A Lewin Real Estate Guide for Investors
Investing in a rental property can be a powerful way to build long-term wealth and generate steady income — but it’s important to make informed decisions. At Lewin Real Estate, we’ve helped countless clients build successful property portfolios, and we know what works.
Here’s what you need to know before buying your first — or next — rental property:
1. Be Clear on Your Investment Goals
Are you aiming for consistent rental income, long-term capital growth, or both? Understanding your goal from the outset will help guide your decisions on what to buy and where to buy.
2. Get Your Finances in Order
Speak to your lender or mortgage broker to understand your borrowing capacity and organise loan pre-approval. Investment properties generally require a larger deposit (often 10–20%) and may have different loan conditions.
Also consider:
- Stamp duty & legal fees
- Ongoing costs like maintenance and insurance
- Lender’s mortgage insurance (LMI) if your deposit is less than 20%
***Lewin Real Estate is not licensed to provide financial advice. For personalized guidance, we recommend speaking with a qualified financial advisor or accountant.
3. Choose the Right Location
A strong-performing investment relies on location. Look for areas with:
- High tenant demand
- Close proximity to schools, shops, and public transport
- Strong potential for capital growth
At Lewin Real Estate, we know the Cheltenham and Bayside markets inside out — and can help you identify smart investment opportunities in the area.
4. Pick the Right Property
Different property types offer different benefits:
- Houses offer land value and long-term growth
- Units/townhouses often have lower maintenance costs
- Newer builds tend to attract quality tenants
We’ll help you choose the right type of property based on your goals, budget, and the current market.
5. Be Aware of the Real Costs
Beyond the purchase price, you’ll need to budget for:
- Council and water rates
- Maintenance and repairs
- Landlord insurance
- Vacancy periods
- Property management fees
A realistic budget will help you maintain a healthy cash flow and protect your investment.
6. Engage a Great Property Manager
A reliable property manager will protect your investment and minimise stress. At Lewin Real Estate, Lisa Devola, our experienced and hands-on Property Manager, ensures:
- Careful tenant screening
- Professional leasing and inspections
- Timely maintenance coordination
- Rent is paid and managed efficiently
Lisa brings years of experience, local knowledge, and a proactive approach to managing rental properties across Cheltenham and Bayside.
7. Understand Your Legal Responsibilities
As a landlord, you must comply with:
- Victorian Residential Tenancies laws
- Providing a safe, well-maintained home
- Managing bonds, notices, and inspections correctly
Lisa and the Lewin team ensure your property is legally compliant and properly maintained at all times.
8. Know the Tax Implications
Many property-related expenses are tax deductible, including:
- Interest on your investment loan
- Repairs and maintenance
- Management fees and insurances
You may also benefit from negative gearing if your expenses exceed your rental income. We recommend speaking with a qualified accountant to structure your investment efficiently.
9. Plan for the Long Term
Successful investors think ahead. Consider:
- How long you plan to hold the property
- Future renovation or upgrade plans
- Whether to buy and hold, or eventually sell
10. Do Your Homework
Before you buy:
- Order a building and pest inspection
- Understand local rental yields and vacancy rates
- Research the area’s history and growth trends
With the guidance of Lewin Real Estate and our team of local experts, you can feel confident in your decisions and avoid common pitfalls.
Ready to Invest?
Whether you’re a first-time investor or growing your portfolio, Lewin Real Estate is here to guide you. With expert local insight and the support of our trusted Property Manager Lisa Devola, we’ll help you buy smart — and manage your property with confidence.