Got your attention there haven’t I?
Yeah, you heard me right. Anyone who says otherwise is downright lying. There is nothing passive about property investment. In fact, I would even go as far as saying that signing the S&P does not make you a property investor. ‘Property Investor’ is a badge of honour for those who take an active interest in their investments. As property investors, we are well aware that a secure financial future can only be earned the old-fashioned way, i.e. the hard way. Those who neglect their rental properties are just people who happen to be parking their money on a property rather than in a bank, they are not investors.
Property investment shares the same recipe for success as most other things in life: a cup full of diligence, a dash of dedication, all mixed in with a spoonful of decisiveness, and a sprinkling of drive on top. To coin the term ‘passive income’ in the context of property investment straight away imparts an unrealistic expectation from newbies that all they need to do is get some money together, buy a property somewhere and violà! Money will fall from the sky… It doesn’t work like that. Unlike term deposits, bonds, and shares which are relatively immune to the actions of their owners, property requires a high level of control from their investors. Time and time again at APIA, we witness successful investors sharing one thing in common – no matter what their strategies are, they are always fully in control of their portfolios at all times.
So here you have it, QED, to get a meaningful return from property, you must be in control.
Don’t know where to start?...
