Choosing the right property manager
Finding theight property manager to manager your investment is a big decision and it can be stressful and disappointing at times.
We have provided a quick guide on how to choose the right property manager to work with you on your journey to building your wealth through brick and mortar. Let’s face it, building a successful multi property portfolio is not easy so you need a reliable team of professionals to assist you.
Below are some tips to help you get started:
Get referrals from different sources if possible – word of mouth is a great source for finding a good property manager. Speak to multiple real estate agents and other property owners in your areas as they will provide you with names and options. Referrals can be biased and this is why it is important to try several different sources. If you hear the same thing about an agent a few times, whether good or bad, chances are it’s true. Also ask questions about what makes them good and/or bad.
Do your own research- do online research for companies- Have a look at work they’ve done- if possible speak to current tenants to ascertain how happy they are with their property manager, whether their complaints are addressed on time etc . Look at their website and see how professional the advertisements look, the cleanliness of the properties and if they advertise on a variety of places. Continue Reading
How Millennials can start investing?
The problem is, millenials are not investing. Bank rate has conducted a survey and only 26% of young people under the age of 30 are investing in stocks. That’s compared to 58% of baby boomers. The question is, why wouldn’t millenials want to invest with stocks tripling since 2009
How can we help encourage Millennials to start investing? Here are some tips that will hopefully inspire our next generation to put some money into the market
1. Start Investing – Now is the best time to invest
“Buy low and sell high”, that’s the best advice millenials can get.
2. The Miracle Money Can’t Buy – Time
Millennials have all the time on their side while they are young. As the genius Albert Einstein said “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t…pays it.”
“During the 20th century, the stock market returned an average of 10.4% a year. Just $1,000 invested in 1900 would be worth over $19.8 million by the end of 1999. At a 15% average return per year, it only takes 30 years to turn $15,000 to $1 million.” This doesn’t mean we will average 10% returns, but we may. Continue Reading
Guides to Investing in Property
Investing in a property has a lot of advantages, but, you should also remember that there are plenty of risks and pitfalls you need to be aware of. Some Australians are taking the plunge into investing without the proper knowledge or understanding of both in terms of their own goals and in terms of the property investing principles that will guide their asset’s growth.
Behind every successful property investor in Australia, there are landlords who are struggling to make ends meet, as they’ve invested a lot financially. Another possibility would be they have bought the wrong types of properties and they are not getting what they are expected to get in terms of the capital growth or profit.
Without an in-depth knowledge in financial and real estate, it’s impossible to learn the best strategies for increasing your wealth. Those who seek out expert advice first before they invest in property will be able to take the plunge safely, smartly, and with minimum risk.
It is highly recommended that you don’t attempt to step in to investing on your own. If you talk to experts when it comes to property investments, they could give you personalized and practical advice considering your own personal goals, budget and objectives. Continue Reading
Why Should You Invest In Brisbane?
For the most experienced investors among us, there tends to be some fairly serious consideration that goes into making the next move up the property ladder.
Property is likely to be the most expensive purchase you ever make, short of buying an island or a fleet of custom Rolls-Royces. Well, depending on the type of property you’re buying of course.
That’s why it often pays to look for a real bargain in the market. There might be the odd house that appears in a city such as Sydney that blows you away, but waiting for that opportunity could cost you a large amount of time. Cast your gaze away from Australia’s biggest city, and Brisbane is right there for the taking! There is a way to stay ahead of the curve and keep building your portfolio, as the 21st Century Property investment has the local market knowledge to know exactly where to look for the perfect property that adds to your existing real estate. Continue Reading
What to Look for When Buying an Investment Property?
Buying an investment property has a lot less emotion involved as compared to when you’re buying your own home. You’ll want an area where your property will produce sound yields and has potential for growth. A good quality property and a nice area to live in is also one of the factors you are considering. However, it’s not just your tastes and feelings because you will not be the one living there. So in future, these are the things you should keep in mind when purchasing an investment property:
Capital growth and rental income
This is the most important thing because the reason you invest in anything is to make money. You need to know where you are buying, what is around and what are the future development. These factors will generally increase your value if you put them in mind when you’re choosing. Continue Reading