Investing in real estate is a great investment which can provide profits through capital growth and of course the tax advantages associated with owning an investment property.
There are many ways in which the investor can maximise the income derived from their investment property. Most investors think that the only way to do this is by asking for or achieving the highest possible rent.
One of the best things to do is have an annual review on the property itself as well as a review of the rent.
Can you add something to the property that could enhance its rental appeal and value?
Things like an air-conditioner, other appliances, new floor-coverings, a carport, a fresh coat of paint and so on are well worth considering.
Ask tenants what they would like in the home – a small increase in rent can also be considered.
Your Property Manager is pleased to assist you in looking at the options to assist in maximising the income you derive from your investment property.
