If you hope to be a successful investor, creating investment goals is key to creating your road map to success. Below we outline what it is you need to think about when creating successful investment goals for Wellington investment property.
Understand Your Current Position
Spend an evening looking over your finances to get an understanding of your current financial position, helping you create goals, make more informed decisions, and give you something to compare with later on when checking your goals are on the road to being achieved.
Set a Timeline & Understand Your Equity
How long will you own each investment for? When would you like to achieve your goal? Set some goals around the number of properties you and how long you intend to keep each one. This can help you plan out the benefits and risk associated with your new portfolio. Most portfolio investors know, the first property is always the hardest as it takes a lot of work and planning, however, once you get your first, the second, third and fourth should come easier. To get a better idea your equity expectation, of what you can achieve, and the time it will take to achieve these equity goals, make a point to sit down with your bank or financial advisor.
Clarify Your Motivations
Why are you investing? what's motivated you to invest? what's your ultimate end goal? Are you investing in property for long term capital growth? Leverage? Income? Set your goal and plan based on this.
Plan How to Achieve Goals Best
Do you plan to own a portfolio of 3+ investment properties? Investors with more than two properties usually place high value in a good property manager, who will deal with the day-to-day management while the investor continues to look for investments. Property managers are also a fountain of knowledge, and can provide expert advice on great investment areas, and what will grow rent returns and improve tenant demand.
If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.
We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.
If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.
Quinovic Johnsonville | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Hutt Valley | Wellington
Call Helen Vance - 027 487 8103
Quinovic Kent Terrace | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Wellington Property Managers