When an investment property lies vacant for even a short time, your earnings can take a big hit. So how can you attract someone to your property amongst the competition?
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What do you see when we write: the great Australian property dream? Do you see the so-called quarter acre block with a patio, BBQ and pool?
For current first home buyers, they see something much different. The Australian property affordability crisis has given way to the rise of rentvesting.
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So you have an investment property to rent out and know someone close to you looking for a place to stay. It seems like a no-brainer; you have a lot of trust and respect for them, and you won’t have to host interviews or screenings for potential tenants.
But while it might sound like an ideal solution, there is a myriad of things that could go wrong. Read on to find out how you can avoid them.
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