Over the past six years I've worked with many estate agents looking to manage my rental properties. And whenever it took time to fill up an empty apartment they'd tell me “the market is slow this time of year”.
They weren't all lying to me. Considering the post-2008 property market it hasn't been smooth sailing for anyone.
South Africa's economy is struggling and people are finding it ha... ››› more
If you're investing in property to rent out, your main concern will be to buy a property that's in demand from tenants.
Once you're the owner, your next concern is finding a suitable tenant.
So how should you prepare?
Read on to find out…
Opt to part furnish your property
If you’re battling over whether to furnish your property or not, stop right now. There isn’t a differen... ››› more
When you decide to invest in property to rent out, finding a property that appeals to prospective tenants for the right price is only half the battle.
The next thing you need to do is find a tenant for your property. And you don't want just anyone renting out your property. You want to find a trustworthy individual who's going to treat your property with respect and pay their rent on time.
S... ››› more
Property investments are great investments. I love these large tangible assets that, over time, can be a great source of passive income.
But, leasing a property brings a challenge that some people enjoy and some people find daunting - Finding a tenant that pays their rent every month and on time.
Non-paying tenants brings a host of problems to your investment that can put a l... ››› more
Once you start advertising your rental property and you've had droves of potential tenants contact you, you need to decide which tenant to accept. This means you have to seal the deal and ensure your tenant pays on time. Here's how you can to this…
If you think your job is done when you’ve found a tenant for your rental property, you’re wrong.
To maximise the value of your property in... ››› more
Many people shy away from making money from rental property because they're scared of all the ‘bad tenant' horror stories they've heard. But, the reality is “the days of bolting doors shut and taking private property from a tenant is past and you'll get yourself in BIG trouble if you try to get rid of a ‘bad tenant' this way,” warns Francois Joubert in Become a Master Property Investor in ... ››› more
With consumers under so much pressure these days, it's hardly surprising that there's been a rise in tenants using identity theft in an effort to avoid paying their landlords, Michelle Dickens, managing director of registered credit bureau TPN told Fin24 earlier this week. “This particular type of fraud is quite common - and what is most concerning is how easy it is to become a victim.” But h... ››› more
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