Being a successful property investor isn’t about luck; it takes a good mindset, organisation and strategy. The new year is the ideal time to look at how your investment property portfolio has been performing, set a to-do list and consider setting some new goals.
“It may be possible that you are missing out on opportunities by not taking time to look at what’s happening in the market,” says Cathie Crampton, Head of LJ Hooker’s Property Management Australia & New Zealand
“Just like we set New Year’s Resolutions for our personal and work life, it can be a good idea to add a few around your investment plans.”
Resolution #1 – Visit your property in person
Your property manager will always keep you updated on the condition of your asset, but seeing the property for yourself can help you to understand what is happening with the property. Even a dream tenant may not report everything that needs repair. If the property is located interstate or a regional area, it is still a good idea to visit in person and familiarise yourself with the local area.
Resolution #2 – Stay on top of repairs
Small repairs can build up over time become costly if not dealt with straight away. Talk with your property manager about the best way to keep your investment in great shape. Give specific instructions on managing repairs in the event you are uncontactable. Also, ensure you are across compliance issues such as smoke alarm regulations and minimum housing standards.
Resolution #3 – Consider adding value
Strategic spending can help you make money on your investment property. Look for smart ways to increase your returns in 2026. New carpets, kitchen appliances and paintwork may help to increase the value of your investment property and help attract (or keep) great tenants. Consider getting a depreciation report, which will outline the available tax deductions for a property's wear and tear. You can also talk to your property manager about what improvements could boost your property's performance.
Resolution #4 – Organise your paperwork
There is a huge amount of documentation involved in owning an investment property. Paperwork needs to be kept safe during ownership and for seven years after selling it, including expenses, legal and agents’ fees. The OurProperty app helps to manage this for you with easy access to everything you need in the OurProperty Owner App.
Resolution #5 – Be ready to act
If you are looking to grown your property portfolio in 2026, now is a great time to think about getting financially prepared. Talk to your bank or mortgage broker to talk about your options and pre-approval, and then speak to an LJ Hooker investment specialist in your target area. LJ Hooker Property Complete can help you find the perfect investment property in the high-growth corridor of south-east Queensland.
If you are ready to start working on your new years resolution, contact us today.
DISCLAIMER - The information provided is for guidance and informational purposes only and does not replace independent business, legal and financial advice which we strongly recommend. Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided. LJ Hooker will not accept responsibility or liability for any reliance on the blog information, including but not limited to, the accuracy, currency or completeness of any information or links.
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