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Guest Blog – Maximising the Return of Your Investment Property

 

Lee Bouy

When we talk about maximising the return on your investment property, we’re referring to several factors that should be considered when calculating your rental income over a 12 month period. It’s not just achieving the highest rent, although this plays a big part, there’s also many other aspects to take in to account.

Maximising the Return of Your Investment Property 1Is there an oversupply problem?

As an investor, you are more than likely aware that Melbourne’s inner city has seen a huge growth of the number high-rise developments, creating the idea that Melbourne now has an oversupply of dwellings. The good news for investors of these properties is that the tenant demand is still strong, keeping up with the increased supply (it is estimated that Melbourne’s population grew by about 120,000 people last year). The bad news is many investors aren’t taking advantage of the current market conditions and just settling with the advice of their current agency, that there are “too many properties and no room for an increase of rental”.

Getting the best return relies on your agent devising an effective strategy so that your property is best positioned in the market to achieve the highest rent with little to no vacancy period. Below are some of the most effective ways we ensure our landlords are taking advantage of Melbourne’s growing demand for rental properties and maximising their return.

Maximising the Return of Your Investment Property 2Strategies to maximise your return

The first quarter of the calendar year has always seen an approximate 300% increase of tenant activity. There is no rule to say you have to look for a 12 month lease, if we can work with your tenants to negotiate a longer lease that is more favourable to you then we’ll do it. The main goal being to end the lease in ‘peak-season’ for enquiry. So for example if your property needs a tenant in July try to secure a tenant for a 19 month lease.

Having the best marketing including professional photography, a great written description and a walk through video are key to getting more people clicking on your ad and attending inspections. It is also crucial that the type of ad your agent uses is of the highest quality to ensure that potential tenants are seeing your property before others in the area. If there is high demand from tenants to view and apply for your property, it will translate in to higher rent and lower vacancy.

Vacancy / No Vacancy

Often the cost of a vacancy period between tenants can dramatically reduce the rental income for the year, making it very difficult to maximise the return of your investment property. We start our leasing campaigns sooner with the co-operation of our tenants, which is much more effective than showing potential tenants through a property full of boxes. We also accommodate private inspections in addition to our opens, via our online booking system. The more accommodating and helpful we can be to potential tenants, the better the outcome for our landlords.

Questions to ask when choosing an agent or to assess if you’re maximising the return on your investment property include:
1. In the past year has my agent recommended a rental increase?
2. Does my lease agreement with my tenant expire between January to March?
3. When there is a changeover of tenants, is there a period of time when the property is vacant?
4. If there has been a new property manager assigned to your property, have they taken the time to familiarise themselves with your property and the area?
5. Are there any minor works my agent could handle to ensure the property is presented to the highest standard and set my property apart from others in the area?

Maximising the Return of Your Investment Property 3Comprehensive analytics and research

Endorphin Wealth Management invests a great deal of time and effort researching the best investment strategies for our clients. We have developed a number of systems to manage and track the marketplace.

The investment landscape always evolves and it is more important than ever to consider your investments and carefully. We pride ourselves on being experts in researching opportunities, investments and strategies that fit in with your goals. We want our clients to get on with enjoying their life rather than worrying about money.

For an obligation free conversation about your financial future, please contact us on 03 9603 0072 or at advice@endorphinwealth.com.au

What our Clients Say

  • Rob has been our advisor for around 6 months now and to say we’ve been happy with his service is a huge understatement. His attention to detail, responsiveness and general customer service are exceptional. We’re now on the path to a much brighter retirement and hopefully reaching it a few years earlier too!

    - Luke Fleming

  • Glenn Malkiewicz has been a great help in setting up my finances for post retirement. He explained everything clearly in words I could understand and answered my questions promptly and succinctly. I now feel very comfortable about my future going forward. His friendly manner makes him a pleasure to work with. I look forward to consulting with him in the future.

