It might feel like it takes a village to get it right when it comes to investing in property. From legal experts to insurance brokers, there are a few key experts you’ll want in your corner. Keep reading below to learn about the 5 experts you need when investing in property.
Investing in property 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 investing in 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
An accountant can help you maximise your deductions and keep you on track throughout the financial year. They can eliminate some of the financial headaches that come with having an investment property. If qualified to provide advice you can also discuss your short and long term goals and seek advice.
Professional tradespeople
It’s normal for properties to get leaky taps or need an air conditioning unit serviced. Having a handful of reliable trades you can call when something needs to be fixed will give you peace of mind that your property is being maintained to a high standard, which attracts quality tenants as a result.
Property managers – your super power when investing in property
A property manager is an expert at ensuring everything runs smoothly with your property. From advertising your property for rent to organising repairs and maintenance, a good property manager will ease the burden of owning an investment property by taking care of the day-to-day administrative tasks. And because property managers often have good knowledge of the rental market and how to find great tenants, you can maximise the value you derive from your investment assets.
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.
The AMKAR Real Estate team is here to help walk you through every aspect of investing in property so contact our friendly team here to find out how to have us a part of your property management toolkit.
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.