For most property investors, the importance of positive cash flow properties is central to their property investment strategy. That is why it is vital when purchasing a rental property that you consider the appeal to potential tenants as well as crunching the numbers to ensure that you can afford to purchase the property.
While there are a number of factors that can influence returns on property investment, it is universally agreed by real estate experts that maintaining good occupancy rates from reliable tenants is central to getting a positive return on your investment property. Being able to appeal to the largest number of potential tenants doesn’t require having the most luxurious property on the market or offering the cheapest rent. This is known as rentability and for investors it means understanding who are the potential tenants and what it is that they’re looking for in a rental property.
By understanding the key rentability factors you will be able to best select a property that appeals to the most tenants, giving you the best chance to keep your property occupied by a reliable and suitable tenant and getting a regular return on your investment.
Investment Property Seminars Sydney
Want to learn more about building a smart investment portfolio? Silverhall runs informative investment property seminars in Sydney. Find out more online or contact their team of professionals on 1300 662 143.