Apart from the obvious proof that everything is in order in your investment property, real estate property reviews are necessary for the success of wealth creation. I want to say that you do not buy a car and continue to jump in it year after year, year after year, without giving it a good service and without thinking about selling it, or even taking measures to sell it. Well, the investment properties are not different.
Have you ever followed the statistics of several real estate investment strategies?
In fact, they show that most investors are “buy and hold” investors, who receive capital gains over a long period of time. This strategy works, although many active and aggressive real estate investors claim that this is not the best way to make money seriously by investing in real estate, but this is another thing worth doing at another time.
Here I am referring to the fact that the investor had to plan a day in his diary to inspect and inspect the property or all of its properties at least every year, if not more, if circumstances require it.
Even if an investor can be an investor of purchase and maintenance, this does not mean that he must buy, keep and forget the property.
Life forces us to be busy, and I have no illusions about the fact that investing in real estate is sometimes, although an asset, sometimes it can feel like a rope in your neck. They need time to cope, and that’s the way it should be. Often, income does not exist initially and, of course, this can discourage the investor.
But come here. In the long run, you will benefit and you will remember the old saying: “there is no pain”
If an investor buys a property and holds it for a long time, there is a high probability that in the next 15 to 20 years this property is in the “old part of the city”. As the population grows in the city, new properties are built around the perimeter, and these new properties will eventually destroy the value of the property in the old and central areas.