We have been mortgage brokers in Rockingham for a long time and have developed working relationships with a number of property investors. Some just want one or two rental properties for their “nest egg” and some are amassing portfolios that will allow them to retire early.
No matter what size investor you are, one of the best ways to maximise your investment is to increase revenue. One of the best ways to do this is by finding the right tenants and providing them a quality property. This will allow you to charge higher rent without alienating your market.
Your Professional Team
Even if it’s only one investment property, you will get better results by treating it as a business. The first thing you will want to do is assemble a professional team. You will spend money for many of these services, but you will make the money back and more while eliminating the personal hassle of doing it yourself.
Your team should include a mortgage broker and a financial adviser. We provide both of these services at Smartline Rockingham. You will also want a great property management firm to keep your properties maintained and filled with tenants. One solicitor and one tax professional are mandatory.
Attracting Great Tenants
Once your team is in place, your property management firm will find you excellent tenants. But if you want an “edge” over the rest of the market, one of the best things you can do is “stage” your home when it is being viewed by prospective renters.
Staging companies furnish a home with furniture that will make it look its very best. This will allow you to ask for a higher rent than if the property looked “average.” Charging more for rent will also attract more stable tenants who are more respectful of your home.
Call Smartline Rockingham
It all starts with a pre-approved home loan. Call Smartline Rockingham today for more information: (08) 9527 1800.