Technology is a hot topic in the property sector at the moment. Managed App director Thom Richards suggests, however, that some tech solutions have greater practical functionality than others.
Success when property investing can sometimes be thrown out if returns aren’t measured correctly. In any asset class, absolute returns are usually measured by what’s called a Holding Period Return. Expressed as a dollar value, this means adding income during the period to the value of the asset at the end of period and then subtracting your starting value. You can also express this as a percentage by dividing the number you came up with by the starting value, too.
Good tenants make owning a rental property a dream. Bad tenants make it a nightmare. Finding a great tenant & keeping them for as long as possible will ensure you have consistent rental income with minimal fuss.
Lately there have been some new 'startups' in the property management space that are trying to swing investors away from full service property management. As a result, the average fees for property manager's are under pressure as investors look to shave some costs from their investment.