The Property Podcast TPP004: Landlord vs Investor
Apr 11, 2013
This week, the hosts tackle the clash between viewing oneself as a landlord versus an investor. They dive into the benefits of being hands-off with investments while still managing tenant relationships effectively. One argues for strategic, big-picture thinking, while the other emphasizes the emotional benefits of being engaged with tenants. They also share insights on the risks of outsourcing property management and suggest a hybrid approach for success. Plus, they explore the UK's happiest places to live!
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Delegate To Avoid Time-Consuming Emergencies
- Use a letting agent to avoid weekend emergencies and last-minute costs like locksmith callouts.
- Delegate routine management to protect your time and preserve weekends.
Systemize Landlord Tasks To Save Money
- Set systems up so landlord tasks largely run themselves and you avoid micromanagement.
- Save management fees by only doing work that yields a worthwhile hourly return.
Hands-Off Thinking Enables Portfolio Growth
- Being hands-off lets you focus on portfolio strategy and faster growth.
- Investors can treat property like other investments and scale by thinking big picture.