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"Magic Mania" and "Movie Mania" charity fundraiser events have a twofold purpose: 1.To provide a unique day for special needs children from around Sydney a... Read On...

Investing Tips

Investing | Investing Tips

Cash Flow
Some investors do not have any cash in reserve to cover unforseen expenses such as maintenance and vacancy periods. Ask TracyRoberts about the importance of treating your investments property as an asset that appreciates in value for you.

Properly Screening Tenants
Rushing into accepting a tenant without properly screening them could result in a loss of income to the investor in the long run. Some investors may be tempted to place a tenant into their property so they don't have a longer vacancy period. Ask TracyRoberts how we fully screen tenants not just by checking employment details but all industry databases for bad tenants as well as rental history and character references. Taking the time to find a good tenant will save you time and money in the long run.

Treat Investing like a business
Don't treat your investment property as a hobby, it is a business. Investors need sound accounting practices. Leases must be set up using defined guidelines and all the steps in the process must follow a particular sequence. Ask TracyRoberts how to develop the best business practices to ensure the maximum profitability of your investment property.

Enforce Lease Terms
Try not to have an emotional attachment to a tenant. Don't let them get away with not following the terms of the lease such as paying the rent late. Begin eviction proceedings as soon as legally possible. Remember it is you, the Landlord, who will receive the bad credit rating should your loan repayments not be made, not the tenant. Ask TracyRoberts how a little leniency can create bad habits in a tenant and with swift action you are able to minimise any potential losses.

Don't neglect your Property
Make sure all repairs are conducted quickly and properly. This will encourage a tenant to stay at the property long term and also to look after your investment. Regular inspections ensure that all health and safety regulations are being met and that the tenants are maintaining your investment to the standard they received it. Ask TracyRoberts how to keep a property safe, promoting long term tenancies and ensuring your property value moves with the market.