    - Michael O’Mara

  • I’ve recently settled back in Australia, and Rob has been a godsend to me and has quickly become a trusted advisor. After living abroad for 12 years, he has helped me get orientated here and eased many of my anxieties about getting organised in a new country. Rob is always enthusiastic and keen to help out. No problem has been too big or small for him. He is so easy to work with, he has been reliable and available and he responds my silly emails in an impressive time frame. Rob makes a consistent effort to make sure you are up to speed and pleased. I’ve seen great results so far and I’m very glad I’ve chosen Rob and the team at Endorphin. Top notch group of professionals!

    - Kimberly Rosal

  • It’s always a wonderful experience working with rob rich. His financial advice, care and customer service is beyond exceptional and can trust that we have our finances in the right hands. Only one phone call away rob is always happy to assist and we will definitely continue to recommend him to friends and family

    - Deanne Palza

  • My husband and I wanted to find a trusted partner to advise us on our financial plans and help grow our wealth. We met with a couple of firms before meeting with Rob and they just didn’t grab us and it just didn’t feel right. One meeting with Rob and we were both sold on the spot that Rob was our man. And we haven’t looked back. Rob offers a very prompt, efficient and client focused service and always keeps us up to date and on track with what is happening with our portfolio. We couldn’t be happier with the service we’ve received from Rob and wouldn’t hesitate in recommending him to others looking for a trusted financial advisor.

    - Simone Fleming

  • 5 Stars to Rob Rich. Fantastic to work with, caring nature and a Human with a gold heart. Highly recommended.

    - Tania Sasik

  • Phillip and the team are completely focused on delivering excellence for their clients.

    - Rob Ryan

  • What an amazing man! Down to earth, realistic and honestly knows his stuff. I have never felt so comfortable leaving my finances in the hands of another person and all it takes is one chat with Robert and he will put you at ease. Thanks, Rob

    - Libby Arnold

  • My wife and I have been fortunate enough to work close with Robert and he has been amazing. Its really special to feel like you are actually cared for and know I am in good hands with our plans. I recommend Robert and his team to anyone. Thank you again for making our experience so memorable.

    - Pep Karalus

  • It was a pleasure to engage Rob to assist with a review of my fiances which included financial modelling of 3 options for my property plans and a review of personal insurances tailored to my needs. He displayed great patience and understanding throughout my journey and gently sent reminders for paperwork he needed without being pushy. He was contactable in person, email, text messages even outside of standard business hours. The plan he produced was not only tailored to me, but his approach and style he adopted was very tailored as well. The future of Financial planning in in safe hands with approaches like Rob’s.

    - Amrish Jusrut

  • Rob and Phil and their wonderful team provide excellent service with the unique combination of award winning professional insights, personalised service and real and genuine care about our future

    - David Klingberg

  • Robert is one of the nicest and most knowledgeable financial advisors I have come across. After previously dealing with advisors that left me disheartened Robs patient and understanding approach mixed with his positive attitude and in-depth knowledge is unparalleled .

    - Jordan Adams

  • I would highly recommend Rob as a caring and passionate financial advisor. Before meeting with rob I felt very apprehensive about discussing our financial situation but rob quickly put my mind at ease and made me feel very comfortable. He asked lots of questions in order to ascertain our true situation and tailor advice accordingly. Beforehand I was nervous about our financial future moving into retirement but his advise showed us how we cam move forward with confidence, taking the worry away. We will be staying with rob for the long term

    - Alison Taylor

  • We have been working with Robert since February this year, just prior to the birth of our second child. He has been a pleasure to work with and has provided comprehensive financial advice to us. Robert takes the time to get to know you and your family so that he can fully understand your financial situation and what your plans and goals are for now and into the future. He is extremely knowledgeable and very passionate about his job. He is a great communicator, responds to calls and emails promptly, and displays a genuine interest in our family. I have no hesitation in recommending Robert and Endorphin Wealth Management

    - Pauline Opie

  • Rob Rich has a well-earned reputation for providing articulate and direct financial advice and he has been the consummate professional for me, particularly regarding my superannuation. His intelligent approach and outstanding knowledge has been second to none. He's a great communicator and has done a fantastic job of translating complex financial issues and concepts into terms that are easy to understand. I would certainly recommend Rob and Endorphin for his well considered and practical advice.

