Property Management and Your Investment

The “corner stone” of a successful investment property is having the best people managing your valuable investment.

Property management is a highly important service that is often undervalued. Having the best property management team looking after your investment property can mean the difference between a smooth or rocky investment, and profitable or unprofitable one!

Our property management team at Harcourts – The Property People works extremely hard to deliver the very best service to our investment clients. Our property management team performs so well that they are consistently placed in the top three in NSW within the Harcourts Real Estate group.

Here’s a little insight into the first class and award-winning service our team provides:

• When first advertising a vacant property, we work swiftly to advertise the property to as many potential tenants as possible. This results in maximum applications in the shortest possible time. This way we get a tenant into your property and paying you rents faster. 
• From tenant applications received, our property management team uses our systems to diligently scrutinise applying tenants, and help our landlords make the final selection. This is a highly important part of the process, as the “big picture” of the final selection is: less maintenance expenses, little or no rental arrears, and maximum capital growth on your property.
• Our first class service and systems ensure rent is paid on time, expenses and bills are tracked and paid, and there are regular inspections conducted on the property to ensure it is being kept as agreed. 

At Harcourts our property management team are leading the way in property management service. Eight dedicated Property Managers and several support staff work to ensure that all details are attended to.

Investing in a quality Property Management agency makes a lot of sense. A well-managed investment property will provide maximum income, no hassles, and the best long-term outcome.

Buying Off the Plan

Buying off the plan can be a great move for some security in your investment. It has advantages such as locking in the NOW price (and pay later), as well as a number of tax advantages.

Off the plan properties are a great solution for investors or buyers who need time to organise their finances. Here are some “do’s” and “don’ts” to ensure you purchase successfully.

DO

Do research

Do your research to find out growth and expected yields of off the plan apartments you are interested in. Also make sure you find what is tax deductible and their implications, as well as the government incentives on offer.

Do register on project agencies’ databases

Sales people will always first speak to the potential buyers who are the easiest to contact. People on project marketers’ databases often get the first opportunity on available apartments.

Do act decisively

Usually the first third of the project is sold, not only to members of agencies databases, but also to buyers who act quickly. Obviously the apartments with the best aspects and most desirable features are sold first.

Do understand the value of time

Generally, property prices gradually increase annually (and occasionally dip in value). Don’t panic – over time your investment will serve you well.

Do buy in the areas people want to live

The top three priorities people have for choosing somewhere to live are proximity to schools, work and transport. Some other things to consider include access to shopping centres, recreation facilities, parks, cafes and restaurants.

DON’T

Don’t buy without having your solicitor look at the contract

It’s important to choose a solicitor who understands and is experienced in off the plan contracts.

Don’t expect the agent/developer to wait for you to organise your finances

Most banks will not give you an approval for more than six months before completion. Just get an indication from your bank that you will be Ok, and then go for it!

Don’t distrust your agent

Your agent wants to do the right thing by you, and will encourage you to get in early and grab the apartment you want!

At Dougmal Harcourts we have many off the plan apartments available, as well exciting new projects in the pipeline. Give us a call to register on our database, or visit our website to see what is currently available.