Buyer's Agent

Chris Gray is the CEO of Empire Property Portfolios which not only acts as a buyer's agent for investors, but also provides end-to-end service so you can build your investment property portfolio with ease.

Read more...

Social Networking
Author

“Chris has an amazing ability to articulate in an easy-to-understand way the essential guidelines that are required to create wealth through property.”—Anthony Bell, CEO of award winning accounting and advisory firm, Bell Partners.

Chris has published two books, the second of which he now offers as a FREE download. Click the button below to get your:

FREE BOOK

Chris Gray | Property Expert | TV Presenter | Author | Speaker | Buyer's Agent

Newsletter

You can subscribe to Chris Gray regular email newsletters and bulletins. 

Testimonials

“Chris is a professional and polished presenter displaying a strong understanding of his subject. He inspires his audience by showing them in easy to understand ways how they can address the many considerations associated with property investment.” 

John Horder, President, CPA Australia

Read more testimonials...

 

« Use a Buyer’s agent to find the most profitable investment | Main | Property Investment; Managing a Team of experts »
Tuesday
Sep212010

Why you need an Investment Property Manager

Some people boast that they have saved $1,200 a year by managing the investment property themselves because it’s easy to manage – and yes it can be. But if you’ve got 5–10 investment properties you won’t want a phone call at midnight about a broken toilet or some other $50–$100 decision that you’re going to have to agree to anyway! What’s the point of leaving your well paid job or having your leisure time disrupted to deal with a mundane problem?

When you’re investing in property at a young age, money is tight and you may not be able to afford an investment property manager. But if you’re a high income earner and you’re building a reasonable portfolio, you’ll need to delegate because you’ve surely got better things to do with your time.

A good investment property manager is in the market 24/7 and has a better idea of what rents are achievable so they are more likely to get you a higher rent when the market changes. They are more used to scrutinising tenant applications and not putting up with lame excuses for the rent not being paid.

Many investment property investors have sold profitable investment properties only because they are fed up with dealing with tenants. Why sell an investment property that makes you $50k p.a. when you can get rid of any tenant hassles for just over $1,000 a year? 

References (13)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Response: Steve Jacob
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Response: Steve Jacob
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Response: lose stomach Fat
    Why you need an Investment Property Manager - Investment property tips from property expert - Chris Gray
  • Response
    Optisoft Solutions is Manufacturer, Supplier and Distributor of CCTV Security Camera. Our CCTV are Latest feature & Cheapest Price in Delhi.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>