Education Resources for Landlords:
There are many unexpected expenses you need to be aware of when you decide to become a property investor.
Investing in property has many financial benefits. The purchase price of the investment property is where it starts. There are quite a few extra both upfront and ongoing costs involved.
If you have a new investment property, or a rental property that is vacant, it is a great time to make it attractive to quality tenants by taking care of some important maintenance details. You don’t have to have a big budget, but by taking care of some details you will attract better tenants and possibly a little more rent.
Simply put – “Body Corporate” is the organisation that is in charge of running an apartment/unit building or townhouse complex, and handling all of the common area maintenance issues. It also sets budgets, manages issues and sets by-laws. It technically is a legal entity that is created when land is subdivided and registered.
If you have a new investment property, or a rental property that is vacant, it is a great time to make it attractive to quality tenants by taking care of some important maintenance details. You don’t have to have a big budget, but by taking care of some details you will attract better tenants and possibly a little more rent.
You have put a lot of work into securing a good quality investment property. So it goes without saying you want to know that you are finding the best possible tenant. After all you are trusting them with your valuable asset. You want to be sure that they will look after your property and to be on time with the rent.