Property Investment News | Detached Investing

Detach yourself from your investment property

Property investment has come a long way from the days when a landlord managed his own property, door knocked for cash rent and did his own repairs.

The key to successful property investment is to treat it as a business. This means emotionally detaching yourself from the property.

This may mean ensuring you do not form a talking relationship or friendship with your tenant. Leave this up to your Property Manager. You never want a tenant using ‘but the landlord said’ against your Property Manager. If legal steps need to be taken due to rent arrears, you wont be burdened emotionally by the tenant’s circumstances.

Guardian Property Management

If you used to live in the property that you now call an investment, then realise that a tenant is never going to look after the property the same way as you would.

The professional property investor treats it like a business and leaves the hard work to their Property Manager. At the end of the day, you’re purchasing ‘peace of mind’ by hiring your Property Manager, so enjoy it!

If you have any questions, or need clarification on any of the above, please contact Anna Marten, our Head of Property Management, on 9651 1666 or anna@guardianrealty.com.au.

Important note: Clients should not rely solely on the content of this newsletter. All endeavors are made to ensure the content is current and accurate however, we make no representations or warranties as to the accuracy, reliability, completeness, or currency of the content. Readers should seek their own independent professional advice before making decisions.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.