We have rugby on our minds (seriously, when haven’t we?!). In honour of the All Blacks’ Northern Hemisphere winning streak and in time for their final game at Twickenham, here are 10 rugby wisdoms that will inspire property investors.
1. It ain’t nothing but a Kiwi thing
Not only are we nuts for rugby, we are also pretty crazy about property. Why? Perhaps it is an understanding that properties double their values every 8-10 years. Perhaps we relish an investment that is tangible and fully within our control. Maybe it is the Kiwi camaraderie that compels us to provide accommodation solutions for those who have yet to start on the property ladder. Or maybe, just maybe, property provides a perfect platform for the hammer-and-nail-ready-Kiwi to add real value with real improvements. Remember that Mitre10 ‘DIY, it is in our DNA’ ad? We couldn’t have put it better ourselves.
2. There is no ‘I’ in ‘team’
No one is bigger than the game. Winning and losing is always down to the team. Same thing in property. Whilst investors should start small and grow, it is also vitally important to assess your strengths and weaknesses. Put the former to use and address the latter by delegation. Delegate, delegate, delegate. All successful property investors we know have a team of supportive lawyers, accountants, advisors, managers, financiers, and friends around them. Let your team do their jobs and concentrate on doing your job well. Think about it. If you can’t catch and kick like Israel Dagg, what are you doing playing as a fullback? Get someone else to do it.
