Renting out a rooming house: What you need to know
Do you have the right strategy to maximise your returns?
On this episode of The Smart Property Investment Show, host Phil Tarrant speaks with Dragan Dimovski of Buyers Agency Australia to uncover the potential behind operating a rooming house – an increasingly popular form of accommodation where tenants are on individual long-term leases.
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The conversation explores the benefits and challenges of operating a rooming house, which Dragan explains requires a thoughtful approach to management and tenant selection. When done right, however, this asset can prove to be a lucrative investment, particularly compared to traditional single-family rentals.
The episode also covers the importance of having trusted professional advisers to help you devise your strategy, and zeroes in on the integral role that bookkeepers play in property investing.
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