PORTFOLIO UPDATE: How we renovate to increase tenant longevity
Renovating a rental property is not always done with the intention of being able to increase weekly returns. Often, it can simply be a case of making a home safe, compliant, and more attractive for tenant longevity.
In this episode, Smart Property Investment’s Phil Tarrant is joined by Right Property Group director Steve Waters for another monthly portfolio update, this time focusing on the $20,000 renovation currently underway on a property in Kingston, Queensland.
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While purchased back in July with only a few maintenance issues, recent tenants had left the property in such a state that tradesmen were not even willing to enter the property.
Tune in to find out how the renovation of this three-bedroom, two-bathroom property is being approached, and the thought process behind transforming the home.
The pair will also answer some common renovation questions regarding painting the interior of a property, tell you exactly why your property isn’t attracting renters, and discuss the impact that the recent South Australian election will have on investors.
If you liked this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insight!
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