Ok, so what is hands-off investing?  Whatever it is it sounds good doesn’t it?

It works in two, ways 1. You invest money for a set period or per project for a return of x or 2.

We find you a property for a fee.  Then we refurbish the property for a fee.  Once we have done that, we then find you a tenant for a fee and % each month.  Both are excellent ways to Invest totally Hands Free….

Let’s say you have bought yourself a property, but you don’t want all of the hassle that goes with managing it.  Or you don’t really know what to do.

I get it, property management can be a real headache and there are often problems that are unpredictable and unavoidable.

Often the joys of leaks or boilers breaking down in the middle of the night and the tenants are on the phone to you!

That doesn’t sound fun does it?

Kind of explains why is no wonder that a lot of investors choose a property management company to take care of these things for them.

Property management companies will tell you that you are getting the best of both worlds. The benefits of a monthly residual income, without any of the hassles of being a traditional landlord at the beck and call of tenants around the clock.

Free Your Time

If you are looking to build a good property portfolio (and you should) then having the time available to do this is essential. You do not want to be a 24 hour landlord dealing with the mundane when you should be looking for your next property.

Even with one property you may find that being the landlord can be a full time job. What if a tenant leaves? You will want to ensure that a new tenant is found very quickly. Do you have the time and resources to do this?

A letting agent will be far more likely to find somebody that is ready to rent in your area than you will be able to alone. Also they will have access to trusted local trades people who can do all of those repairs for you. Your time is critical to your success.

Is It A Good Idea To Go Totally Hands Free?

Right now there is a huge demand for hands off investments. There are companies that will find the ideal property for you, find tenants and manage the property as well. But is this a good way to go?

Well even when you take the agents fees into account you can still make a good profit and residual income if the property is in the right location and there is strong rental demand.

What is not a good idea is to leave this all to an agent to decide. You need to know what the rental yields are in a particular area before you commit to a property purchase.

Some unscrupulous agents have inflated these rental yields and unsuspecting investors have purchased properties in the wrong locations and lost considerable money.

Talk to other investors that have used a particular agent to see if they are on the level and perform your own due diligence in an area before investing in a property and you should be safe.