It takes a village to make sure you’re doing things correctly when it comes to property investing. From legal experts to insurance brokers, there are a few key experts you’ll want in your corner whether you’re in the process of buying a place or looking to protect your portfolio. Keep reading below to learn more.
Insurance experts
Having the right insurance is critical to protect your property. Make sure you speak with insurance professionals who specialise in landlord insurance products. This should include protection from potential tenant damage to your property, loss of rental income, and insurance for the building structure.
Solicitors
When you’re buying property, you need a good solicitor who will help you process the transaction. You may also want to consult a solicitor when you’re putting together your tenancy agreement to ensure it’s legally sound.
A good accountant
Having an accountant who can help you maximise your deductions and keep you on track throughout the financial year can eliminate some of the financial headaches that come with having an investment property.
Financial Adviser
A qualified Financial Adviser can help discuss your short- and long-term financial goals to ensure you’re on track with your property goals.
Property manager
A property manager is an expert that ensures everything runs smoothly with your property. A good property manager will ease the burden of owning an investment property by taking care of the day-to-day tasks and ensuring your investment journey is an easy one.
They should be armed with a wealth of experience and knowledge to ensure your investment performs, grows and is protected.
Remember when selecting a Property Manager you are giving control of your biggest asset to them, so you have to make sure that they are motivated for the best outcomes for you and your investment.
At Kim Purser Properties, I believe having a good Property Manager on your side is the first crucial step in your investment journey.
Having a team of professionals around you to ensure you have the best chance of success with property investing is wise. No matter where you’re at with property investing, finding qualified people to help you do things properly is critical.
Remember, this article is general in nature and is not financial or legal advice. Please consult
your professional financial and legal advisors before making any decisions for yourself.