• Think like a businessman: A property is essentially like a business, so in order to succeed in this venture, you must think akin to a businessman. Take active participation in all the little aspects of management and communicate with your team regularly to ensure that your asset is looked after well.
• Invest in property upkeep: A surefire way of attracting the best tenants is by maintaining your property and enhancing its exterior. Pay attention to leaky roofs, worn-out faucets and dull paints. To notch up the rent, partially furnish the space or refurbish it with an air conditioner, a bath tub or a dishwasher. A well- cared property has infinite potential to churn up money over a long period of time and attract quality tenants, even in the face of recession.
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