Like the title seems to suggest, this kind of advice on property management will sound crazy and result in amazement from the general audience whenever it is given to anyone for the first time. However this becomes a very smart strategy to property management when you start to understand the reasons why.
As a general rule here, we give the advice not to ever inspect your property and advisably leave states apart from the investment property you have. Look at the crazy idea bringing a super advantage as it will no longer get you clipped to doing your investments in just one particular location or state for that matter but will open you doors for having investments in various parts of the world. Below we will be discussing some of the reasons why you will have no reason inspecting your investment property.
The fact that you had a building inspector do their job on the property before you settled for it is the first reason why you will realistically have no business inspecting the property. We all know that when a task is left to be performed by the professionals, then it really gets done with a superior touch as compared to the task being done by the laymen and this therefore means that you will essentially be wasting your efforts and time when you try to do an inspection on your own for your investment property. There are the rental managers who will be ready to lend their services to you after you will have bought the property and as such having it as yours for management and when you bring these professionals in to help you out with the management issues of your property, then you will have no business doing any inspection on the premise for the level at which these professional entities will do the job will quite supersede that of the layman who you happen to be.
It should be that there exists complete confidence in the team charged with the responsibility of care taking for your property and where this confidence is lacking, then we may sense a bit of danger for it is a telltale sign of you having the wrong people. As beings of the emotional nature, we risk attaching ourselves emotionally to our property the moment we get inspecting it on our own and this attachment will be quite dangerous for the financial decisions we will be making concerning the property in question. Realistically speaking, a serious investor will have so much in his basket to sort that they will hardly find spares of time to look into the duties for inspection of the property. The levelheaded and serious investor appreciates the fact that the money in all he is doing is in capital growth and will do all within means to achieve such other ends leaving the others to the relevant personnel.