Thursday, 10th December 2015
Anyone who's studied basic science will remember Newton's Third Law which states that for every action, there is an equal and opposite reaction.
Now I'm not much of a scientist, but I can tell you that the same applies for managing risk with your residential property investment.
There are many 'what if's' that go hand-in-hand with real estate, but if you have all your ducks in a row, any issues can be nipped in the bud before they cause a problem.
It's a matter of having your insurances set up correctly, setting up a cash buffer to tide you through loss of a job or tenant and getting the right professionals on board from Day 1.
As a residential property investor who practises what I preach, I've put together a handy list of my essential risk management steps:
Would you like to discuss this further? Please contact Australian residential property strategist Christine Williams on 1300 736 754 today for your SMARTER steps to investment success.