Jason Whitton

You would be surprised to know there are economists out there, who spend their days talking specifically about the economy and the rise and fall of property prices, that don’t even own a house, let alone an investment property. To avoid broke experts who don’t have the demonstrated experience to adequately help you in your wealth creation journey, here’s what you need to know.

The right property manager takes the stress out of owning real estate and ensures your investment continues to create wealth as the property matures into the future. It’s extremely important that you employ the right person for this very important role. With that being said, here are my four best tips for choosing an excellent property manager.

But before you jump headfirst into the world of short-term letting, it’s important to know the differences between making money through a traditional property investment structure versus holiday rentals. Here are four questions to ask yourself before you consider becoming an Airbnb investor…

It’s the age-old debate: as a property investor, should you buy your own home, or should you rent? When it comes down to it, either owning or choosing to rent is entirely preferential.

However, your long-term financial goals will determine how you approach this situation.

So, let’s talk about the benefits and drawbacks of both owning and renting in the property investor space.

Being a successful, smart property investor means asking a lot of questions, all the time.
Making a decision about whether or not to buy a property is never just about asking the question, “Is this a good property to buy?”
Compared to what? A three-bedroom house in Sydney, or a one-bedroom studio apartment in Bendigo? What are you comparing it against and how does it measure up?
The art of comparison is a skill you need as a smart investor because the real estate market is an ever-changing, fluid thing.
You have to look at the big picture, never assume you know all the answers and ask a lot of questions to be sure you’re making smart investment choices and decisions.

The primary reason to invest in property is to become wealthy enough to live the life you want, right?
Many property investors want to know how they can generate a level of riches from real estate and live their dream life.
The good news is that it is possible to get rich, live your dream life, and accumulate great wealth from property investment.
But – and this is a big but! – property investment is not a get-rich-quick scheme. Anyone expecting to make a billion dollars overnight is going to fall flat on their face.