Refresh the bathroom

Before you can look to drive greater returns from your investment you need to understand how your current portfolio is performing. In order to do this, set aside half a day or more each year to assess your property and its performance. This ritual can help identify opportunities to both save money and to make more money.

When reviewing your property’s performance consider the following: - Are you charging market competitive rent? Look at similar properties online and talk to your

Property Manager. - Has the property’s value increased since your last review?

Do you have any additional equity in the property that you could use for other investments. - Are you on the most competitive home loan rate? Can you get a better deal? - Are you on the right insurance policy, is the premium competitive, could you consolidate polices for better value? - Do you have ongoing issues with the property? Would it be better to offload the property and invest elsewhere? - Do you have the best investment team supporting you? Are they providing the proactive service and advice you require? - Are you maximising your taxable expenses? Organise to meet with your accountant to ensure your claiming all possible expenses. - Do you need to make proactive repairs to your property? You or your Property Manager should inspect your property regularly so you can identify and address any potential maintenance issues. - Does your rental yield align to your investment goals? If not, what changes can you make to help you achieve your goals?

For more detailed information on how to review your portfolio click here. 1

1 www.mcgrath.com.au/advice/articles/9-ways-to-review-investor-performance