1. Research and know your local rental market. This can be as simple as just getting online with any rental listing website and investing time to compare weekly rental prices.
2. When your property becomes vacant take the time to undertake a complete investment audit.
3. Take the time to think about how your investment stands out in comparison to other properties on the market and why a tenant would choose to rent your property?
4. Protect yourself with landlord property insurance to cover you for the unexpected of rent loss and property damage.
5. Have a financial strategic plan to always be one step ahead.