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Author Evan Thornley

American politician Tip O’Neill once said “all politics is local” and so you could say for real estate agents and property managers. Nearly everyone touts their local market expertise as their main selling point. And local market knowledge is important – to understand prices, the types of tenants that go to particular areas and housing types, good local trades for maintenance work.
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It is always easier to deal with a problem you can see than one you can’t. It is always more urgent to deal with today’s problem than tomorrow’s, let alone one that is 10 years from now. Maybe that’s why so many property investors focus most of their time on the least valuable issues and the least of their time on the most valuable issues. If that sounds like a problem, read on and we’ll unpack our “two triangles” – where people spend their time and attention versus where the money is.
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American politician Tip O’Neill once said “all politics is local” and so you could say for real estate agents and property managers. Nearly everyone touts their local market expertise as their main selling point. And local market knowledge is important – to understand prices, the types of tenants that go to particular areas and housing types, good local trades for maintenance work.
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When we talk with our clients about what they expect from us, the number one request is “make sure you get me trustworthy tenants”. So this is a passion for us. And, as you might expect from LongView, we approach this with a mix of art and science – using people and data skills to ensure we get it right. And unique processes.
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We have come to realise that nearly half our clients are ‘Accidental Landlords’ – people who have inherited their investment properties or moved out of their family home and rented it out. So what? Why does that matter? Well the questions and challenges for Accidental Landlords are different to those of  ‘Active Property Investors’ – those who specifically bought their property as an investment. If you are an Accidental Landlord, read on and we’ll talk about why you should care.
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This property ticks all the boxes. It is certainly the right time to be buying the property at 4/307 Hawthorn Road, Caulfield North – at $1,175,000. And the long term investment fundamentals are strong – Caulfield property has grown strongly over the last decade. 3 bedroom units have grown at 6.6% p.a. compound every year (so at this price that’s about $76,000 of capital growth every year).
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