Is your investment working for you ?

The egg on face report

Is my investment working for me

Is my investment working for me?

The aim of successful Property Management should be to maintain and increase the value of the asset whilst obtaining the highest possible capital return.

In the long run, these objectives can only be achieved by careful control of a number of factors.

Consider the following questions:

  1. Do you have responsible Tenants who look after the Property?
  2. Are you getting the best possible rent in today’s conditions?
  3. Is the rent paid regularly and on time?
  4. Are periods of vacancy reduced to an absolute minimum?
  5. Is maintenance actioned competently and economically?
  6. Are you receiving Capital Growth from your investment?
  7. Do you know your rights and obligations relating to the tenancy Legislation?
  8. Are your leases and paperwork in order?
  9. Do you have all the necessary records for your Annual Taxation Return?
  10. Have you answered No to any of the above questions?

If you have answered ‘Yes’ to questions 1 to 9, then, you or your existing Managing Agent are to be congratulated on a job well done!  If you answered, ‘No’ or ‘I don’t know’, or you have some queries or concerns, then it may be time to ask one more question…

Is it time to change to a different Managing Agent?

If you wish to discuss your investment Property please contact our office to enquire about how you can benefit from our Management service.

To make changing your Managing Agent even easier, HARTS will take care of matters associated with the transfer for you.We make it easy for you.

How much is your home worth today?

HOW MUCH INCREASE?

I’ve had some buyers tell me …”Yeah I know, the market has gone up a hundred grand.” Others say it’s up at least 10%. One thing is for sure, the lagging indicators of sale prices that find their way to the surface two or three months after settlement are not reflecting the current hype in the market. The official national figure for 2021 year-on-year dwellings growth is 5.9%.

WHAT DO WE DO?

Over the long-term real estate always seems to go up in value. So why sell now? Maybe you shouldn’t. Maybe holding on to solid assets that are rising in value is a good plan.

One of the benefits of an improved market is that it takes up the slack from previous problems. There were a lot of people that bought properties at the very peak of the market just before the GFC hit. Many of them were still sitting on assets two years ago that were worth less than they paid eleven years earlier.

Maybe this boom will allow them the liquidity to sell and move on.

Another old maxim is, “Buy in the gloom, sell in the boom”

Where are you in the financial cycle of your life? Are you feeling young and still accumulating all you can get your hands on, or is it time to take the win and set up for some golden years?

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