Tuesday, February 17, 2009

Is Rental property still a good investment?

Tenants all around the country are defaulting on rentals, with 18% of KZN tenants not paying their dues.

Statistics show however that tenants in the R3,000.00 to R7,000.00 per month income bracket are the most loyal regarding payments with 61% of these tenants making payment in full and on time.

A good credit check and sound lease agreement can however help landlords keep a good return on their investment in rental property, and Mc Naught and Company are ideally positioned to assist in both these aspects.

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