Ranita is Director of Property Management at Urban Property Agents in Brisbane, the winner of the Real Estate Institute of Queensland's 2015 small residential agency of the year award.
The biggest mistake some investors make is by doing renovations such as converting a third or fourth bedroom into an office with a built-in desk.
The relationship between a landlord/tenant and their property manager is super important. This relationship is based on trust, consistency, communication and mutual respect.
Once you give an investor a rental return amount quite early on in the development and purchase phase, they are expecting that return upon completion and settlement and this poses an issue.