Find good tenants

Many novice real estate investors worry about not being able to find good tenants.

Is this something you should be concerned about?

Well, yes and no. It really depends on what sort of properties you invest in. I choose to invest in average properties that I can rent out at average rents.

I never have a problem finding good tenants, because the types of properties I invest in are very affordable for most people.

If, on the other hand, you choose to invest in the top end of the market, or even the premium types of properties that appeal to the higher income earners, those are the first properties that are vacated in an economic downturn.

These are the types of properties that people can no longer afford when times get tough.

I’m sure you can imagine what they do instead…

…They downsize and move to more affordable accommodation.

Average properties are great for people starting out and they are also strong in tough times.

In fact, they’re the types of properties that are in most demand by tenants in good times and in bad.

Therefore, in my opinion, if you invest in average properties which you can rent out at average rents, the risk of not being able to get tenants is reduced.

Do you have a burning real estate question you’d like answered?

It may have ALREADY been addressed at:

http://www.RealEstateSecrets.com.au/faq.htm

…so you might like to check out this page now.

Warm Regards

Hans Jakobi – Your Wealth Coach®
Real Estate Secrets