Managed Apartments

Managed apartments are simpler to own. You don't have to worry about a tenant. The manager will find one for you or, if they don't, they will pay you rent anyway. You don't have to worry about maintenance. They sort all that out. It is an easy investment.

The body corporate fees for a managed apartment are considerably higher than for a normal one. The rental guarantee has to come from somewhere. The manager's salary has to come from somewhere.

The danger with such a simple investment is that you have handed over control to the manager. If he does a good job, great. If he doesn't, there is very little you can do about it. Rental guarantees only last for a specific time. After that, you're often on your own.

Again, if the deal works, then it is worth doing. But you do need to consider the long term, and assess the risks. You don't want it to be a bad deal in 5 years' time. What's more, you don't want it to be so bad a deal in 5 years' time that you can't sell it off to anyone.


Note. Figures in this article may be of a historic nature and may not reflect the circumstances at the time of posting. Posts in this blog should not be taken as investment advice, merely as views of a general nature. Individuals should seek qualified advice tailored to their specific circumstances from licensed advisors.