This article is part of a series which goes through the 6Ws of Czech property investing (Why, Who, What, Where, When and How).
Are you thinking about becoming a landlord? Do you want to make money through ‘buy-to-let’ investments?
You probably read stories about investors who have done exceedingly well through real estate. However, these investors often have certain characteristics and skills. What are they and do you have them?
Here is an excerpt from the article:
“Unlike other forms of investing, being a landlord requires wearing a really diversified set of hats. Those who fail to make a candid self-assessment about their personal skills are often the ones who fail at property investing.
It is not an investment where you can sink your money in and then forget about it.
A 100% ‘do it yourself’ landlord can be required to have a basic level of skill as an accountant, banker, attorney, bill collector, carpenter, diplomat, financial analyst, insurance agent, painter, real estate agent, psychologist, salesperson, marketer, counsellor, locksmith, social worker and plumber.”
To read the complete article go to: Do You Have What It Takes to be a Czech Rental Property Owner? – Part 1.
A 100% ‘do it yourself’ landlord has to manage many roles. Photo © imagerymajestic
Updated/Aktualizováno: July 22, 2014,
