One of the many things I’ve learned over the last 40 years in property, and 25 years in buy to let, is that having the right systems and processes in place can save a lot of time, and potentially a lot of money, even if there’s some initial investment to get the system set up in the first place.
But I can’t beat myself up too much for not having a perfect set-up, because most (all) of the tools I’d use now weren’t even available when I started investing in property 25 years ago.
The internet, combined with cloud based software and phone apps, have opened up all sorts of possibilities for accounting and property management and planning, literally at our finger tips or in the palm of our hand.
My top tip is to start using these tools early, especially if you intent to grow a sizeable business. One thing which has held me back is the idea of transferring a mass of data from my current, somewhat homemade systems, to a ‘proper’ ‘software solution’.
I know I could outsource it, but I’d still have to get all the data together and probably train someone how to do it.
And, truthfully, I can’t bring myself to do it.
But, if I knew then what I know now, I would have started the process much earlier when it would have been much easier.
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://thepropertyteacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://thepropertyteacher.co.uk/the-successful-property-investors-strategy-workshop
