There are several states in Australia at
the moment, experiencing some weakness in the rental market, due to oversupply
and other economic factors.
Some vacant properties in these areas are
renting for lower prices with some tenants insisting on lower rents when
renewing their leases.
If you are looking at a drop in your rental
income, here are some tips from RealRenta, to help you out and put things into
perspective:
• The market determines the price, so
research the market properly before entering into any negotiations with tenants
about the price.
• Sometimes lowering your rent is a smart
move. You will be worse off if your property is empty so, less rent is better
than zero rent.
• The market always goes up and down and in
circles. Hold on to your property, the market will surely go up again.
• Don’t overprice your property in this type
of market, it could mean longer periods of the property being vacant and no
income for you.
• Investing in property is a long term game.
Remember that the underlying strategy for property investing is capital growth
overtime.
Use RealRenta to manage your
property- there is no need to pay expensive middlemen anymore.
With RealRenta, you will get your rental
revenue paid directly to your bank account.
RealRenta is for Smart
Investors, who realise that they are no longer bound to traditional property
management and the associated high fees.
Use RealRentanow and you will NEVER hand over your investment income to a Property
Manager EVER AGAIN!
Start
here:https://app.realrenta.com/Signup.aspxand
get 50% off the normal subscription Fee https://mailchi.mp/realrenta/50-deal-2020
Jason Gwerder
Wednesday, 8 July 2020
