There have been a number of people who have lost thousands of dollars through failed investment schemes. There are also stories that we all heard them and most likely seen them on TV, stories about “the tenants from hell”.
Please don’t let this put you off buying an investment property.There are many ways available to reduce your risk and protect your asset.
Most importantly tenants are becoming more educated in legislation, it just means as a landlord you need to become educated as well. Unfortunately, these bad experiences reflects on industry.
Buying wrong property can be just as bad as no buying at all.
If you are planning to be in the property investment game you are likely to experience both the good and the bad. Or may be you already had investment mishap. You welcome to share these experiences with others. You might even consider to give some advice.
Tell us and others about your experiences with your property investements and share what you would you recommend to others to be successful.
Is choice of Real Estatate agency is important - in screening tennants and management? Who would be your ideal agent to look after your property and why?