A. This means you are buying a property that already has a tenant living in it. Once the property is registered in your name (after your bond has been registered and transfer has taken place), you will start receiving rental income right away. There is no waiting for a tenant to be found and vetted for you.
A. Rental management by IGrow Rentals includes:
– Tenant vetting and credit checks
– Drawing up lease agreements
– Conducting regular property inspections
– Rent collection and payment to you
– Handling routine maintenance and call-outs from tenants
– Reporting on income and expenses for your tax returns
– Settling disputes and sorting out evictions
-Arranging tenant insurance
A. This is how much rent you can expect to earn on your investment property. The amount will vary depending on the unit you choose. For example, ground floor apartments will typically command a higher rent than a 2nd floor apartment.
Rental income variations within a development usually reflect unit size, convenience of access, and special features like private use gardens or a great view.
A.This is the Return on Investment you make before any deductions each month. It is usually expressed as a percentage. ROI is calculated like this:
A.This is what you have to pay in after your investment expenses until you reach break-even point.
Simply put:
A. This is a cash amount paid directly to you in monthly installments over a set period. No deductions are taken off this amount, and it is paid to you along with your rental income each month. It is intended to help reduce your monthly shortfalls in the first years of your investment.
