This brings me to my third point when it comes to buying rental property, tenants. This is something that most people overlook when they are shopping for their property. You see, a good quality tenant will just make your life easier. They will take care of the house and communicate if anything is wrong. If you get a bad tenant they may damage the house, which you will have to fix. They may also pay rent late which puts more stress on you. You may even have to end up evicting them which takes time and could cost you additional money.

In order to get a good tenant the place your buying should be clean, free from bugs and rodents and be a nice place for someone to live. It should be in a safe area and the outside should also have an appealing appearance. In order to get this type of property you may have to pay a bit more for it up front but it will be worth it in the long run.

If you remember to keep these basic things in mind you should be fine and it should lead to a good experience that is profitable for you each and every month. When it comes to buying rental property remember, if the numbers work and the place is nice then go for it.

Contact M Residential for further information Property Management, Selling and Buying in South Perth, Como and surrounds.