Managing & Mitigating Property Investment Risks
Episode description
Today, we're joined by property management expert, Jewayne Loong to discuss how to manage and mitigate your property investment risks.
With over 15 years of experience, we've seen the importance of proper planning beyond the initial purchase focusing on tight management of the property, tenant, insurance, legalities, and contingencies to minimise the chances of a costly event occurring and ensuring it doesn't wipe you out.
Many investors overlook these critical elements, risking their investments on unforeseen issues. Today, we'll share insights and strategies to protect your property investments, emphasizing the need for the right safeguards to prevent potential derailments.
Let’s go inside.
Resource Links:
- Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property (https://www.investorsedge.com.au/invest-in-perth-property/)
- Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
- Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
- For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
- For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
Episode Highlights:
- Intro [00:00]
- Managing Older Properties and Minimizing Risk [04:40]
- Landlord Insurance, Compliance, and Lease Agreements [09:35]
- Property Management Strategies to Reduce Risks and Conflicts [13:54]
- Property investment in Perth, Australia [21:52]
- Outro [26:50]
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