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4 Intrinsic Risks Of Real Estate Investment
Investing in New Zealand rental properties comes with various uncertainties. How comfortable you are with the risk is a factor of financial status, personal issues, or your age. Real estate properties can offer you tremendous outcomes but you don’t know what lies ahead. Many landlords will tell you that their journey is ever easy especially for the faint hearted. Before you take a leap, take into account these potential hurdles of investing in real estate.
Tenants from hell
To succeed, you need reliable tenants who will be in a position to pay their dues in tie and maintain the good looks of your rental property. Late rental payments and property damage are the major problems that New Zealand landlords face today. Throwing out a tenant is never an easy task due to the cumbersome eviction procedures which take a long time. Threatening a tenant would conjure up thoughts of withholding further rent payments and house damage to retaliate. In such cases, the landlord ends up being the loser as he has to spend money on repair and legal fees.
Liquidity
This is the ability to get hold of money invested in ...
... a property. Lack of liquidity is a major demerit in real estate business hence most investors consider long term solutions. Before you decide on
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