Wednesday Jun 15, 2022
Rates Gone Up, Do Rents Go Up???
"The perception is that these landlords are are these rich people that sit back and collect the rent and drink cocktails all week......"
The high percentage of property investors are the everyday people in the street, investing to create a better future for themselves and family. We also know that the highest percentage own just one property. So lets assume quiet accurately that they are not 'experts' just yet.
So its understandable that when the landlords (and mine too) mortgage repayments are drifting up from interest rate rises.....they'll ask the question.
"What do I do now?"
"Should I increase my tenant’s rent when their lease is up ?"
We have a rental crisis on our hands, (increased construction costs and undersupply of property). Your Property Manager is the person that needs to swiftly identify the peaks in demand and jump at every opportunity there is to maximise your financial position.
I put a call into my good friend Helen Matsoukas, the most level headed expert in the world of Property Management.
Helen leads up the Blue Wealth Property Management Integration team and is always a breath of fresh air to speak with.
You can read her great blog on increasing tenants rent.
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