Owning an investment property involves more than receiving rent each week. Landlords also need to consider the costs of owning and running the property, property management, maintenance, Healthy Homes requirements and the financial factors that can affect the overall return.
At Ray White 360 Property Management, we understand that property investors need clear information when managing a rental property. Our Investment Guide covers some of the main financial and property-related areas landlords should understand when owning residential investment property.
The guide covers a range of topics relevant to rental property owners, including:
The guide also highlights areas where professional advice may be useful, including accounting, lending and financial matters.
The financial side of property investment can be complex. Expenses such as insurance, rates, repairs, maintenance and property management all form part of owning a rental property.
It is also important to understand the difference between repairs and improvements, as the treatment of these costs can vary. Healthy Homes work is another important area for landlords to consider when assessing the condition and ongoing costs of a rental property.
Having a clear picture of your property’s income and expenses can help you better understand its financial performance.
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If you own a rental property or are considering property investment, the guide provides useful information to help you understand the financial factors involved.
For help with your rental property or property management, contact Ray White 360 Property Management to speak with our team.