Generation Y renters are the new ‘it people’ in the property investment game. Attracting Gen Y can lead to a wider prospective tenant pool, but only if you know how to cater to their needs. [Read more…]
Every landlord has conjured up an idea of the perfect tenant or rental property outcome. It might involve cash flow or how much and how often rent should increase. Are your expectations realistic or are they set too high? Is your cash flow positive, but still achievable? [Read more…]
Bad tenants are primarily viewed as those who recklessly trash homes. But what about the ones who pay rent late or fail to pay up at all? Or those who become friends? Tenants should be kept at arm’s lengths and have their rental property regularly inspected. [Read more…]
Renting out investment properties is essentially a business. And like all businesses, penalties are often applied for late payments. Some landlords swear by enforcing late fees on outstanding rent. Should you be charging them too? Is it fair? Is it legal?
So you’ve got a good thing going on with great tenants. They pay the rent on time, look after your property with the care it deserves and are pleasant dealing with you and surrounding neighbours.
Here are some tips that can take the mystery out of how to retain your good tenants for longer. [Read more…]