Who can help a layman to success in Property Investment? Has the question cross your mind before?

Who can help a layman to success in Property Investment? Has the question cross your mind before? 

PROPERTY AGENTS

Property agents can help you to search and locate the right property, as they are normally focusing in certain area under their strength coverage location. Do not be surprised to get a good deal from their recommendation. Never under estimate their contribution although they are looking for business (rent, buy or sell) from you.

INSURANCE AGENTS

An experienced and honest insurance agent helps you to protect your property by choosing the right type of insurance policy and the sufficient amount needed to protect your investment properties.

BANKERS

One of the major attractive points in property investment is using the leverage of other peoples’ money. That means use other peoples’ money to invest for our self. So, a good relationship with your bank manager is important to be maintained. This is to ensure that your home loan application will be proceed smoothly in the shortest time frame with the best interest rates.

LAWYERS

Lawyers are involved in the preparing the sale and purchase agreement (S&P) and completing the transaction of the property. A good lawyer with high efficiency and pro knowledge in property always give you the minimum trouble and worry during the buy or sale transaction.

PROPERTY MANAGER

If you are a serious property investor and plan to form a company to group the income from property as business income, then a good property manager is needed. He / She is the one who responsible to manage the administration works of your properties, from rental collection to tenant management, property maintenance and preparing financial reports.

PROPERTY VALUER

A property valuer helps in providing a property valuation report based on similar properties and the latest transaction prices. In another word, a valuer tells you how much the value for your property is. Then bank will need a copy of the valuation report to evaluate and approve the mortgage home loan. Normally, the maximum home loan amount is set as the figure suggested in the valuation report.

PROPERTY MAINTENANCE TEAM

Property maintenance team includes the plumber, painter, landscaper, electrician, renovation contractor and cleaners. Do not think their obligations are just for repairing and maintaining the property but also in helping you to estimate the cost of repairs for the properties you intend to purchase.

ACCOUNTANTS

An accountant prepares the accounts and advises on issues related to income and expenses. I feel more comfortable and confidence to listen for a professional’s advice rather than a layman especially during decision making on my own money related investment.

TAX CONSULTANTS

A tax consultant is mainly to help you to minimize the charges for tax on property legally. Their advice may save you thousands of Dollars.