Archive for successful investing

Owning a successful investment property

The “corner stone” of a successful investment property is having the best people managing your valuable investment.

Property management is a highly important service that is often undervalued. Having the best property management team looking after your investment property can mean the difference between a smooth or rocky investment, and profitable or unprofitable one!

At Harcourts, our property management team works extremely hard to deliver the very best service to our investment clients. We are consistently awarded in the top three in NSW within the Harcourts Real Estate group, testament of our superior property management service.

Here’s a little insight into the first-class service we provide:

  • When first advertising your vacant property, we work swiftly to advertise the property to as many potential tenants as possible. This results in maximum applications in the shortest possible time. Our methods ensure you get a tenant into your property and paying you rent sooner.
  • If we are managing your property, we know when your tenants are vacating. We then advertise in advance of them moving out to lessen the vacancy time between tenants – again maximising your rental income.
  • Once tenant applications are received, our property management team uses highly developed systems and their years of practical experience to diligently scrutinise applying tenants. We then assist our landlords make the final selection. This is a highly important part of the process, as the “big picture” of finding a quality tenant is: less maintenance expenses, little or no rental arrears, and over time maximum capital growth on your property.
  • Our first-class service and systems ensure rent is paid on time, expenses and bills are tracked and paid, and there are regular inspections conducted on your property to ensure it is kept in the same condition as when the tenants moved in.

Our property management team is leading the way in delivering a premium property management service. Eight dedicated Property Managers and several support staff work hard to ensure that all details are attended to.

Investing in a quality Property Management agency makes a lot of sense. A well-managed investment property will provide maximum income, no hassles, and the best long-term outcome.

For more information, speak to one our award-winning property management professionals on 4628 7444.

Smart Tips for Buying Success

Whether you’re looking for your first home or thinking about an investment property or holiday home, the following steps will help you achieve a successful result.

ARRANGE YOUR FINANCE
Take a good look at how much you have or can save as a deposit, or how much equity there is in your existing property/ies. This will give you a good place to start when it comes to deciding what you can afford. A reputable mortgage broker can help you with this, as well as help you find the best home loan and interest rate for your circumstances.

Mortgage brokers aren’t aligned with any particular financial institution, so they’re a great option to find the best deal.

SELECT A REPUTABLE SALES CONSULTANT
Looking for a property on your own is fine as a starting point, but when it comes time to dig deeper and really get to know the local area, it pays to talk to a knowledgeable local expert, and that’s where a great Sales Consultant comes in.

If you are on the Sales Consultant’s database, they can also let you know of new properties from their office that are coming onto the market that closely fit your requirements.

But that’s not all! A great Sales Consultant can help you with lots of other things during and after the buying process. Ask them any questions you may have, as their advice will often short cut your efforts, making for a smooth and easy transition into your new property.

DECIDE ON WHAT YOU WANT
Create yourself a property requirement list that you can refer to. It should include the “must haves” (such as number of bedrooms, bathrooms and garaging), and the “like to haves” (such as a theatre room or bar area). This will be a valuable guide to keep you focused, as well as share with your chosen Sales Consultant. Also keep in mind that some properties can be altered and renovated to your requirements – but the cost of this must be considered.

MAKE THE MOST OF INSPECTIONS
Don’t hurry through open house inspections. Take your list and note down strengths and weaknesses of the properties you like, and any questions or issues you may have. This is important, as after viewing a range of properties it is easy to confuse and mix-up the different properties and their features. Notes will ensure there is no confusion and you are on top of the detail at all times!

MANAGE YOUR OFFER
Don’t get caught up in the emotion of the purchase. Think logically, and carefully consider issues like fixtures, possession day and price. And make sure you get building and pest inspections so you know exactly what you are purchasing.

CONTACT YOUR SOLICITOR
Your solicitor will make sure all the paperwork is in order, and any unforeseen complications are highlighted through checking official records and information before the sale is final.

SETTLEMENT AND MOVING
Try not to move in on the same day the previous owners are moving out. You may not get access until late afternoon, which can hold up a professional moving company, and cause more stress than you need.

ENJOY YOUR PROPERTY!
It’s been an exciting journey looking for the right place, and a well-organised moving day will help everything go smoothly to start you off on the right foot.

For more information on purchasing a property, speak to one of our highly experienced Sales Consultants on 4628 7444.

Owning a successful investment property

The “corner stone” of a successful investment property is having the best people managing your valuable investment.

Property management is a highly important service that is often undervalued. Having the best property management team looking after your investment property can mean the difference between a smooth or rocky investment, and profitable or unprofitable one!

At Harcourts, our property management team works extremely hard to deliver the very best service to our investment clients. We are consistently awarded in the top three in NSW within the Harcourts Real Estate group, testament of our superior property management service.

Here’s a little insight into the first class service we provide:

  • When first advertising your vacant property, we work swiftly to advertise the property to as many potential tenants as possible. This results in maximum applications in the shortest possible time. This way we get a tenant into your property and paying you rent sooner.
  • If we are managing your property, we know when your tenants are vacating. We then advertise in advance of them moving out to lessen the vacancy time between tenants – again maximising your rental income.
  • Once tenant applications are received, our property management team uses highly developed systems and their years of practical experience to diligently scrutinise applying tenants. We then assist our landlords make the final selection. This is a highly important part of the process, as the “big picture” of finding a quality tenant is: less maintenance expenses, little or no rental arrears, and maximum capital growth on your property.
  • Our first class service and systems ensure rent is paid on time, expenses and bills are tracked and paid, and there are regular inspections conducted on your property to ensure it is kept in the same condition as when the tenants moved in.

Our property management team is leading the way in delivering a premium property management service. Eight dedicated Property Managers and several support staff work hard to ensure that all details are attended to.

Investing in a quality Property Management agency makes a lot of sense. A well-managed investment property will provide maximum income, no hassles, and the best long-term outcome.

For more information, speak to one our award-winning property management professionals on 4628 7444.