Leave
it to the professionals
When you own a commercial or residential investment
property, it is your responsibility to maintain it.
In the case of commercial tenants, however, it is in
their best interests to keep their premises neat and
well maintained, as it is the platform from which they
run their business.
When it comes to maintaining your own residential
investment, it can be difficult not getting emotionally
involved in your tenants' situation. It is also a specialised
field that requires constant attention. To avoid these
pitfalls, many investors employ an agent to manage
the property. The agent is responsible for setting
the rent at realistic market levels, making sure the
property is well cared for and ensuring that the rent
is paid. Generally agents charge between 7% and 10%
of the gross rental. Naturally this sum is fully tax
deductible.
Need help with your property investments? Contact
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