Six Tips for Choosing a Property Manager

Around 30 per cent of Australia’s residential dwellings are rental properties. As you accumulate properties in your portfolio, you might find it practical to have someone else manage your properties on your behalf. Unlike, for example, conveyancing fees, property management fees are usually calculated as a percentage of rental income on the property, a pay structure designed to keep property managers motivated. Property owners still need to choose their managers carefully to protect their investments.

Dedicated Property Management Department

Does your property management company have a dedicated property management team? Many property management companies are departments of real estate companies, and these companies may not attach the same importance to the property management arm of the business. Make sure their property management department is robust and fully functional before you sign on with them.
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How to Find Positive Cash Flow Property

A property that will bring regular income into your pocket and potentially build equity? With a positive cash flow property, the rental yield covers the mortgage repayments. Positive cash flow properties are uncommon, but they are not altogether impossible to find. Well before you starting thinking about purchasing issues such as stamp duty or conveyancing, do plenty of research. Always double check the numbers for each property you look at to get a better idea of what enhances rental income. And as these tips show, if you can’t find a positive cash flow property, consider making one yourself.

1. Start with a Wide Search
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How to Buy Property Using Home Equity

If you’re a keen property investor, there’s no need to wait a long time between buying property if you have some equity built up in your portfolio. Even home owners can think about getting into property investment if they have paid off a good part of their mortgage. Lots of people choose to leverage their equity to take advantage of property investment opportunities.

How it Works

Typically, a home equity secured loan is a line of credit loan, though lots of lenders provide variations on this type of loan and refer to it as an “equity facility” on your home. You can use these funds in absolutely any way you want – whether it’s to cover the costs of anothe property purchase (e.g., deposit, stamp duty, conveyancing fees), renovate your investment properties, or to invest in shares.
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Four Home Loan Options for Buying Property

There are hundreds of different home loan products available in Australia. Getting a quick overview of different home loan types is helpful before you start looking for a property, getting a conditional loan approval, or thinking about purchasing issues such as conveyancing.

Variable Home Loans – Standard and Basic

Standard variable loans have more features than basic variable loans. Basic variable loans are great if you want to pay a fixed amount over the duration your mortgage, but not suitable if you intend on paying off your home loan as quickly as possible.
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Six High Impact Low Cost Property Improvements

Whether you’re seeking to improve property rental yields as an investment property owner or to boost the sale value of your property as a seller, there are easy and proven methods that will enhance the financial status of your property. Most of the following improvements are DIY and easy to undertake. Like professional conveyancing services, these property improvements provide lots of value for you without excessive cost outlay.
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Commercial Property vs Residential Property

Both commercial and residential properties have their advantages and disadvantages. Commercial property tends to necessitate involvement on a larger scale, while entry to residential property investment does not require the same level of investment. Commercial property leases also tend to run for longer than residential property rental agreements. It’s ideal to consult a conveyancing professional if you have any general questions as common practice can differ state to state depending on the applicable legal rules and requirements. The following comparison is generally applicable to most types of commercial and residential properties.
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How to Minimise Land Tax

Land tax is paid annually and administered by the state or territory government. Once a threshold has been passed, property in all states and territories attract land tax (except for property located in the Northern Territory). The laws that apply to land tax vary state to state. How much tax is levied is directly dependent on the unimproved value of all the properties you own, though your principal place of residence and some other exceptions do not attract land tax. Please note that if you have any doubts about paying tax on your properties, you should seek further information from your local state/territory revenue office or professional tax advice, just as purchasers consult conveyancing professionals when purchasing property. For property investors, land tax can be significant. Here are some easy tip to consider for reducing your land tax liability.
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Tips for Renovating Your Investment Property

Whether you’ve just purchased an investment property to be renovated or thinking of refurbishing one of your existing properties, keep in mind that that it’s best to approach all aspects of property investment as a business project. These tips will guide you through the process.
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How to Manage Property Long Distance

With the ubiquity of the internet and mass communications, it’s now possible to effectively manage your properties at a distance. Whether you’re investing in an interstate property, rural property, or a holiday base that’s leased when not in use by you or your family, there are some key issues to consider about if you’re self-managing the property. While the details may vary from property to property and you should consult a conveyancing professional if you have any questions about the purchase process, the following insights address what’s involved in managing property long distance.
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Five Tips for Buying Interstate Property

Buying interstate property can broaden the pool of properties from which to choose your purchase. Many Australians have successfully expanded their portfolios and planned for a comfortable retirement by incorporating interstate property. Keeping in mind that consulting a conveyancing professional is a good idea if you have any questions, these are the top five tips to keep in mind for investing in property interstate.
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