Canna Campbell

It all comes to you in rent.

The more rent you receive, the more passive income you're receiving.

So this is, I think, something that people really do underestimate or overlook, perhaps.

If you're going to be buying an investment property, you want consistency.

You want a long-term tenant.

Being in between tenants, particularly if it's a bad time of the year, say Christmas time, Easter, school holidays, or if it's a

out of season, like it's a seasonal spot and it's wintertime and you don't have people there, that can really be really, really detrimental.

The other thing is obviously making sure that you're getting that rental increase happening.

Now, I know this is a bit of a sore spot because obviously people are renting annoyed with rents going up.

It's frustrating.

But if the value of the property is going up, will the rent go up with it consistently over time?

The reason why I say that there are people out there who have a property or properties and the rent hasn't actually increased with the value of the property.

And that's why some people it's actually cheaper to rent than it is to go and buy that property.

So those are the sorts of things that you take into consideration.

There's also the holding cost of property as well that do actually eat into that.

the actual gross income that you receive.

So all those outgoing expenses like the strata, the insurance, you know, the property manager, if you have one, the wear and tear, and of course, you know, the interest.

So there's all these sort of come into play, but the two key most important things is consistency and an increase like long-term growth of that rental income.

Take that example of that million-dollar property.

What if 10 years later I'm still only getting $50,000 a year in rent?