Your tenant, your rental income and Covid - 19 

  • By Peter Gordon
  • 02 Apr, 2020

With the current pandemic spreading across the globe we have all felt the effects - cities going into lock down, businesses closing their doors, staff have been made redundant, on leave without pay or working reduced hours.
 
We have to consider over the coming days, weeks and months the unemployment rate and how high it may go. Australian’s across the nation are starting to feel the pain of either losing their income or working reduced hours.

Tenants and landlords will also be feeling the flow on effects of the pandemic. It’s hard not to panic in the current global climate. However, now more than ever it’s important to review your budget so you can focus on getting through this difficult time.
 
As an investor and business owner that works with Australian’s, educating them on how to invest in property, I have outlined several questions that you might like to consider for your tenant, your property manager and yourself.
 
Request the following from your property manager. They will have this information on file.

1. What do your tenant/s do for work?
- By doing this you can see if they are in a stable industry and might be secure in their employment.

 2. What is their income/s per annum?
- You can calculate if they can afford to still pay their rent

3. What type of tenant do you have?
- Are they single
- Is it a couple
- Or are they sharing the accommodation

Knowing your tenants employment position, their individual or joint incomes can assist you with your own cash flow and budget for your investment property. If they are a couple leasing your property then knowing their income can assist you with working out what they might be able to afford to pay each week if one tenant loses their job.
 
I believe it’s always best to plan ahead. That way if circumstances change you can pre-empt your strategy.

If you are concerned about the ever changing landscape and are unsure of what to do please reach out for assistance.
 
The Team at Investo Property are here to help.

CONTACT ME NOW peter@investoproperty.com.au

By Peter Gordon April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

By Peter Gordon April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).


By Peter Gordon April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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