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.

Port Kembla House 839x487

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.

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.

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SUBURBS MENTIONED IN THIS EPISODE:

Kingston
Ipswich

RELATED AREAS OF INTEREST:

4 things to do before starting your renovation
How renovation can improve cash flow
The cheapest and most expensive tradies around the country revealed

 

 

 

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