The increase of property prices and the increase of the aging population there has been rise in the need for budget housing. Of course options for budget housing have been around for ages but not many people really looked at it as a viable investment opportunity. But now with the increase demand investors are advocating for investing in such properties.
Now of these budgets housing methods one of the more popular ones are the dual income property investment solution. These are also sometimes preferred by some investors as there are very useful advantages to it. Now basically these are the kind of houses that have two houses under the same roof. That is to say there are two separate dwellings that share a roof. One of the key advantages of this type is that you get two rents and thus you have a better cash flow. Of course it depends on your property as to how much of a rent you can actually ask for. Sometimes once combined it may not be more than what you would have gotten if you had only one house. But like I said there is better cash flow, in the sense as you have two tenants you don’t have to hound behind one person until you get your rent. Of course if both of your tenants are bad ones you would be stuck hounding behind two people to get rent. This could increase your stress levels.
That is the simple truth though. This means that you have twice the amount of work to do in terms of managing and maintaining. But still like two rents when it comes to dual income property you have the advantage of always having one tenant even if the other decides to leave suddenly for some reason. Your cash flow would not suddenly stop. In addition to that you would not have to be reluctant to kick out a bad tenant. If they are bad you can get them to leave and get someone better without that much pressure as you have one tenant to fall back on to. Of course if both of them suddenly leave your going to be in a bit of a fix but a situation like that is happening is a rare occurrence you would not have to worry about such a situation presenting itself to you. Furthermore if you have hired a property manager for the job you have nothing to worry about expect paying the manager. He will get the job done as that is what you pay him to do. For more info about property investment advisors Brisbane, visit http://meredon.com.au/
There are slight variations to this type like duplexes, dual key properties etc. but they all operate under the same premise of having two dwellings under the same roof. The difference being sometimes the second dwelling may be only one or two rooms in a house. so far it appears to be a good investment option .