Here is a golden rule for your investing. Rather than buy first then wonder, how do I get a tenant, why not buy with the tenant in mind?
For the suburb that you are looking to buy in, go into the real estate agency, walk past the sales guy/gal, sit down with the rental manager and ask them:
- If I was to buy a property in this suburb, what does it need to have?
- What do the renters come in and say they want?
- Do they want a garage?
- How many bedrooms?
- How many bathrooms?
Then go and buy that sort of property. You have an entire market that is already there, waiting for houses to rent. Do a bit of leg work and find out exactly what they want.
It’s all about feeding a starving crowd. Find out what they want so then you’ve got a far better opportunity to easily find a tenant for your property.
How many people do you know who approach the property manager first when buying an investment property, to ask them what sort of renters they have on their books and what sort of properties those renters are looking for in that area?
Makes sense, but not too many people think to do it.
Ask about our Investment Service, where we provide you with trusted impartial advice and WE MAKE IT EASY to protect your interests throughout the entire buying process.
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By Wendy Chamberlain
Copyright 2023 | All Rights Reserved
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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.