Ensure Your Property Is Safe and Reduce Your Risk
Gone are the days where you could rent out a run-down and unmaintained property by reducing the rent or targeting vulnerable tenants who would accept such conditions.
Property investing has become serious business! Yes, there are great long-term profits to be made as the market values appreciate (often doubling or tripling their value over time). However, every investment needs to be nurtured and looked after.
As an investor you should be scheduling the following at the necessary times (which could be every year or every 5-6 years).
Blind cord safety
Outside lighting safety (adequate lighting)
Steps and balcony safety
Flooring safety, etc.
Risk can be a complex issue that every investor wants to avoid. By being proactive you can be safe your property is protected.
ppm newsletter June 2014