Maximise Your Property Investment Returns
November 11, 2011 Leave a comment
For investors to maximise the financial benefits of their property they need to look at their investment as more than just collecting rent or striking a deal on management fees.
The crucial component for a successful rental property yield is to appoint a trusted and reliable property manager such as a First National member agent who can provide expert advice on the opportunities available for them to take advantage of to improve the yield of their property investment portfolios.
First National agents have an in-depth knowledge of their local markets and can assist with the two most important criteria when choosing an investment property – location and quality.
Properties located close to transport, schools, place of work, shops and recreational facilities will be in greater demand and usually command a higher rental.
It is also wise to maintain the real estate asset in good repair and ensure it is well presented. That way,
rent is maximised, vacancy periods reduced and a high standard of tenant attracted, who will ensure their rent is paid on time.
Sometimes, simple improvements like a fresh coat of paint in bathrooms and kitchens, or installing new window coverings, can make the world of difference.
As an experienced property manager, supported by rigorous processes and systems, First National Burnie provides the highest standard of advice to investors, backed by leading edge technologies that match tenants to vacant properties and comprehensive marketing programs.
A professionally prepared tax depreciation schedule can also play an important role in the efficient management of the property investment.