Purchasing investment real estate in Bentleigh could be a brilliant way to approach the new year, especially for those looking to supplement their wealth with rental income. Of course, with this new asset comes a wealth of responsibility, as you'll become the landlord to tenants.
Being a landlord means assuming control of the day-to-day running of the property, including taking care of any problems that arise within the house. Your tenants are likely to contact you with any maintenance or repairs that need to be undertaken.
Creating a relationship with your tenants is a great way to be a good landlord. For example, making it clear that you're available to them if they need you means they're likely to treat your home and hospitality with respect.
Furthermore, setting a reasonable rent is a great way to achieve a healthy landlord-tenant relationship. This way, if you decide to increase it later, you'll be able to discuss this with tenants in a friendly way to ensure they understand why without getting hostile.
Get in touch with Matt Hurlston at Ray White Carnegie to begin looking into purchasing investment Bentleigh real estate in the coming months.