I often see beginner property investors buying with their hearts, not their heads. They see a property they like, or even fall in love with, and buy it on that basis. I have had clients reject properties because they didn’t…
When thinking about property investment, you must consider who will rent your property. The wider the range of people, the more people you will have to choose from when deciding on tenants. Why is this critical? Consider this scenario: you…
Question: I’m about to put one of my investment properties on the market and will have $100,000 available after the sale. Should I pay off the mortgage on my own house or buy another investment property? I pay a higher…
Increasingly, older people are renting rather than owning. This offers a new market for property investors and has significant advantages. Older people are more likely to be reliable tenants – paying rent on time, not holding wild parties or knocking…
It’s hard to credit but the average size of new dwellings has dropped from 200 square metres in 2010 to 158m2 in 2019, according to interest.co.nz. That’s quite a drop in such a short time. My childhood home was a…
In my property coaching practice, I have noticed chattels valuations are a key aspect which is often overlooked. Because of this, many investors are missing out on valuable tax deductions - and extra money in their back pocket! Why are…
As many a commentator has said over the years. If you are the smartest member of your team you are in trouble. Property investors who are successful have a good support network, i.e. mentor, accountant, lawyer, mortgage broker, etc. Obviously,…
When was the last time you increased, or even considered increasing the rent on your investment property? As a property coach, I recommend my clients undertake a rental review every six or twelve months. If it is relevant to do…
Utilising the services of a property manager can be a good idea for property investors - particularly if you are living in a different city or country to your rental. It does pay to do your homework. Choose a property…
O.P.M. - Other People's Money - is a very interesting concept. It would have to be the most widely used method of acquiring wealth. Saving alone does not produce enough to create wealth due to the constraints on how much…