Things You Should Know Before Embarking On Valuation.

The property the reality of it is is that they think they’re just going to know and collect some rent it’s not a matter of clicking some rent it’s a matter of knowing what you’re doing like a real Property estate agent is a professional that’s going to go out there and take care of your property and third party that has authority over it so I see a lot of people get troublesome tenants from doing that if you have systems procedures in place like the worst case that I have had in my investing would probably be out of near ¬†properties have purchased you know the occasional tenant they might.

 

 

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Dosa runner and not pay the rent and wreck the place but I have systems in place which would be insurance which will cover those pitfalls and Tyndall benefits again I think a lot of it is a false economy so people try and save money with property management by doing it themselves but then they don’t lease out the property for the highest amount and they get dodgy tenants in there because they haven’t got the credit check systems and the rest of exactly so they’re saving maybe a thousand two thousand dollars a year but it costs them five or ten exactly.

They then take the insurance policy out or they trying to achieve home insurance rather than investor one and they not covered for loss of rent or for whatever else yeah if we turn it back into an into a business and REO and look at someone that’s got a big successful corporation and thinking that that’s a property portfolio or someone that’s got a little soul trader business which is like a fish and chip shop you know there’s a difference between McDonald’s in the local takeaway shop make tunnel systems and procedures in place it’s the same party the same people the same bun just shuffled around a bit well the local takeaway shop will already take your order of food they’ll go and cook the food they’ll wrap your food it’s a process in place and if you can build a property portfolio like a business like that yeah now most people need to borrow money yeah we haven’t got millions and millions kind of sitting in the bank obviously with.

 

Loss of rent or for whatever else yeah if we turn it back into an into a business and REO and look at someone that’s got a big successful corporation thinking that that’s a property portfolio or someone that’s got a little soul trader business Valuations QLD which is like fish and chip shop you know there’s a difference between McDonald’s in local takeaway shop make tunnel system and procedures in place it’s the same party the same people the same bun just shuffled around a bit well the local takeaway shop will already take your order of food they’ll go and cook the food they’ll wrap your food it’s a process in place and if you can build a property portfolio like a business like that yeah now most people need to borrow money yeah we haven’t got millions and millions kind of sitting in the bank obviously with.

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