In recent years there has been much doom and gloom surrounding millennials’ prospects of getting a foothold in the property market. Circumstances as diverse as rising property prices, and Generation Y’s love for the humble smashed avo breakfast have contributed to despair about millennial investment prospects. However, the good news is entering the market isn’t.
As the housing market continues to peak, millennials are opting to buy property to rent out in a bid to have tenants cover their mortgages. And through this innovative approach to enter the market, we have seen the birth of the landlord generation. In March 2007 the average house price in Melbourne was $400,000..
Buying an investment property can be a great way to build financial prosperity, however it is very important to factor all the additional costs into the investment proposal. From the initial marketing and Letting, to the ongoing Property Management and Maintenance, we have identified 5 key areas that investors fail to adequately budget for when.
I’m sure many of us at some point have thought about the idea of purchasing or renting a property. It’s a long and tedious process that involves serious evaluation and comparison. Many struggle with the time it takes to undertake the process and others become fed up with a continuous let-down when a property doesn’t.
Little or no communication from the Property Manager Often the biggest frustration for landlords is that phone calls and emails are not returned in a timely manner if at all. Clients that have to contact their Property Manager for updates and important information are far more likely to lose their patience. Property Manager staff turnover.
3 ways in which technology can improve the Property Management industry and overall client satisfaction: Communication: These days, working professionals are incredibly time poor and the ability to communicate effectively with their property managers is becoming more difficult. This is where new age communication platforms become invaluable for Property Managers and their businesses. Being able.
There are several steps in listing and leasing your investment property; advertising, open for inspections and private inspections, ensuring that you obtain the best rental yield etc, but one of the most important is the tenant selection. Too often, tenant applications are not processed thoroughly and this can lead to a number of dramas down.
Whether you’ve recently purchased your first investment property, or have already been in rental investment market, it can prove to be challenging in selecting your Property Manager. Often after purchasing a property, buyers feel compelled to engage the same agency to manage the property. This isn’t necessarily a bad business transaction, as the company have.
Welcome to the My Rental blog. We are dedicated property professionals looking to provide great advice to current and future clients on all things property related. The future blog posts from My Rental will cover a range of different topics including macroeconomic trends in the market place as well as looking a key growth areas.
Having been in the business of property management for many years, the team at My Rental know just who needs the kind of service that we offer. As the Melbourne property managers that owners trust, allow us to educate you on whether you could also benefit from many property-related services on offer at My Rental..
Melbourne Property Manager The most important thing to remember when selecting a Melbourne Property Manager or agent to manage your investment property is to confirm that some one will be available regardless of the circumstances. We conducted a survey of 100 clients and the biggest frustration they had experienced whilst having their property under management.
5 Things You Need To Know Before Choosing A Property Manager Getting the right property management for your investment property is very important to homeowners, because poor rental property management can have a considerable negative impact on potential return on investment. There are currently a wealth of Melbourne property management companies, which can make it.
5 Reasons My Rental Is The Melbourne Property Management You’re Looking For Of all the rental property managers Melbourne has on offer, My Rental is certainly one of the best. For those looking for residential property management our Melbourne property management is guaranteed to impress. Don’t believe it? Here are 5 reasons that My Rental.
Professional Melbourne property managers significantly add value to your property investment Melbourne. Seasoned real property investors may very well tell you that a good Melbourne property management company is worth their weight in gold. Here are several reasons why the best property manager Melbourne earns their keep. 1.With My Rental, your property managers Melbourne.
Property Management Congratulations, you own a property suitable for renting. Property Management? Though, honestly, sometimes the thought of finding a quality property manager Melbourne can be scary and overwhelming. You have heard the nightmare stories of people who squat on the property, holding out on paying, and creating costly repairs for the owners. Other owners.