Make sure you consider all costs of owning an investment property. If you want to ensure your investment property doesn’t incur repair costs that are avoidable then list it with eProperty Rentals. http://www.epropertyrentals.com.au

1. Covering the Costs of an Investment Property
There are many benefits to owning an investment property. The extra
income you can enjoy will far outweigh the work it takes to get there,
and once you have your foot in the door of being an investment
property owner you have the potential to grow your portfolio.
One of the main factors you take into consideration when purchasing
an investment property is the purchase price and of course if you can
afford the mortgage. There are, however, other costs to keep in mind
that are easily overlooked but can get you into a spot of bother if not
attended to.
Bills, bills, bills
Aside from your weekly, fortnightly or monthly mortgage repayment
you need to factor in other costs of running your investment such as
rates, council fees and, if it is a unit or townhouse, body corporate fees.
These are expenses you need to consider before you go ahead and
make the purchase and it is information you are always able to gain
access to when you are looking at properties. If possible, check out the
state of the sinking fund if there is a body corporate in place and find
out about repairs to common property that will be required in the near,
and not so near future.
Maintenance and repairs
No matter the kind of property you purchase, whether a house or
townhouse and the condition it is in, there is every chance that there
will be repairs or maintenance required at some stage. Even new
homes can have things go wrong.

2. Having a reputable and reliable property management Milton team
such as eProperty Rentals, will ensure that any repairs that need to be
carried out are well executed and charged at an honest rate from
trades people. When you manage a rental property yourself you won’t
have access to the same service as a property management team and
you can never be assured of the same positive outcome.
The right tenants
Having responsible tenants in your rental property can also reduce the
risk of extra running costs. If you put tenants in place who cause wilful
damage and who don’t respect the premises you may end up needing
to put your hand in your pocket if it can’t be proven the damage was
negligent or deliberate.
With the professionals at eProperty Rentals investment property
owners are assured of a thorough screening process which means only
the right tenants are placed in your hard earned investment.
Get in touch with eProperty Rentals today and find out more about
their fees and charges to manage your property perfectly, visit them
online at http://www.epropertyrentals.com.au/.