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When you’re investing in property, you’re investing in your success!

    Successful investors know the high rental returns they seek short term and the high capital gains they seek long term will only be achieved by following the investing advice of a team of industry experts.

    First-time investors often get impatient with the time-consuming path of confirming and choosing quality experts and take the quick-and-easy low-quality and low-quality choices. These same first-time investors get disappointing returns on rental and sale prices. Not surprisingly, they are the ones you often hear talking about a negative experience with property investing.

    But, as with any investment, there are several factors to consider to ensure you’re on the right track. So let’s dive into some of the key elements that can make or break your property investment journey.

    The art of successful property investment.

    Our experience has taught us to take the time to find independent experts who have quality built-in to their business speciality.

    In turn, it is only these that we recommend to our clients at Property Investors.

    Selecting Dependable Leasing Agents

    A leasing agent is the middleman between you and your tenants. A good agent can make your life significantly easier by finding reliable tenants, managing maintenance issues, and ensuring rent is paid on time.

    Look for agents with a proven history of introducing high-quality tenants, excellent customer reviews, and a comprehensive understanding of the local market. A dependable agent is worth their weight in gold, so choose wisely.

    Assembling Your Investment Team

    You are the captain of your investment ship, but you can’t sail alone.

    You need a team of experts, including a financial advisor, a real estate agent, a lawyer, and possibly a tax consultant. Only assemble your finance-to-legal-to-leasing investment team with independent industry experts proven to work towards the success of their clients.

    • Finance: Helps you get funds on terms that suit you best and ways to protect your investment.
    • Legal: Reviews contracts and handles legal matters.
    • Leasing: Assists in finding tenants and keeping the property earning.
    • Investment: Advises on tax minimisation and investment strategy.

    Once you’ve got this awesome team of professionals on-your-side, you need to follow your agreed investment strategy to succeed.

    Tax Minimisation Structures

    Ah, taxes—the inevitable part of any investment. But did you know that the right tax structure could save you a significant amount of money?

    Whether it’s through negative gearing, depreciation, or other tax incentives, a tax consultant can guide you through the maze. Trust us, this is one area where professional advice can make a world of difference.

    Risk Mitigation Strategies

    Investing in property isn’t without its risks. Market downturns, problematic tenants, and unexpected maintenance costs can throw a wrench in your plans. To protect you against these risks:

    • Diversify: Don’t put “all your eggs in one basket” one big investment in one property. Consider different types of properties or locations.
    • Insurance: Get comprehensive landlord insurance to protect against property damage and loss of rental income.
    • Emergency Fund: Always have a financial cushion for unexpected expenses.

    Understanding Investment Legal Documents

    Legal documents can be a snooze fest, but they’re crucial.

    Contracts, lease agreements, and local council regulations are just a few examples. Always have a lawyer review these documents. They can spot potential issues that you might overlook, saving you from future headaches.

    Being well-educated on the seller’s settlement requirements, penalties, settlement extension policies, sunset clauses, and mitigation tools will help you successfully negotiate property investment deals in your favour.

    Using a Trusted Property Inspection Firm

    Before finalising your purchase, it’s essential to get the property inspected. This isn’t the time to cut corners.

    A trusted property inspection firm can identify issues ranging from structural problems to working plumbing.

    When buying an off-the-plan investment property, having someone who knows the building industry well ensures you have a comprehensive rectification list for the builders.

    Checking Builder Rectifications

    When buying an off-the-plan investment property, don’t assume everything is perfect just because it’s new. Builders can make mistakes, and it’s often the buyer who pays the price.

    If any issues are found, the builder is generally obligated to fix them.

    This is where having someone who knows the building industry well ensures you have a comprehensive rectification list for the builders. So you can be confident that nothing gets over looked and that the builder carries out all their discovered rectifications and all recommendations are completed.

    The freedom to invest in your property success.

    Investing in property is a significant commitment, but it’s also a pathway to significant financial freedom and success. By taking the time to assemble a reliable team, understand the legal and financial intricacies, and take precautionary measures, you’re setting yourself up for a rewarding journey.

    Remember, the Australian property market is diverse and ever-changing. What works in Sydney might not work in Perth. When “going it alone” always do your research, consult with your team, and be prepared to adapt your strategy as you go along.

    So, are you ready to invest in your success?

    With the right approach and a solid team behind you, there’s no limit to what you can achieve … and if you don’t have the time to mess around – get your team with Property Investors – call 1300 884 203.

    Property Investors is your team of industry experts – supporting and keeping your investments maximising rental income and maximise structures to ensure a portfolio of properties is one smart way for you to invest in success.

    Join us as we celebrate 10 years of client property investment successes.

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