An empty property is every landlord’s worst nightmare. So what can you do to help avoid rental vacancy? Meet the market on price “A property simply won’t appeal to tenants if it’s priced too high,” says Tegan Murphy, residential property manager at Melbourne’s Wilson Agents. “Even reducing the rent by […]
Investing
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1. Under-renting the property and failing to keep pace with the increasing market When interest rates, strata levies and land tax rise, the landlord is left to carry the extra burden. It is only fair and sensible to ensure that the income the property generates is at the market rate and not significantly below. 2. Attempting to lease […]