Tip of the Week!

ByTierney Cavanagh

10 Mistakes New Landlords Make – And How To Avoid Them

3. Thinking of the property as your own home
A common trap for new landlords is thinking of their investment property as they do their own home. Good investment opportunities can be missed because the investor cannot imagine living there themselves.

Another common example of this is in relation to the interior decorating of your property. Often new landlords will enjoy painting or decorating their property once they have taken possession. The rule is keep it neutral and make sure whatever you do appeals to the widest selection of tenants possible.

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