Property represents a secure and long-term form of wealth creation.
A well-managed investment property can offer distinct advantages including income and capital growth. It is important to be aware, however, of the responsibilities of managing an investment property.
When you own an investment property you can either manage the property yourself or you can use a real estate agent to manage it for you. Here are some things you should consider before making a decision: • Will you save money by managing it yourself? • Are you prepared to deal with tenants and all of the repairs? • Are you ready for the responsibility and do you have the time to spare? • Do you know what your rights and responsibilities are? • Do you know the tenant's rights and responsibilities? • How will this affect your tax? For more information about property management, click here for a free copy of First National’s Property Management Guide.