The more time you spend on maintaining properties and dealing with tenant issues - which can happen at any time of the week, day or night - the less time you will have spare to source properties and grow you portfolio.
(PRWEB UK) 15 March 2012
A big rise in the number of portfolio landlords making a loss since the Landlords Panel began in 2006 is just one reason why it is better to be a hands-off investor say Colordarcy.com. Investors in hotel rooms for example stand a greater chance of avoiding some of the pitfalls of property investment such as long void periods, repairs and maintenance.
Loxley McKenzie MD of Colordarcy.com said, “Many buy-to-let investors prefer to do it hands-on, however, it is worth remembering that property investing is a business and trying to do everything yourself is actually counter-productive in the end, as this recent survey shows.
The more time you spend on maintaining properties and dealing with tenant issues - which can happen at any time of the week, day or night - the less time you will have spare to source properties and grow you portfolio.”
Hands-off property investment has been gaining in popularity according to Colordarcy.com because it offers a low risk, low maintenance alternative to traditional buy-to-let. Hands off should mean just that for investors. That way investors can concentrate on building their portfolio
Colordarcy.com highlight investments in student accommodation, as another example. The best properties come fully managed with a strong supply of tenants ready to fill units each year. Security maintenance and safety issues are all taken care of by experienced property management companies, therefore avoiding any issues with tenants.
McKenzie added, “If your investment is truly hands-off, you probably won’t even need to see a tenant particularly if it’s a hotel investment where it is up to those who manage it to deal with any day-to-day issues. Yields on these properties can often be higher, with low voids and guaranteed rental.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy
investment property portfolio includes some of the best properties for sale in Atlanta, Brazil, Florida, Turkey and the United Kingdom.
For more information, supporting pictures or logo artwork, please contact:
Tel: +44 (0) 207 100 2393