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Practically though, things are not quite that smooth. Purchasing the property is merely the first step. You then have to find reliable tenants, maintain the property and administer the monthly rentals. Then there’s all the red tape involved in rental properties.
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Even if you only own one property, this minefield of administration and maintenance can become a nightmare. Add to this the danger of choosing the wrong tenant upfront and your 'easy' investment can quickly turn into a nightmare.
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At the beginning and end of the lease, they will conduct the required walk-throughs and complete the relevant paperwork as required by law.
If you want your property ownership experience to be a good one and really want to make money, you need to get a professional property management company on your side. For free rental appraisals Brisbane, visit www.yesrent.au today.
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