Today's feature is inspired by a reader's question on the Property Hub Forum, which goes as follows [edited]: ."..Although I haven't fully formed goal strategy yet, however, I do know I want to be a hands off landlord. I’d also prefer to buy new(ish) properties and am looking to rent unfurnished to … [Read more...]
A minor tenancy saga is unfolding…
This is a story, so far without an end and shares some of what really happens in real-life rental properties with real-life tenants, who have real lives...as do real-life landlords by the way! It is not (yet) a disaster movie but it is not exactly a Saturday matinee either. It does however go with … [Read more...]
My Essential Property Book List
I was recently asked by Vanessa Warwick to submit my top 5 essential property books to the Property Tribes Forum. Today’s post elaborates on the selection a bit further… I guess the most obvious thing that strikes when looking at my top 5 is that none of them is directly about property. Possibly … [Read more...]
How can we achieve financial independence & wealth creation when we start in debt?
This short (1:31 min) video from The Money Charity got me thinking this morning...how can we even think about investing, financial independence and wealth creation when our starting position is one of debt? I am no expert but I do have some experience and a story to tell... I was drawn back to … [Read more...]
Rodney, you plonker! Less than half of all landlords have a clue what they are doing…
“Rodney, you plonker!” The often and mostly unfairly derided Rodney Trotter from Only Fools and Horses in the most part at least tried to look into things a little. His brother and lead partner Del Boy on the other hand was a gung-ho! risk-taking and frankly dodgy (if loveable) businessman. Whilst … [Read more...]
Landlords beware: five common financial traps
Most of these 'financial traps' are common sense; perhaps with the exception of #3... #1 Setting the rent too low or too high #2 Failing to monitor arrears #3 Attempting to self-manage a property #4 Neglecting maintenance #5 Inadequate insurance As for #3, appointing an agent does carry a cost … [Read more...]
Property Club Scams…and how to avoid them
Giving our hard earned savings to a shark can get us bitten and I have spoken about this recently. But we could also get dragged off a cliff by a well-meaning property businessman through bad business decisions, incompetence or just bad luck as well if we are not careful. At face value it does … [Read more...]
Live the dream as a property millionaire…caveat emptor!
Live the dream! But first take heed...Caveat Emptor... I have seen Raj, the main speaker at the event profiled in this article before, I previously attended an Inside Track seminar on property investing and paid a tidy sum for the privilege to do so but did not proceed to invest with them. The … [Read more...]
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