Ways to minimise your risks - Taking note of supply and demand.

Supply and demand are important – and I don’t just mean supply and demand of rental properties.

Aim to buy in suburbs that are dominated by owner-occupiers, as it’s homeowners (not investors) who become emotionally and attached to homes – and that plays a bigger role in driving prices up.

Again, you will find more affluent tenants wanting to live in these areas for the lifestyle – not necessarily because they can’t afford to buy a property.

Also, avoid locations where there are many new apartment complexes going up.

They’re often largely owned by investors, which means they flood the market with rental stock, which can impact the return on your (older) property.

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
Wednesday, 7 July 2021

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