How to overcome the biggest fear of beginning property investors

There are a number of reasons why a person may want to invest in property, but they never actually get around to it.


They have all the best intentions and they really, truly want to take action.

They do the research.

They listen to podcasts, attend the webinars and buy the courses.

They get educated, they learn what’s possible, they discover the strategies that could make them wealthy and generate an income that matches (or outweighs) their current income in retirement.

And then… they don’t do anything further.

It could be a lack of a deposit, a fear of making the wrong decision and ending up with a dud property, or even a partner who isn’t on the same page and discourages you from investing that stops you from becoming an investment property owner.

These are all common reasons why people don’t invest in real estate, even though we’re experiencing a property boom at present.

However, I’ve found that there is one primary reason why people don’t take the plunge…

It’s everyone’s "biggest fear” about becoming a landlord.

The biggest fear for many property investors is threefold, and it all relates to tenants:

finding a good one in the first place;

avoiding vacancies between tenancies, and

receiving ongoing cash flow from tenants who actually pay the rent.

It makes sense to be thinking about these aspects of becoming a landlord.

In fact, it’s prudent.

If you buy a property and the expected rental return is $500 per week, and you have an extended vacancy or a tenant who doesn’t pay the rent – well, $500 a week quickly adds up.

I can understand why investors get concerned.

What I don’t understand, however, is why they let their fear of a non-paying tenant (or a gap between tenants) stop them from investing in the first place.

You see…there are some very simple, tried and test strategies for minimising the risk of these things happening in the first place.

Having been a property investor for many, many years and being involved in property management for a number of decades now, I can attest to the fact that only a very small minority of tenants do not pay the rent.

In the overwhelming majority of cases, tenants do the right thing.

After all, the accommodation they are living in, provided by you as their landlord (or rental provider as we must now call you in Victoria), is their home.

A good tenant will treat the property as if it’s there’s, and they’ll grow connected to the home and wish to stay on as long as it suits their needs.

RealRenta has all the tools that a property manager has, but at over ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Monday, 5 July 2021

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