Landlord Tips for investment owners in Greater Dandenong.
Being a Landlord and having an investment house in Dandenong you want to ensure you get the best Property Management team to guarantee you the highest possible return on your rental property. Here are some Landlord Tips for Dandenong Landlords to maximise your profit.
1. Choose your tenant carefully
2. Choose a local Rental Centre who knows Greater Dandenong Specifically
3. Be prepared with your Rental Mortgage and finances
One of our most important Property Management Tips Dandenong landlords should adhere to. Be prepared to put to the side “emergency money” for your investment. Do not reply on the rental payment coming in one day. Also do not reply on the mortgage being taken out the next, this can lead to disaster. Before you go ahead and rent the property out, you should discuss a property maintenance plan with your property manager. Your qualified property manager should give you tips and advice. This advice should ensure the house is well kept throughout the duration of the tenancy. This will help you to be able to manage your finances wisely and hopefully avoid any overdrawn bank fees or bad credit on your investment properties mortgage. By putting aside some ‘rainy day reserve money’, you are being proactive rather than re-active. Our Property Managers at Dandenong recommend you put aside a minimum of two weeks rent to help cover this.
Keep an eye on our rental and property management news section for further advice on how to best manage your investment property and maximise you rental income.