As in investor, purchasing the right property is only part of the process.
You also need to make sure that you find the right tenants and that the property is not left empty for long periods of time.
In addition, ensuring timely rental payments can be challenging and bad payers, can have a detrimental effect on your investment goals.
This is why many investors prefer tenants who are working professionals with sizeable salary packages
This typically ensures that rental payments are made on time but also that, professionals are more likely to have higher standards when it comes to keeping the property in good condition.
For investors who want single professionals or executive couples for their properties, here are some tips to attract this demographic to your property:
- Choose a property in the inner suburbs
- Tidy the property- ensure gardens are well maintained, paint is not chipped, holes in walls are fixed etc
- Make sure photos of your property are taken in good light by a professional
- Make the advert clear, concise and accurate
- Choose minimalistic interior designs
- Turn one bedroom into a tastefully furnished office
- Offer ready internet access
- Offer car parking
RealRenta Landlords can save up to $1,200 or more per year in fees, doing away with Agent inefficiencies for good, whilst maintaining a professional veneer as a landlord.
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