The property management mistake that could cost investors thousands
Investors can obsess over tax changes, interest rates and property prices, but another variable can have just as great an impact on the net return.
The right property manager can help minimise vacancies, maintain compliance and protect an investor’s rental income. (Image source: Alena Levykin/Shutterstock.com)
Every time the policy environment shifts, I watch two types of investors respond in completely different ways.
The first type freezes. They spend months waiting for certainty, waiting to see what the legislation actually means, whether the numbers still stack up, whether now is really the right time.
By the time they’ve resolved those questions, the market has moved and so have the best opportunities.
The second type does something different. …
