Making the transition from ‘home-owner’ to ‘investor’

Tell us if this sounds familiar: you’ve lived in your family home for the past ten years, but the empowering time has come to spread your financial wings and purchase another property.

Some may choose to rent the newly purchased property, but others decide it’s time for a change of scenery and move on to something bigger and better.

This means you’ll be moving out from your beloved sanctuary and into new surroundings, leaving behind a home which holds a plethora of precious memories with family and friends.

This transition of title from ‘home-owner’ to ‘investor’ can stir up a flurry of emotions, especially when the day comes to handover your keys.

Anyone who chooses the brave path of ‘DIY landlord’ will tell you it was one of the hardest things they’ve had to do. It’s not easy seeing someone else claim residence of the home you’ve lived in for the past few years.

Not to mention, inspecting your property three months later and seeing their photo frames in place of yours.

Being a landlord is a tough gig; while it gives you total control over your property and choice of tenant, it requires a substantial amount of your time and commitment, not to mention a strong will power to disable your emotions in decision making throughout the lease of your property.

We believe the successful management of a property lies in the degree of separation between owner and tenant.

Simply because, as much as owners like to think they can objectively manage a property that they own there will always be a trace of bias or emotion.

It’s at this point you’ll see property managers as a life-saver.

As long as you enlist the services of an honest, reliable and results-driven property manager, we can guarantee that you’ll never look back (except for the time you ever wondered why you were considering being a DIY landlord).

The beauty of finding a good property manager is this one trait: they will treat your property as if it were their own – that is of course, without the attached emotion.

If you’re curious to find out some other benefits that top our list of investing in a property manager, click here.

And if you’re thinking about making the transition from ‘home-owner’ to ‘investor’, give us a call on (08) 8932 8858 to see how we can help calm the jitters.

Have you been, or are you, a DIY landlord? Share your experience in the comments below, we’d love to hear from you.