On many occasions we've met with investors who are unsure what to do next with their investment property. Some have had a negative experience with a past tenant or property manager and feel they want to put an end to the troubles. Others aren't seeing the return they may have expected. Whatever the reason, it is a common question: should you sell your investment property or hold onto it?
In this post we'll take a look at the common reasons people consider selling their investment property rather than holding, and a series of questions to ask yourself to help determine the best course of action.
There are many advantages of consolidating your investment property portfolio to be managed by a single property management company. The benefits range from operational aspects which make life easier for you as an investor, to being able to maximise your return on investment through having visibility of your investment properties as a whole.
Recently the NSW Parliament passed the Residential Tenancies Amendment (Review) Bill 2018, which covers a number of amendments to the Residential Tenancies Act 2010.
The aim of the changes is to "increase protection and certainty for renters, while ensuring that landlords can protect their investment and effectively manage their properties" (sourced from NSW Fair Trading).
The amendments also aim to provide greater protection for victims of domestic violence, make it easier for tenants to make a rental property a home and reduce repair and maintenance disputes.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Newcastle real estate agent offering expert property management across Newcastle and Lake Macquarie.