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 5 Biggest Mistakes Property Investors Make that Cost Them Tens of Thousands in Lost Profit

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5 BIGGEST MISTAKES PROPERTY INVESTORS MAKE THAT COST THEM TENS OF THOUSANDS IN LOST PROFIT People buy an investment property for 1 reason. To build wealth. As a property investment specialist I’m constantly shocked at how property investors are losing 10’s of thousands of dollars investing in property that could easily be avoided. The thing is they just don’t realise it.   So here is my 5 biggest mistakes property investors make that cost them tens of thousands in lost profit   STOCK MARKET VS PROPERTY INVESTING Have you ever heard an investor who owns PHP shares say to you “PHP wanted to give me a $7,250 dividend this year, but I told them to keep it. It’s  OK they probably need it more than me”. Property investors do this all the time. “Oh they are good tenants. I don’t want to lose them so I will keep the rent low for years and while it means I will retire much poorer than what I’d like. It’s OK.  Compound rent is like compound interest. Have you hea...

What is a rental appraisal ? Explained in detail

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WHAT IS A RENTAL APPRAISAL? I get a lot of first time property investors wondering what the first step is when engaging a property manager. Probably the first thing to do is to get a rental appraisal. I’ve found some investors are not sure what is a rental appraisal, fair enough considering for many this is the first time investing in property. So I hope to outline what a rental appraisal is here in this article.   RENTAL APPRAISAL SUNSHINE COAST QLD If you would like a rental appraisal on the Sunshine Coast please reach out to me. A rental appraisal is where an experienced property manager will give the property investor an indication of what the likely rental income will be on their investment property when it’s rented out. There are a few ways these can be done and prices will be different depending on the property type, location, age, quality of fixtures, number of bedrooms etc etc.    REMOTE OR ON SITE RENTAL APPRAISALS The best property managers on the ...