Many people think residential property investment is all about passive income. The truth? It’s a business, and like any business, success comes from preparation, strategy, and the right team.
As an investor myself, I’ve learned a few non-negotiables that every landlord should know, whether you’re just starting or growing your portfolio.
Your Numbers Must Be Bulletproof
Before you even consider a property, be ruthless with your numbers. Potential capital gains and high rental yields on paper are tempting, but unexpected costs can quickly derail your investment.
Factor in everything: mortgage, rates, insurance, management fees, and a good buffer for maintenance. A truly profitable investment is one that works in a spreadsheet, not just in your imagination.
The Right Tenant is Everything
A short vacancy while you find the right tenant is a calculated expense. Months of arrears, property damage and tenancy disputes, however, can drain your time, money and peace of mind.
Doing your due diligence and having a good screening process is non-negotiable. Protect your asset from day one by choosing tenants who are reliable, responsible and respectful of your property.
Your Biggest Asset Isn’t the House – It’s Your Time
Early in my investing journey, I tried to do it all myself. Tenant calls, organising tradies, navigating compliance – it almost became a second job. That’s when I realised the true value of a property manager.
This insight is exactly why we work alongside 360 Property Management. A top-tier property manager doesn’t just collect rent – they manage your asset to its highest potential. From marketing the property to attract the best tenants, to handling maintenance and navigating legal requirements, a great property manager frees up your time to focus on the bigger picture.
We’re proud that the team at 360 Property Management is the #1 Property Management office for Ray White, which is a true testament to the systems, expertise and dedication they bring to protecting and growing their clients’ investments.
Build a Team, Protect Your Investment
Residential property can be a powerful vehicle for financial freedom – but smart investing isn’t a solo sport. Get your numbers right, secure the right tenants, and partner with a management team that treats your investment like their own.
If you’re serious about maximising your property investment, reach out to the team at 360 Property Management to see how they can potentially help you achieve your goals.
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