Residential property can be a valuable part of an investment portfolio, but owning a rental property involves more than buying a home and collecting rent. Understanding the costs, rental income, property condition and ongoing responsibilities can help you assess an investment more carefully.
The Ray White SuperCity Rentals Investment Guide provides useful information for landlords and property investors looking at the financial and management aspects of owning a rental property.
The guide can be useful if you are considering your first investment property, adding to an existing portfolio, or reviewing an existing rental property.
Good property investment requires attention to areas such as:
The guide also explains that the tax treatment of rental property expenses can depend on the nature of the expense and the condition of the property. For specific tax advice, landlords should speak with a qualified accountant.
The Investment Guide provides information on several important areas of residential property investment, including:
The guide also explains that Healthy Homes Standards cover heating, insulation, ventilation, draught stopping, moisture ingress and drainage.
Buying an investment property is only the beginning. Ongoing management has an important role in maintaining the property, supporting the tenancy and keeping rental matters organised.
Routine inspections can help identify maintenance requirements and provide landlords with records of the property’s condition during a tenancy.
Ray White SuperCity Rentals can assist landlords with the ongoing management of their rental properties, including rent management, inspections, maintenance coordination and tenancy matters.
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If you are considering a rental property or would like to discuss professional property management, contact Ray White SuperCity Rentals to learn more about managing your investment.