate- all this for making a decent profit on your investment.
There is a dialogue in Jack Finney’s “Time and Again” where the landlord asks a tenant for references and he replies “It’s true that I’m an escaped convict, an active counterfeiter, and occasional murderer. And I howl during the full of the moon. But I’m neat.”
Well! I don’t say for a moment that things could get as bad, but it’s always prudent to rent out your property after thoroughly checking with the prospective tenants. Conducting Due Diligence is part of your homework but equally important is to ask a few probing questions.
In his article appearing in the Property Update, Michael Yardney sheds light on Geoffrey James’s success formula. Yardney believes that the formula can be just as easily adapted for succeeding with property investments. It will benefit us to glance through the formula once.
Making your property work for itself is no mean task but prudent planning can help you achieve the goal. Michael Yardney from Property Update talks about the number of properties one needs in the kitty to retire safely. Additionally, he throws light on Loan to Value Ratio, the importance of the right kind of property portfolio, and the need for negatively geared properties, among other things.
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