The selection of your tenant is essential because all your investment depends on it. It is important to have a tenant who regularly pays rent and who properly maintains the premises. You are also advised to ask for a joint surety and to have a tenant who has a salary at least three times the rent.
If necessary, you can call Local Property Management Sydney agency. Their fees are deductible from your property income. This point is rather significant because it is the agency that will relieve you of worries and steps that will allow you to avoid any management problem.
The risk of non-payment of rents is one of the most widespread risks, which is why a rental guarantee is a good spare wheel. It will allow you to collect the payment of rents in case of unpaid bills. In addition, in the case of student accommodation, a parental guarantee is recommended.