A good property manager

The most important part of ensuring your property achieves the highest possible return is having a good property manager. They will ensure you obtain the right tenant, at the best possible rent. Quarterly inspection undertaken and the result reported back to you as the landlord. Listening to your tenants when they make contact and addressing any concerns they have as quickly as possible. Communicating with you in advance of the end of a lease to let you know what terms for a new lease should be.

Tips For Selecting The Right Tenant For Your Property

To make the greatest return on your investment property you need to have it occupied as much as possible. Here are some tips to help select the right tenant for your property to provide a longer tenancy with better returns and less drama for you, the owner.

Tenant profile

Create a profile of the tenant you want for your property, taking into account the neighbourhood and nearby amenities. For instance, young professionals may be a better fit for an inner-city apartment near restaurants, rather than a family with pets who need schools and parks nearby.

Property valuation

Next, get an accurate valuation of your property. Ask local realtors for an appraisal and check the Internet and papers for comparable properties in the area. When showing the property, either yourself or the property manager should be present to answer questions. Make sure your property complies with all regulations so prospective tenants are able to move in.

Tenancy agreements

Another important step, once you have selected a tenant, is to make sure you and the tenant have a written and signed lease or tenancy agreement. Never rely on a handshake deal. Before handing over the keys complete a written condition report of the property and have the tenant sign off on it. This will ensure that there is no dispute about damage or changes later on.

To find out more about investing in properties, visit Silverhall for their comprehensive range of ebooks and seminars.

Choosing a property manager for your investment property is a significant decision that you will make and can have a large impact on the return you receive from your investment property. Following a few useful tips can make the decision clear and lead to a productive and lengthy professional relationship.

Contact and arrange to interview a number of property managers based in the area where your investment property is located. Ideally, the property manager you select will have experience with managing similar properties and a good understanding of the area and the local market. It is important to think of it as a job interview and that you are looking to find someone that shares your philosophy and expectations of the property.

It is important to discuss and agree on your expectations of the property manager’s role and the strategy you have for your investment property. Having a similar view on rent price is obvious, but also whether you’re willing to allow the property manager to advertise and select tenants, handle the repairs and maintenance to the property (such as hiring cleaners, plumbers, etc.) and do any inspections of the property. Alternately, you may wish to be consulted on all of these matters before the property manager proceeds. Having a clear understanding for both owner and manager will ensure a successful working relationship.

Silverhall is a research based property advisory business offering guidance and strategies for property investors via their comprehensive seminars, e-books and one-on-one consultations. To utilise specialist research and advice on where best to invest in properties in Sydney, contact them 1300 662 143 or visit their website.

It is never too late or too early in life to start thinking about how best to invest your super. Attending investment property seminars is a great way of acquiring the information you need to know about investing your super in property and whether it is the right option for your circumstances.

The changes to superannuation laws in 2007 and the introduction of self-managed super funds (SMSFs) meant it was now possible to borrow and charge assets with super funds. Not only could you gain control of your own super and stop paying fees to fund managers, with SMSF investment properties came potential rental incomes, capital growth and taxation benefits.

Once established, your SMSF can borrow money from a lender to purchase investment property, residential or commercial. This property will be held in trust for the superfund by a property trustee until the loan has been repaid, after which ownership can be transferred to the SMSF. This protects other assets if the SMSF should the loan default.

There are other conditions for SMSF properties such as who can live in the property.. Costs, such as council rates or repairs, as well as loan repayments are paid by the SMSF. Also, any rents received go to the SMSF and the decision to make improvements or pay out the mortgage early can be made by the SMSF. It is important to get advice to ensure the trust and loan is structured correctly to comply with the legislation and tax implications.

If you’d like to learn more about investing in property with your super, Silverhall runs informative investment property seminars in Sydney. Find out more by visiting their website or contact 1300 662 143

An interesting article from RP Data recently confirmed what we have known for a while in that demand for property is outweighing supply in Australia.

"The Australian Bureau of Statistics released building activity data this week, showing the total number of dwelling commencements fell by 11.4% over the year to June 2012. Based on the June data, the number of housing starts was13.4% lower than the ten year average. The weak results highlight just how weak the housing construction sector has been since building activity started to fall in early 2010."

Read the full release from RP Data here

For more information or advice on property investing in the current market, call Silverhall on 1300 662 143.

One of the key factors to successful property investment strategiesis being able to look beyond the local conditions and recognise the larger forces – both social and economic – that are impacting on the property market, such as population and growth.

With the so much information to absorb or decide what is right, it may seem difficult to know where to invest next. However, with expert advice from experienced professionals who understand local conditions as well as larger trends, you can position yourself to increase your wealth with sound property investments.

The most basic principle of business, of any kind, is supply and demand. This is true of property and is a useful tool to apply when considering your next investment property. Australia’s population is growing steadily, in fact at rate faster than homes can be built in certain areas – through both births and immigration. This can provide opportunities for investors as it creates demand for new houses to be built to meet the needs of these new arrivals. The majority of the population growth has been in the outer suburbs of the capital cities and this can mean potential rental incomes and capital growth for investors holding property in these regions. In short, this population growth can be great news for investment property owners.

Property Investment Strategies Sydney

Want to learn more about building a smart investment portfolio? Silverhall runs informative investment property seminars in Sydney. Find out more online or contact their team of professionals on 1300 662 143.