The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate
Is Real Estate Investing Harder
Is Melbourne Real Estate Investing Harder? (Hint: No!)
Has technology made investing in Melbourne real estate easier? Entrepreneur Magazine has supplied an answer to warm the heart of any Melbourne Realtor® (like yours truly). They say investing in real estate isn’t just easier—it’s grown significantly easier. The reason is the medium we’re communicating through right now.
“7 Reasons NOW Is a Great Time to Invest in Real Estate” was the title of the essay. The screaming “NOW” was the initial attention-getter, although the single one of the 7 Reasons that had me nodding my head didn’t deal with interest rates or bankers’ current awakening from their previous lending lethargy. It wasn’t any of the points dealing with prices, the job market, or any of the other financial reasons you’d expect from a magazine called Entrepreneur.
The reason that got my attention was one that is truly applicable for potential Melbourne investors who are mulling over the plusses and minuses of taking on their first Melbourne rental property. If you’re one of those, you are necessarily a successful person. It’s 99% certain that you are also a busy person. Becoming a landlord certainly makes sound investment sense…but does it makes scheduling sense, given your typically busy day?
Entrepreneur's one-word reason that real estate investing has gotten easier is “technology.” Nearly every one of the associated tasks that were time- and labor-consuming back in the “olden days” (translation: a couple of years ago) have become much simpler. Not surprising is that locating and funding candidate properties is easier because of the web: you’ve found me here, so you know that one already.
The thought-provoking reasons were listed as bullet points. Each formerly time-consuming task you’d associate with real estate investing can now be handled by services that are, in 2017, a mouse click away. Services like Craigslist and online Melbourne newspaper classifieds automation make advertising a breeze. Collections and tenant screening, likewise. In fact, just about every task can be made easier, whether via professional services or—for do-it-yourselfers—sophisticated software programs:
tenant management (those midnight calls, especially!)
For potential Melbourne investors, it’s one part of today’s technology that’s a decidedly positive development. And right now, the array of local real estate investing opportunities make it an excellent time to give us a call!
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