Set and forget? Then forget about long-term property investment gains
It may not necessarily be a daily priority, but the set and forget approach to property management is bound to come unstuck for passive real estate investors.
A key principle to ensuring capital and income preservation is a commitment to social responsibility from rental providers. (Image source: Shutterstock.com)
We often hear property described as a passive investment, which it is when compared to buying and operating a small business.
However, it’s definitely not an exercise in set and forget. While there’s a lot of work involved in saving, identifying and securing a good quality residential property asset, there remains more to do after the purchase celebrations subside.
Property investors must set the right post-purchase plans in place to ensure a t…
