Empower Blog Rental

Top Seven Negotiation Tactics for Spring

With spring “Selling Season” just around the corner, I thought it'd be a good time to revisit some negotiating tactics we need to employ when we're looking to buy a property in this upcoming season.   The first one is: it's not all about price. We need to find out what the vendor really wants. It takes a bit of digging, and it takes a...

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RENTVESTING: The Best of Both Worlds

Want to live in an inner city suburb, but simply can’t afford to buy in it? Hello, rentvesting! In this Money Magazine article, Ben explores the alternative strategy to tackle housing affordability: Rent in the location you want to live; but still invest property. Rentvesting is a shift from the baby boomer view of home ownership; but it is ...

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What Is The Biggest Expense A Property Investor Will Face?

As a property investor building a portfolio, the question often asked is, what is the biggest expense I will face when I build out the costs for the portfolio? For me, it's really clear that the biggest expense, bar none, is a vacancy. If you think about it, you're renting a property for $500 a week and it's vacant for four weeks; there's $2,000...

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Should deposits be waived for first-timers with good rental history?

Did you know, according to most recent First Time Buyers Deposit Report published by Bankwest, Australian couples need to save for an average of 4.4 years for a 20% deposit on a median-priced house. Now, would this changed if deposits are waived for first home owners and how will this affect the property market in general? Bryce Holdaway debated...

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Are Tenanted Properties always a Good Investment?

So what I want to talk about today is whether or not you would consider buying a property that is tenanted and whether that is an advantage or a disadvantage. At first value, it probably sounds like nirvana isn't it because it does have some pros. I mean, there is negotiation strength that comes with that. The property market is roughly 70% owne...

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So you’ve bought the property… What’s Next? (Part 2)

The next step is, "Well, ok, once I've settled, the next biggest anxiety I'm going to have is whether or not I'm going to get a tenant." So you really need to start thinking about property managers and interviewing a range of property managers. Ask them some key questions because they are going to be in charge of looking after your asset. For me, t...

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Earn $55k a year in rental income

Retiring on a passive income from a well-designed property portfolio sounds like the dream end to a lifetime of hard work. And you don't have to be a millionaire to make it come true. In this issue of Money Magazine, Bryce Holdaway is asked to demonstrate how some forward planning and the use of smart strategies show how three typical Australian ho...

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Dear Landlords, Don’t Let Maintenance Be Your Achilles Heel

Although investment property maintenance might not be the most exciting part of being a landlord, it is certainly important. Whether you had a tenant that didn’t take care of the house during their stay or the weather conditions in Australia have been hectic, it is your responsibility as a property investor to preserve the value and good conditio...

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A Home Is Not Just a Home: The Process of Buying a Home with an Investor’s Mindset (Part 2) 

>> Click here to read Part 1 Firstly, why Invest Your Money in Property? Before we move forward, we need to look into investors' mindset and understand why they choose to invest in property? Property investment is one of the places Australians turn to when looking for ways to grow their portfolios because of numerous benefits such as low vola...

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Getting the Best Rental Return for your Investment Property

In the first episode of Look at Property Season 9, Ben Kingsley, CEO & Founder of Empower Wealth and chair of Property Investment Professionals of Australia (PIPA) and Carmel D'Aspromonte join Des Dowling to talk about getting the best rental return on your investment property. It is every property investor's dream to get as much return as poss...

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What you need to know when increasing your rent

Laws differ from state to state around rental increases, however the reasons for rent increases are similar across every state and Territory throughout Australia. Rent reviews and increases should be revised at least annually, if not at every 6 month interval. The common times to do so are January or February, when most landlords are looking at the...

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Is Land Size still King?

Look in my view, I think land size isn't King anymore and I think in the 20th century it was and its largely driven by baby boomers who had the Great Australian Dream as an aspiration and their idea of the Great Australian Dream was a detached house on a quarter acre block, surrounded by garden with a barbecue in heels hoist and that was represente...

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What are the Risks of investing in Residential Property

We can all get really excited about the prospects of creating a great passive income out of property. But one of the big things when we look at 2014 and we see all the hype around property investment is there’s still actual risk involved in investing in property. So today I wanted to share a moment with you in this time and talk about the risks t...

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