MODERN INVESTING
How to Get More Out
of Your Property
Investments
By Tim Boyle
O
ne of the many advantages
of investing in residential
property is that you can
choose how involved you want
to be in the investment. Many
investors treat it as a completely
passive investment and outsource
the management of the investment
and finances to property managers
and trusted advisers. Others have
a real passion for it and it becomes
almost a hobby. Once you have
purchased the property there
are three aspects to managing
the success of the investment;
the property, the tenants and the
financials.
36 ModernBusiness
January 2016
The Property
Depending on the type and
location of the property there
are many things you can do to
boost the capital value of the
property as well as the rent you
receive in the meantime. This can,
but need not, include extensive
renovations. Often a new paint job
in some of the rooms is enough
to really improve the appeal of
the property. An example I saw
recently is new carpets in the living
area of a townhouse investment.
The cost was $6,000 and yet the
rent increased by $80 a week.
The carpets therefore paid for
themselves withi