Is your property manager outsourcing services?

Australian companies have been outsourcing services for years, especially big brands and large corporations.

In recent years, small business has jumped on the band wagon to use onshore and offshore outsourcing with the aim to reduce costs and improve efficiencies.

Outsourcing is now common across many industries and increasingly in the real estate sector, particularly property management. Some real estate industry insiders suggest it’s the ‘way of the future’.

While the property management sector may well be heading this way, is it necessarily good for the end-customers? You, the landlord and your tenants?

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Managing you own Investment Property – why would you?

What price a headache?

“Save money,” they say.  “It’s easy,” they say.  “Anyone can do it,” they say.  On the face of it, ‘they’ appear to have a point.  On the face of it!  Scratch the Investment Property surface however and there’s a whole untold story behind those glib statements.

Time is Money

At Stills Properties we get it – property investors want to make money, not spend it.  But how valuable is your time?  The old adage ‘time is money’ never rang more true than when it comes to managing your own investment property, because how much of your family time are you prepared to commit to:

* Dealing with late-paying tenants?
* Evicting a bad tenant?
* Finding a new tenant when the current one leaves?
* Performing regular property inspections?
* Organising necessary repairs?
* Keeping up-to-date with applicable legislation?

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Apartment or House: Which is the better investment?

Buying your first investment property–whether an apartment or house is an exciting time. But how do you know which type of property is the better investment?

As with all investments, it depends.

The best place to start is to first figure out your property investment strategy: are you looking an apartment or house for capital growth or cash flow?

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6 Ways to Become a Confident Property Investor

Australians have long favoured bricks and mortar investment over the stock market.

But with recent lender restrictions, interest rate hikes and talk of property price corrections and a housing crash, Aussies are said to be losing confidence in the viability of property investment.

For a confident property investor, they know not to panic. They understand the market is cyclic and property values fluctuate over time. They ignore the hype and focus on researching the market, gaining knowledge, and having a plan.

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Managing Your Investment Property Lease Renewal During the Holidays

Over December and January is a tough time to lease an investment property. With vacancy rates peaking early in the New Year, tenants have more choice and are in a better position to negotiate.

If you can avoid having to deal with your investment property lease renewal during the holidays, you’ll save yourself a lot of unnecessary time, money, and worry.

But if you must find new tenants during the holiday period, how can you best manage it?

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