You buy a home to live in but it just doesn't "feel right" within a short time.
Or you buy an investment property and realise it’s a dud.
Did you know that statistics show that
20% of investors sell up their property in the first year and 50% in the first
5 years?
So, if you decide to sell within the first
year or two and regardless of what price you sell the property for, you
need to remember the enormous costs associated with buying and selling real estate.
There's the stamp duty when you bought
it (plus the stamp duty for the new place), legal fees when buying and selling,
selling agent commissions and marketing costs, and, of course, the
cost of moving twice in quick succession.
This means your learning fee is likely
to be tens of thousands of dollars and potentially into six figures when
you consider lost opportunity costs.
RealRenta has all the
tools that a property manager has but for less than 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
Tuesday, 20 September 2022
