In case you are considering buying a rental property, we advise you to get in touch with us. We can provide you a free initial consultation during which we can establish the essentials, such as your finance, depreciation, as well as inspections necessary on your new property or negative gearing. If you are interested in purchasing a property via your Self Managed Superannuation Fund step, we are also here to guide you every step of the way. Given the fact that median rents keep growing, and the same goes for competition, you are going to have to run an extra mile in order to keep your renters in the while also boosting your changes of securing your property.
Hire The Right People To Inspect The Property
One of the most important, but at the same time most ignored steps of the property purchasing process is the inspection of the place by a professional pair of eyes. There are several documents needed to accompany a rental application; make sure you have everything in place and filed before you start your search for a new property so you can rapidly submit your application. Once you manage to do this, you will also increase your shots of better securing the space and making sure you are readily prepared to attend the inspections.
Get in touch with professional, authorized repairmen such as plumbers, electricians, and locksmiths in the area where you are planning on purchasing the property. Going local will aid you save a lot of time and energy waiting on far-distance professionals who will take hours or days to arrive at your location. Carefully choose the repairmen you will be eventually hiring to do the evaluation and assessment of the state of things for you. Not few are the cases of scam artists in these industries, with special emphasis on locksmith scammers known to overcharge up to ten times the market price for poor service. Start your research using word of mouth; a good, reliable locksmith or electrician will not need to advertise himself online and pay a lot of money on marketing on the web. They will use their happy and satisfied customers to promote themselves and their service and receive phone calls from friends, relatives, or co-workers of their former customers.
Also, by knowing how to keep a customer interested in their maintenance work or periodic checkups as well via discounts, text message reminders, or free keys and rekeying for every new customer you bring to them, they will have no need to do aggressive online advertising. Nevertheless, you can still find good and verified locksmiths to care to your lock rekey or new lock installation needs for your new property on the internet. There are specialized search websites like the ones here http://www.locksmiths-search.com/portfolio/lock-change-or-lock-rekey who will help you during your inspections. Once you are certain that you have hired the right people, let them do their job and provide you with an estimate of the final costs of reinforcing the security on the new rental property.
Pick A Safe Neighborhood
In order to lower the chances of having your property be visited by burglars, carefully study the crime statistics in the locality or neighborhood you are planning to buy in. A place near a university will provide you with lots of potential tenants, but at the same time with long periods of vacancies vacancies during summer. Students also tend to be less careful about locking doors or closing windows, hence posing a higher threats for burglaries.