Money management is not only important in property investing but in every aspect of everything you do daily. As a professional property investment, you need to manage not only your properties but also the finance around it.
No matter how much you did your homework and due diligence, you may still encounter a void for a couple of months so you need to still have reserve to pay the bank. Also you need to control your cash flow because this is very critical. Another important thing to remember is to manage your incomings and outgoings.
Jochen also offers templates you can use in managing your financial. Listen to Jochen as he discusses how money management is crucial.
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