Investment Is a Game of Teamwork
Putting your money to good use and going ahead with an investment is a big step towards financial freedom. Each Dollar you use as investment works diligently to help you stack more of them – yes, that’s why each dime invested in the right place counts. But money has a funny way of going down the drain if you go berserk and don’t spend it wisely. So, before you label something as the “next big thing” and give away your hard earned money, do your homework – do it right and you’ll gain something, do it with half a heart and you could lose money.
If you think about it, financial planning isn’t the only thing you need to win at investing – you also need a reliable team that supports you. To become successful in the real estate investing business, you either need a mentor to guide you through every process, the help, and support of the people around you and a solid plan with robust execution.
It’s challenging to do everything thing by yourself with perfection.
You can’t focus on due diligence, looking after your family, looking for ways to expand, seeing new people to discuss opportunities, listening to your tenants, complying with local laws, and oversee the tradies all at the same time. For this, you need a team. If you can find the right people for each task, you could end up amongst the top property investors in the whole of New Zealand!
The Star Player in Your Team
Starting as an investor, you’ll need a good mortgage broker, a property accountant, an experienced lawyer, a well reputed real estate agent, reliable & qualified service providers, and above all a sharp property manager who understands your property goals and the current market conditions. Period.
While looking for your star player among the property management companies, make sure you are aware of the role they could be playing for your business. Most investors start with investing in a rental property and adopt the DIY approach. They try to juggle different things at a time and end up getting frustrated. Rental property management is not to be taken lightly as your cash depends on it, can you name one thing that is more important to an investor than cash-flow? There isn’t one right! That’s why we highly recommend you look for the best property management company in Auckland. Someone who has played the role of a tenant, landlord, investor and with passion, they have gone into the business of property management.
How Can A Good Property Manager Help?
Well, in many ways. Let’s break it down so that we can address one thing at a time!
1. Staying Clear From Pitfalls
Isn’t it obvious? Having a professional, honest, and an experienced real property management company by your side can help you stay clear of the beginner mistakes every DIY investor makes. A true professional makes fewer mistakes (I didn’t say they are perfect) as they know what they are doing.
A newbie landlord is unaware of what the expectations need to be, and they often end up leaving money on the table. They usually get over-charged by tradies, make unnecessary renovations, and pay higher taxes than they should.
2. Help With Expansion
This is my favorite part about having a professional property manager by your side. There is work, and then there’s family. If the line between them fades away, the unwelcomed presence of stress enters your life. of stress enters your life. Stress kills productivity germ. It halts your growth and holds you back from coming up with epic ideas to take your business to the next level.
If you have someone you trust to look after your investment, you can afford to focus on other things. You can spend time with your family, head off on vacation, and focus on growing your business.
At airpropty, we believe that investment is all about teamwork. Having a great team by your side could help you scale your business to new heights. You need a reliable team to help you in the journey to your success. In your team, your star player is the property manager. They are responsible for managing the cash flow for your investment. It’s like having an extra pair of hands to collect more money!