If you're thinking about starting an investment portfolio on the Gold Coast, you'll need some assistance finding the right places and managing them all. Owning and operating an investment as a rental is more than just collecting the rent and finding tenants when the old ones leave. Plus, if you want to grow your portfolio, you'll need to study the market and find where the next best place to buy is.
A property manager from Ray White Surfers Paradise can help you out. With years of local market knowledge and an understanding of your financial goals, our team can help you find the most suitable properties to invest in, as well as look after the ins and outs of running rentals around the Gold Coast. Here's what a property manager can do:
Looking around for your next best buy takes a lot of time. You need to organise finance, research suburbs that appeal to you, figure out which ones show good rental yield or strong capital gains, and only then can you narrow down which properties are for sale.
Once you know which homes are for sale, you can inspect them and make an offer on the most suitable option/s. It's a lot of work, and a serious amount of preparation is required before you get to the point where you can add to your portfolio – especially if you have to deal with tenancy issues at the same time.
A property manager can do the research for you, finding available homes in areas you like that are within your budget or that suit your needs.
Along with searching for your next investment, a property manager can handle all of your tenancy tasks. From collecting rent, resolving disputes and organising repairs, conducting inspections and finding new tenants when one tenancy ends, a property manager handles everything.
That either leaves you with time to search for your next property purchase, or it means you don't have to give up your day job. You could have your income streams from investment properties around the Gold Coast and your current employment as well. In terms of financial security and building a retirement nest egg, it doesn't get much better than that.
For more information about how a property manager can help you to build your investment portfolio, contact Ray White Surfers Paradise today.