Keep The Income Or Sell For Profit?

Decisions Every single day we all have to make many decisions, some of them small and some of them big. Success coach Anthony Robbins said that even not making a decision is also a decision. In the case of property investing, we will have to decide for each property in our portfolio whether we

Risk Management!

Let’s discuss the specific risks you might be potentially exposed to as a property investor.   Market And Price Risks One of the first things that often come to the minds of people who think about investing into property is that the price of their property might drop and hence generate the misconception that

Risk Responses

Now that you have a clear picture of what your investing-related risks are, the next step is to decide what you are going to do about them, or in other words, how you respond to those risks. For the positive risks, it is fairly straightforward – exploit those opportunities to the extent you can.

What Risk?

Have you done risk management before? Whenever I ask this question during my events or classes, only very few people raise their hands. As a matter of fact though everybody is doing risk management on a daily basis, including you. We might not have thought of our actions in those terms.   Do you

Tenancy Agreements

After you have selected your tenant and agreed on the rent, tenure, plus any other details you need, put those into writing in a tenancy agreement, rental contract, or whatever similar term might be used in your jurisdiction. The clearer and more explicit you are in the terms and conditions, the better it is

Selecting Tenants

Once you or your letting agent have identified a list of potential tenants, the next step is to decide on which one to take on, as you can only have one (in the case of HMOs you have multiple tenants, but also one tenant per room). Selecting the right tenant is crucial as it

Maintenance and Repairs

Part of managing your properties is to ensure that they remain in good condition so that you can rent them out for a good price. Having a happy tenant definitely helps! Since your tenants are the ones who are living at your flats or houses, they are likely motived to keep them in good

The Basics Of Letting

Now that you have decided to get a tenant for your property and understand your and his rights and responsibilities, it is time to share the basics of how you can actually accomplish that. Letting out a flat or house is easy, but there are several considerations and potential pitfalls. You need to understand

Tenant Or Not?

Whether you should get a tenant for your property or not is relatively simple. Those strategies that involve buying and selling your property within a short time frame such as a Fix And Flip obviously do not involve tenants, whereas any strategy that aims at longer time frames does involve getting tenants to give

Who Looks After Your Properties?

That is one of the key questions when we talk about management of your properties. As in many other cases, there is no single correct answer. If you have started with only one property that is close to where you live, you can probably manage it yourself. If you have built up a large