Simple steps to boost your rental yield
podcast

Simple steps to boost your rental yield

Simple steps to boost your rental yield

Todd Polke - Positive Real Estate

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For investors when it comes to boosting your rental yields your magic ingredient's really going to be your local property manager. They're the ones who know the local property market. They know the demographic that lives there. They know your tenants and to what they're going to really value in their lives and what yet want for themselves and their family, whoever it actually is. So when you're trying to do this what you've got to go focus on doing is going and having an interview with your local property manager or find a few different ones. Find out what the tenants and what the local demographic is going to want, and then find ways to actually give that to them. For example, when you're going up in Queensland it really is much more of an outdoor lifestyle because of the climate up there. So perhaps up in that type of market it's about providing more of an outdoor living entertainment space is really going to add a lot more value. When maybe heading down to Melbourne, where it's more indoors and potentially closed off due to the environment again, the climate. It might be more focused on providing more of an entertaining space internally or providing some storage for tenants. So just make sure you go and talk to your property managers, sit down and interview them. Find what the local demographic tenants want and then find a way to give that to them.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 114: Why property is ‘literally’ this investor’s life
Episode 113: Portfolio update: Why we bought five properties in one go
Episode 112: How this ex-banker supercharged her portfolio with knowledge from the inside track
Episode 111: The tips this ex-camera man uses to snap up properties
Episode 110: Top 5 questions to ask your accountant
Episode 109: From selling 10-cent golf balls to a $1.8m portfolio
Episode 108: Dealing with scar tissue from bad investments
Episode 107: How property styling can boost your portfolio’s worth
Episode 106: How ice addicts potentially ruined an investment
Episode 105: New podcast: Investor reveals the opportunities for migrants in Australia
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Simple steps to boost your rental yield
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