This article is part of a series which goes through the 6Ws of Czech property investing (Why, Who, What, Where, When and How).
The previous article covered a characteristic of would-be landlords that would guarantee their failure. This article discussed the second characteristic and if a good self-analysis showed that you were one of these types, how to handle it.
Here is a snippet from the article:
“Outsourcing
If you find that you are weak in one of the areas discussed or, for example, you really hate crunching numbers, it doesn’t mean that you should drop the idea of being a landlord.
There are a number of solutions including finding an investment partner who offsets your weaknesses.
Another alternative, which is the most commonly chosen, is to outsource those parts of the task which you are unable or frankly, should not be involved in.
This could be, for example, by finding a great investment advisor or property management team.
In many cases, even with their additional costs, this can increase your profits because they can be so much more skilled at these tasks than you would be individually.”
Read the full article at the following link:Do You Have What It Takes to be a Czech Rental Property Owner? – Part 2.
The fantastically successful property investors know their strengths and weaknesses.
Updated/Aktualizováno: July 22, 2014,
