"Set & Forget" the lazy way to a profitable property portfolio
on October 1, 2011 by Mick Conyngham
The Below Market Value strategy of set and forget is quite simple.
Put simply Set and Forget is:
Every little step we do involving property is set up in such a structure that you can forget it on a day to day basis for two years at a time; then simply set it up again, so that you can forget it on a day to day basis for another two years.
The reason you build a portfolio should be to give you a better lifestyle, now and in retirement. If you constantly have stress from your properties through changing tenants, maintenance, cash flow problems, purchasing problems, refinance hassles you certainly wouldn't be experiencing a better lifestyle.
Set and Forget is more than just a strategy for your portfolio or a way you set up each of your properties. Set and Forget is the philosophy. It is present in every transaction, in every strategy.
If owning one property stresses you wait until you have 10 or 20 properties. It's this simple reason why we structure it to 'set & forget'.
Once you buy a property Below Market Value set it up with a real estate agent and the collect the rent each month and manage any problems, you then forget it. We arrange the mortgages on direct debit and forget it.
Once the property is set your only responsibility is to check the rent each month and ensure the property is inspected every quarter. As long as these two things are OK, you can then get on with living.
So in short once you have bought the property; set it and forget it. You can't afford to have it affect your lifestyle.
Call the team on 1300 533 713 and they can explain in detail how we can help you Set up your Portfolio in order to Forget about it on a daily basis.
Invest with knowledge,