A
good Property Manager needs to have a passion for their job, they need
to have compassion, be organised and work within an efficient business
structure. They need to be experienced, knowledgeable about property,
its
construction and property law.
If the Property Manager also has an Investment Property of their own
they will better understand why it is vital to remit rents on time
because they will know what it's like to be repaying a mortgage and how
it hurts financially if they have a vacancy.
Janeen Kent our Property Manager at the Real Estate Gallery, knows what it's like. She owns real
estate she understands the Taxation implications and knows that she must
protect an investment property against deterioration (both physically
and with it's annual financial return). That's why Janeen has a policy
of always trying to maintain the right balance between quality tenants
and the proper rental income.
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Janeen's
Philosophy:
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Never purchase a Residential Investment purely on it's immediate
return. A good Investment is close to transport, has generous living
and a good main bedroom, also off-street-parking is important. The
properties that have good 'Capital Growth' prospects will also have
solid rental growth as well.
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Always be properly structured for taxation purposes. Many investors
realise 'too-late' that they are incorrectly structured.
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It is important
to be mindful of CPI increases and applying them to your rental
property to maintain its rental growth
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A good tenant is
imperative. A bad tenant can cause huge damage that will also retard
rental growth. A damaged property is harder to let and attracts second
rate tenants. |