    - Melinda Fabrici

  • Phillip has been my financial advisor for the last few years and I could not be happier. The outstanding retirement planning and financial advice that Phillip provided has put me in the best possible position to enjoy my future with confidence, for which I am extremely grateful.

    - Judy Anderson

  • Phil is attentive and super communicator, great advisor.

    - Peter Sagar

  • Love working with Robert. He is highly skilled, practical and empathetic. Nothing is a problem and he goes ‘above and beyond’. I have no hesitation in recommending Robert as an excellent financial advisor.

    - Rebecca Carter

  • Phil and the crew are very solid financial planners/advisors and provide excellent customer service.

    - Ian Johnson

  • Great company, wonderful people and a genuine focus on delivering the best for clients.

    - Gavin Tan

  • Great advice. Worth listening to.

    - Natasha Trenoweth

  • Excellent service and advice, highly recommend!

    - Alex Groh

  • Phillip and the team at Endorphin have looked after my financial affairs for a few years now and I could not be happier. They are pro active with communication, experts at investment advice and are friendly and great to deal with. They are my trusted financials professionals. I highly recommend them if you are looking for a financial planning team that will look after you for the future.

    - Stuart Coulthard

  • Phillip and the team are experts in their field of financial advice and investments.

    - Paul Drossinos

  • Great financial planning and advice.

    - New Dawn Pavings

  • Robert Rich is a gun and has been a pleasure to work with, he spent a lot of time asking questions and listening to both my husband and I to get a deep understanding of our current financial situation of who we are and where we want to be. His advice has been comprehensive and easy to understand. The genuine interest and enthusiasm he has demonstrated has made the whole experience to date, fun and engaging (it has also been awesome to see some great financial results!). Rob is a great communicator and is always available to chat, meet up or respond to an email. We wish we had seen Rob earlier, and plan to have him as our advisor now and into the future, I have and will continue to recommend him and his services.

    - Ellen Bond

  • Rob has been fantastic helping us set all our financials in order. We didn't want to have to worry about any of this stuff day to day. Rob put together a set and forget strategy that will see us in good shape for the future. Good guy, good advice, great help. Thanks again Rob

    - Andy Wright

  • My husband and I had a wonderful experience with Rob. He is genuine and honest. He has done amazing things with our finances to ensure our future is set up the right way. He has gone above and beyond our expectations. I highly recommend Rob, he is an expert in his field.

    - Anthea Husing

  • love working with Robert. He is highly skilled, practical and empathic. Nothing is a problem and he goes ‘above and beyond’. I have no hesitation in recommending Robert as an excellent financial advisor.

    - Rebecca Carter

  • Robert has managed our finances over the last 12 months as if they were his own. He has an eye for detail and is incredibly enthusiastic. We have recommended him to all our friends & family.

    - A. Miles

  • Rob has handled our finances for some time now. He provided us with sound advice and options. I highly recommend his services.

    - Mathew Quinton

  • Robert Rich provided me excellent financial advice and assistance in finding the right insurance for me. He was incredibly patient, and I'd recommend him without hesitation.

    - Edward Murrell

  • Rob has been helping me with my finances for just over 12 months now and i couldn't be happy, he is a wealth of knowledge and is amazing at what he does.

    - Paul Scott Ray White

  • Phillip and the team provide quality advice. They carefully explain the available options and clearly set the client's interests as the priority.

    - Jon Sutton

  • Rob has provided fantastic advise and clarity to myself and clients

    - James Ruddick

  • Great guys! Amazing financial advice.

    - Jay Boston

  • I cannot say enough about their professional manner and would highly recommend anyone I know to seek their services

    - Heather B

  • Your knowledge of the financial market is up to date and your approach to my portfolio has been proactive

    - Michael S

  • Thanks to Endorphin, I am now on the path to that dream of mine

    - Jake F

  • The plan has definitely made a big difference to my lifestyle

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  • They provided me with a sense of direction and security that I did not have previously

    - Michelle C