Episode 71: You'll Fail Without a Team Behind You

Are you interested in the world of property investing? This episode is a must-listen! Join me, Vicki Wusche, as I discuss the importance of having a strong team to support your property investments.

On this episode of A Wealthy Life, I'll emphasise that, without a team, investing in property can be a time-consuming and fruitless endeavour. I'll highlight the need for a reliable team and trustworthy tradespeople to manage investment properties. And I'll share personal anecdotes and provide valuable insights into the intricacies of property investing.

I'll also explore the key factors to consider when hiring a letting agent, including assessing their ability to conduct regular inspections, handle financial aspects, and ensure property maintenance. I'll emphasise the need for letting agents to be knowledgeable about local tenants and property types, as well as up-to-date with legislation and regulations.

Later on, I'll discuss the importance of having a solicitor on your team to handle legal matters, such as conveyancing. And I'll provide advice on how to find a good one. Moreover, I'll touch on the importance of choosing the right broker for mortgage needs. Throughout the episode, I'll remind you that property investing is a serious business that requires a dedicated team.

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Highlights from this episode:

[00:02:36] – Invest Close to Where You Live

[00:08:41] – Know Local Preferences for Property Preparation

[00:15:51] – What is the Role of a Solicitor?

[00:24:37] – Your Letting Team

[00:34:11] – Importance of Having a Team

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

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Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them