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The age of the written contract is drawing to a close, it seems to me. There was a time, not so long ago either, when the written contract was solid gold. You entered into an agreement with absolute confidence that all agreed clauses would be adhered to, because you had troubled to sign something to that effect, in the presence of a lawyer.

Now, such contracts are solid only until one or both parties violate the conditions contained within the agreement, and then you learn the document is not, in fact worth the paper it is written on.

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Owing to its direct connectivity with prime commercial destinations of Mumbai like Bandra-Kurla Complex (BKC), Kalina, CST Road, Jogeshwari-Vikroli Link Road, the real estate around LBS Marg is buzzing with activities. Both commercial and residential properties are selling like a hot cake in the region.

Not just LBS Marg, Mumbai properties around Ghatkopar, Powai, and Vidyavihar are also witnessing a strong surge in demand.

Availability of superior road infrastructure with linkage to Eastern Express Highway has further fueled the growth in the belt and this has resolved the connectivity issues between Eastern and Western suburbs.

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Real estate investing can be both exciting and lucrative if you make the right investment, and buy and sell at the right time. So the time has come that you have finished the renovations on your property to attract the right crowd. When you get to this step, you want to make sure you don’t rush things and lease the place to the wrong person which you could be regretting for years to come, not to mention turn your investment into a liability. Having good cash flow whilst your paying off the home mortgage is critical. Ensuring you have good cash flow will mean you very rarely have a vacant property, and when you have tenants who have moved in, you have no issues with collecting rent every week. Leasing your property to the right candidates is what this article will continue to explore.

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Every property investor will agree that without tenants you do not really have a property business.

Your tenants will pay the rent set by you. This rent will be used to pay for:

 Your mortgage repayments
 Recurring property maintenance
 Fixtures and furnishings in a furnished property

Any money left over will be used by the property investor for

 Advertising
 Finders fees for further property acquisitions
 Further acquisition financing costs
 Legal fees
 etc.

As you can see, there are numerous expenses here. To be successful, you need to treat property investing as a business and not just a hobby.

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