Retain Your Quality Tenants With A Well-Maintained Property

To attract quality tenants, owners must be prepared to keep their properties in good condition. Gone are the days when tenants were desperate for a roof over their heads and would accept sub-standard accommodation. Tenants now are often looking for long-term rentals and expect that, in exchange for their rent and care of the various properties, the owners will keep them well-maintained.

How Investors Keep their Holdings in Good Condition

For owners with a number of rental properties this can pose a problem, as these days, very few of them would be expecting to do any of the cleaning or maintenance personally. They usually have no emotional attachment to their holdings, as they are a means of building wealth over time and are treated strictly as an investment.

This is an area where we have considerable expertise. With many years of experience in real estate and financial planningFountain Property Group has experts in accounting, legal and finance to help you select the right property to suit your investment portfolio.

A Good Property Manager is a Priceless Asset

All our pre-selected properties are in great locations and in excellent condition. Keeping them that way not only attracts quality tenants but also builds equity ready for the time the owners decide to convert their investment to cash. This is where having a hard-working, professional property manager begins to bear fruit.

Property managers deal with all the issues that occur during a tenancy on behalf of the owner. They screen new tenants, prepare tenancy agreements, conduct regular property inspections and generally perform all the administration tasks on behalf of the owners.

Cleaning and Maintenance Maximises the Value of the Property

As far as maintenance is concerned, it is the property manager who alerts the owner to any issues needing attention. Perhaps the interior needs cleaning or even painting. Window or floor coverings may have reached the stage through normal wear and tear, where they should be replaced. These maintenance tasks will need to be done to maximise the value of the property.

Everyone Should Feel Safe in Their Homes

In these times of opportunist crimes, good tenants expect their safety to be of concern to the owners. Most private dwellings these days have security measures in place, and tenants expect nothing less for their homes. An investment in security screens, doors, locks and external lighting will be appreciated by those tenants that investors want to retain.

All of these issues can be handled by a property manager under authority from the owners to manage a pre-agreed budget. Holding investment properties through our company is a truly hassle-free way to create the wealth needed in retirement to live a comfortable lifestyle.

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Queensland’s Time To Shine Is Now

New dwelling approvals in the Sunshine State have outperformed all other states in the country as it posted a 24.5% annual increase  – the highest it has been for the past 6 years.

Brisbane inner suburbs posted a 101.8%approval growth, with middle and outer suburbs up by 90.7%, clear signs that investors are shifting towards investing in Queensland, due to strong property d

The Urban Development Institute of Australia’s Queensland branch president Andrew Stevens is optimistic that the rise in the emand and existing undersupply issues – estimated at 45,000 dwellings.number of dwellings aligned with the growing population will provide more jobs and benefits to Queensland in the coming years.

Read more about this on the Perth Now website.

The 10 Commandments Of Property Investors

Have a plan. As a property investor, you should have a plan as to what your goals are and what measures you need to do to accomplish them. When a plan is made, it should always be put into action.

Think long term. The plan should satisfy your future goals and not those that were made out of impulse. Despite of the number of rise and fall in the property market, in the long term it has increased in value by an average of 8%, making it a great long term investment choice.

Your property is your business. Surround yourself with the right people from planning to managing your investment.

The market is diverse. Avoid generalizing the property market, as each location can have different trends and may be at different stages of the property cycle.

You will get wrong advice. Throughout the years of managing property you will encounter a lot of upswings and downswings in the market. Be wary of the types of advice you get, and it is often better to do your own research before making a decision. You will at one point get wrong advice so don’t be dependent on the majority.

Learn to say no. As an investor, you should also learn when not to invest. You may have the right property at the wrong stage of the property cycle. Always bear in mind that there will be tough times in property, but time and again it has recovered and increased in value.

Do not fear to act. When you have done due diligence in researching the property, the area and the market conditions, act appropriately and in a timely fashion.

Avoid the Get rich quick mentality. Property investments are for the long term, and property is not a get rich quick scheme.

Debt is not all bad. Debt can be used as leverage to build up wealth by acquiring assets such as property.

Population and wealth drives property. There may be several factors that drive the property market, but none as important as population and wealth. For as long as these two increase, property will always be a necessity.

Read more about this on the Property Update website.

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Auction Results Still on the Rise

Just when you thought auction results could not go any higher, last week’s Melbourne auction clearance rates for last week finished at 75% from over 700 properties sold under the hammer.

Buyers are looking forward to another strong weekend for auctions with Melbourne leading the country with 871 properties set to be sold, higher than the 606 properties that were sold around the same time last year. Sydney has also been showing a steady increase in auction clearance results, with a 73% increase from last year.

Read more on the Real Estate Business website.

Look Ahead And Appreciate Before Buying Property

SMSF investors are encouraged to take a moment and reflect on this question: why will the property value appreciate? If this can’t be answered, investors are advised to move on with their search.

Investors are now encouraged to pinpoint the reasons for property valuation, as this gives them an idea how the investment value will appreciate in the future. This will also guide investors to the appropriate property type, as the problem normally arises when investors purchase the wrong property type, and its value is not realized.

Gavin Hegney, a property researcher points out that it is crucial to create wealth on the start and mid part of the property cycle and realize property valuation as most of investors use SMSFs, relying on it for their retirement incomes.

Read more about this on the Property Observer website.

Get in the Know: SMSF Investment Using LRBAs

Using SMSF to borrow money in purchasing assets was limited before September 2007. These restrictions were a hindrance to investors. Seeing the potential in the SMSF industry, these rules were revised in 2010. SMSFs can borrow money for property investments using LRBAs. (Limited Recourse Borrowing Arrangements) These can be used to borrow money for property investments, under certain restrictions.

There are certain key points to consider for this arrangement: SMSFs can only be used to purchase a single asset, or groups of assets with the identical market value. The LRBA cannot be used for property improvements, and that the LRBA benefits are reaped by the SMSF trustees, but the ownership is held on trust.

Knowing this together with all the rules and regulations governing property investments ensure that SMSF usage is maximized to its fullest potential.

Read more about this on the SMSF Adviser website.

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