To be an extremely successfully property investors you need to leverage both experience and knowledge. If you are able to successfully build a quality team around you, then you are giving yourself the highest chance to build a high quality property portfolio.
We have built an incredible team of professionals which has enabled us to elevate our portfolio. Below is a list of the people that you need in your A Team and why they are an important part of your journey of being a property investor.
A good quality Mortgage Broker will be able to structure your loans in the most effective way. They will also have access to a panel of lenders and will know which lender will benefit your individual circumstances based on their lending policies and guidelines.
Finding a Mortgage Broker that personally invests in property is also important. This shows that they have personal experience investing. This will allow them to understand your goals, align more with your values more and help you to achieve great results.
A quality Property Manager will have a high level of experience and knowledge within the industry. They need to know the ins and outs of your rights as a landlord and be willing to act in your best interest at all times.
Your Property Manager will market your properties effectively to get the highest volume of potential tenants and then assess these tenants to ensure they are quality tenants. You also want to streamline any council rate bills and water bills to be sent directly to the Property Manager to pay, giving you more time back in your life, and that’s what they charge commission for!
Again, finding a good quality Property Manager that personally invests in property is also important. This shows that they have personal experience investing. This will allow them to understand your goals, align with your values and help you to achieve great results.
They will be a critical part of ensuring that you secure your investment property in a timely fashion and complete the preparation and verification of documents for settlement.
They will review the Contract of Sale to ensure you as the buyer are protected from a legal standpoint. In addition, they will complete due diligence on the Property Title and ensure the property transaction happens smoothly.
They can also assist you to negotiate a price reduction if the Pest and Building comes back with any major issues that will need addressing.
Again finding a Solicitor/Conveyancer that personally invests in property is also important. This shows that they have personal experience investing. This will allow them to understand your goals, align with your values and help you to achieve great results.
Accountants can help you strategize and add properties to your portfolio that align with your strategy as well minimizing your tax bill as much as possible.
Again finding an Accountant that personally invests in property is also important. This shows that they have personal experience investing. This will allow them to understand your goals, align more with your values and allow you to achieve great results.
When leveraging a Pest and Building Inspector for assessment this then allows us to determine what costs may be involved as part of the purchase to get the property to an optimum standard.
If there are any issues identified this is where it’s important to have your offer subject to a Pest and Building Inspection. You will then either assess what the costs will be and negotiate that amount off the price of purchase (with help of your solicitor/conveyancer) or decide this property may not be worth investing in.
A quantity surveyor will provide a detailed 40 year report on your property covering all details that will allow you to claim certain amounts of depreciation each year.
Once this report is organized you need ensure this is provided to your accountant as part of your yearly tax return.
Again finding a Quantity Surveyor that personally invests in property is also important. This shows that they have personal experience investing. This will allow them to understand your goals, align with your values and help you to achieve great results.
We have built an incredible team of professionals which has enabled us to elevate our portfolio. A quality team of the people you need to guide you through your journey of property investing.
