• 51. You’re an Idiot for managing your own Investment Property

  • Oct 27 2024
  • Length: 18 mins
  • Podcast

51. You’re an Idiot for managing your own Investment Property

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  • Summary

  • Experience a full minute of Chris Clarke and Kurt before they launch into the episode!

    In this episode, we explore the pros and cons of managing your own investment property. We kick off by discussing some of the perceived advantages of doing it yourself: saving money, having direct access to the property, feeling more in control, letting friends use the space, and even the temptation to pay tradespeople in cash to avoid tax (which, of course, is a big no-no, but it’s something people often think about). On the flip side, we dive into the downsides of self-management. For the cost of a cup of coffee each day, you could have your largest investment professionally managed. Managing it yourself can eat up a lot of your time, you may not fully understand the legal complexities, and handling tasks like managing the bond can be tricky. Plus, without professional support, you might attract the wrong type of tenant.
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