Thursday, 8 May 2008

Developing your team of "Super Heroes"

You can never become a successful property investor on your own. Your success depends on having a team of seasoned professionals you can delegate to confidently, to see through the buying, renting or selling of your investments. These individuals need to be honest, well informed and closely connected to other industry professionals, but most of all - they must understand your needs as a property developer.

Your relationship will cement as you come to rely on their advice and informed decisions that will no doubt surface at each stage of buying, renting or selling of the property. The careful choosing of these “super heroes” will become pivotal to your success.

Some of the likely key members who are needed on your team

Estate agents
Letting agents
Mortgage brokers
Insurance brokers
Solicitors
Accountants
Surveyors
Electricians
Plumbers
Gas engineers
Builders
Roofers
Gardeners
Other property developers

Easily, the best way to find the professional individuals that go to make your team – is by recommendation, giving you an immediate testimony to their skills. Importantly, ensure they are certified or credited to provide the required standard of services they offer, it may prove to be to your advantage if a number of these professionals also manage their own portfolio.

Understanding the property market from the developers point of view will add the obvious advantages to your calls.

It’s not paramount but would be advisable to source your team of ‘Super Heroes’ prior to searching for your first property investment, affording yourself the professional advice you will require from the start.

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