Property vs. Shares

Tysonboss1 · 12 October 2010

So_Cynical said:
I had a mate a while back that had a rental property, borrowed 85% of the purchase price to get it and though he had done everything right...then his schizophrenic tenant burn the house down, well no worry's he though, i have the house fully insured.

Then the insurance company tells him his policy is only good in the event of an accidental fire, turns out his tenant confessed to the cops that he burnt the house deliberately cos like he thought the devil was in the kitchen trying to get him etc.

He lots the lot, around 100K at the time.

Thats where you need Landlords insurance it covers deliberate damage by the tenant, I think it is only about $200 / year. It's well worth it I think, I have only had to claim once in 10 years and I have a few properites, But it is worth it for the peace of mind.

Tysonboss1 · 12 October 2010

poverty said:
The tenant will trash your house no matter what kind of market we're in too!

Directors and ceo's can trash the value of your company in any market also,

It may be easier to evict a tenant and do a quick repaint and recarpet.

lamta20 · 25 October 2010

I own both property and shares to. To me shares are good yielding for short term investment because of the way i trade it, and property would be long term investment. I make about average 5-9% each month on the stock market, where as my investment property i make no where close to that. Probably like 12% per annum.

Property vs. Shares

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lamta20

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